WASHTENAW PACE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

Luke Reynolds

Phone

7345725777

Tax Period

2024-07-01 to 2025-06-30

WASHTENAW PACE INC, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $31.4M in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE WELLNESS, DIGNITY AND INDEPENDENCE OF OLDER ADULTS BY PROVIDING HIGH-QUALITY, INNOVATIVE HEALTH CARE AND SUPPORT SERVICES, PRIMARILY TO LOW INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $29,341,453 Revenue: $30,612,998

THE WASHTENAW PACE IS A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE), AN INNOVATIVE MODEL OF LONG -TERM CARE THAT OFFERS DISABLED AND FRAIL OLDER ADULTS THE OPTION OF REMAINING AT HOME WITH DIGNITY AND INDEPENDENCE. THE FOCAL POINT OF THE WASHTENAW PACE IS THE DAY CENTER, WHERE PARTICIPANTS SOCIALIZE AND RECEIVED MANY OF THE SERVICES OFFERED BY THE WASHTENAW PACE. THE MAJOR SERVICES INCLUDE: PRIMARY MEDICAL CARE AND NURSING CARE, ALL MEDICATIONS, REHABILITATIVE THERAPIES, NUTRITION SERVICES, THERAPEUTIC RECREATION, AND MUCH MORE. ADDITIONALLY, THE WASHTENAW PACE OFFERS IN-HOME SERVICES INCLUDING NURSING, PERSONAL CARE, MEAL PREPARATION, LIGHT HOUSEKEEPING, HOME DELIVERED MEALS, AND CAREGIVER RESPITE. THE WASHTENAW PACE ALSO COVERS ALL MEDICAL SPECIALISTS, LABORATORY AND X-RAY TESTS, AND HOSPITALIZATION WHEN NECESSARY. IN ADDTION, TRANSPORTATION IS PROVIDED TO THE DAY CENTER AND TO MEDICAL APPOINTMENTS AS NEEDED. PARTICIPANTS ARE ASSESSED AS NEEDING NURSING HOME LEVEL CARE, BUT ARE ABLE TO LIVE SAFELY IN THE COMMUNITY WITH PACE SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $642,473

Program Service Revenue $30,612,998

Investment Income $180,542

Other Revenue $-25,610

TOTAL REVENUE $31,410,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,215,540

Fundraising Expenses $0

Program Expenses $29,341,453

Other Expenses $24,185,680

TOTAL EXPENSES $32,401,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,410,403	$29,966,894	+0.0%
Expenses	$32,401,220	$28,646,931	+0.1%
Net Income	$-990,817	$1,319,963	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

145

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$983,608

Total Directors

$1,177,895

Key Employees

$207,893

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE HENDERSON	SECRETARY	2	Officer Director	$0	$21,426	$378,213
KALEN CARLSON	TREASURER	2.00	Officer Director	$0	$20,539	$307,557
LUKE REYNOLDS	CHAIR	2.00	Officer Director	$0	$29,304	$297,838
KIM HOPPE	FORMER CFO	2		$0	$133,462	$256,261
SONJA LOVE FELTON	EXECUTIVE DIRECTOR	40.00	Key Emp	$198,755	$9,138	$207,893
MELISSA LATTER	DIRECTOR	2.00	Director	$0	$14,527	$194,287
ROSALYN OTTING	CLINIC PHARMACIST	40.00	Highest	$149,335	$6,803	$156,138
DENISE MCGOWAN-SMITH	THERAPY CLINICAL MANAGER	40.00	Highest	$123,189	$24,313	$147,502
LAURA FITZGERALD	NURSE PRACTITIONER	40.00	Highest	$125,434	$5,946	$131,380
ALEXANDRA RABBAN	NURSE PRACTITIONER	40.00	Highest	$119,473	$11,388	$130,861
GABRIELLE MCINTYRE	NURSE PRACTITIONER	40.00	Highest	$116,813	$5,361	$122,174

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$31,410,403	$32,401,220	$19,445,895	$-990,817
2024	No data	No data	No data	No data
2023	$28,795,478	$25,286,662	$18,217,269	$3,508,816
2022	$12,381,850	$10,852,345	$14,741,908	$1,529,505
2021	$22,947,786	$19,425,673	$17,884,129	$3,522,113
2020	$18,521,917	$16,708,377	$13,962,144	$1,813,540
2019	$15,968,939	$15,931,634	$11,794,248	$37,305
2018	$14,534,984	$14,988,710	$10,438,279	$-453,726