CADENCE CARE NETWORK (EIN 341645670) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

MATT KRESIC

Phone

3305448005

Tax Period

2024-07-01 to 2025-06-30

CADENCE CARE NETWORK, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $28.3M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $26.5M left a modest 6% surplus.

Mission

TO PLACE DEPENDENT, ABUSED, NEGLECTED, AND DELINQUENT CHILDREN IN PRIVATE FOSTER HOMES AND TO PROVIDE COMMUNITY-BASED MENTAL HEALTH SERVICES TO CHILDREN AND FAMILIES.

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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 $2,281,817

Program Service Revenue $26,264,339

Investment Income $-424,875

Other Revenue $141,921

TOTAL REVENUE $28,263,202

Expense Breakdown

Grants Paid $1,700,000

Salaries & Benefits $19,054,636

Fundraising Expenses $0

Program Expenses $21,802,578

Other Expenses $5,761,820

TOTAL EXPENSES $26,516,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,263,202	$20,731,754	+0.4%
Expenses	$26,516,456	$17,535,504	+0.5%
Net Income	$1,746,746	$3,196,250	-0.5%

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

Employees

344

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

$652,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODI RIEDEL-GLASER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMIE HAREN	TRUSTEE	1.00	Director	$0	$0	$0
DON DEITEMYER	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW THOMPSON THRU 052025	SECRETARY	1.00	Officer Director	$0	$0	$0
SHEA MACMILLAN	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA DREHER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GRUNDY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CATENA SHORTREED THRU 052025	TRUSTEE	1.00	Director	$0	$0	$0
TERRY P ARMSTRONG	TRUSTEE	1.00	Director	$0	$0	$0
DEAN BAGNOLA	TRUSTEE	1.00	Director	$0	$0	$0
MATT KRESIC	CEO	40.00	Officer	$203,010	$17,842	$220,852
MARK BAYNES	CFO	40.00	Officer	$70,546	$3,121	$73,667
HEATHER CRAVER	CHIEF CLINICAL OFFICER	40.00	Officer	$112,731	$3,292	$116,023
NIKUNJ PATEL	COO	40.00	Officer	$107,737	$14,894	$122,631
SHANNON HARNICHAR	CHIEF COMPLIANCE OFFICER	40.00	Officer	$110,194	$9,011	$119,205

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	$28,263,202	$26,516,456	$12,520,692	$1,746,746
2024	No data	No data	No data	No data
2023	$15,191,947	$13,770,782	$6,980,245	$1,421,165
2022	$8,091,853	$8,221,602	$4,769,291	$-129,749
2021	$7,911,630	$6,735,548	$3,603,274	$1,176,082
2020	$5,590,585	$5,590,380	$2,762,687	$205
2018	$3,856,483	$4,309,633	$2,009,366	$-453,150

CADENCE CARE NETWORK