CARE RESOURCES

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

Kimberly Smith

Phone

6169132006

Tax Period

2024-10-01 to 2025-09-30

CARE RESOURCES, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $45.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Care Resources is a PACE (Program of All-Inclusive Care for the Elderly) organization which provides comprehensive care and social services to the indigent and frail elderly who would otherwise qualify for nursing home care under the Medicaid program.

Program Service Accomplishments

Program 1

Expenses: $43,716,096 Revenue: $44,431,603

Provide comprehensive health care and social services covering approximately 4,260 member months or approximately, an average of 355 participants per month. Examples of provided services include...

Provide comprehensive health care and social services covering approximately 4,260 member months or approximately, an average of 355 participants per month. Examples of provided services include transportation, care management, social services, day center activities, outpatient and inpatient care, home care services, and supporting housing assistance.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $539,711

Program Service Revenue $44,213,811

Investment Income $181,397

Other Revenue $36,395

TOTAL REVENUE $44,971,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $649

Fundraising Expenses $0

Program Expenses $43,716,096

Other Expenses $45,776,372

TOTAL EXPENSES $45,777,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,971,314	$39,685,076	+0.1%
Expenses	$45,777,021	$38,542,538	+0.2%
Net Income	$-805,707	$1,142,538	-1.7%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

$1,136,475

Total Directors

$1,371,465

Key Employees

$951,894

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Karsten	Director, Treasurer	2	Officer Director	$0	$0	$427,070
Troy Vugteveen	Director, Chairperson	2	Officer Director	$0	$0	$417,475
James Chiavaras	Medical Director	50	Key Emp	$0	$0	$303,277
Kate Veenstra	Director	2	Officer Director	$0	$0	$291,930
Tracey McKnight	Chief Executive Officer	50	Key Emp	$0	$0	$262,844
Mary Pell	Physician	50	Highest	$0	$0	$221,639
Rebecca Wolfe	Physician	50	Highest	$0	$0	$210,136
Thomas Muszynski	Chief Operating Officer	50	Key Emp	$0	$0	$166,336
Steve Velzen-Haner	Director	2	Director	$0	$0	$165,164
Steve Quist	Chief Strategy/Financial Officer	50	Key Emp	$0	$0	$159,202
Larry Sluiter	Physician Assistant	50	Highest	$0	$0	$123,562
Laura Hall	Nurse Practitioner	50	Highest	$0	$0	$115,441
Delphia Croff	Nurse Practitioner	50	Highest	$0	$0	$110,600
Elizabeth Strait	Director	2	Director	$0	$0	$69,826
Kimberly Smith	CEO	50	Key Emp	$0	$0	$60,235

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	$44,971,314	$45,777,021	$18,387,057	$-805,707
2024	$39,685,076	$38,542,538	$17,464,008	$1,142,538
2023	$33,864,214	$33,063,318	$12,793,783	$800,896
2022	$29,643,399	$27,559,550	$13,057,362	$2,083,849
2021	$23,421,679	$22,852,164	$9,165,160	$569,515
2020	$21,046,345	$19,207,268	$8,630,711	$1,839,077
2019	$17,487,399	$17,394,843	$6,509,383	$92,556