CAREY SERVICES 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

1954

Legal Domicile

Principal Officer

JAMES R ALLBAUGH

Phone

7656688961

Tax Period

2024-07-01 to 2025-06-30

CAREY SERVICES INC, founded in 1954, is a mid-sized nonprofit in the Human Services sector that reported $12.9M in total revenue in fiscal year 2024.

Mission

TURNING ABILITIES INTO OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $5,240,429 Revenue: $8,124,504

ADULT RESIDENTIAL - SUPPORTED LIVING AND GROUP HOME SERVICES PROVIDE AN ARRAY OF SUPPORT AND ACTIVITIES FOR PERSONS WITH DEVELOPMENTAL DISABILITIES IN THE HOME AND IN THE COMMUNITY. QUALIFIED STAFF ASSIST WITH BATHING, HOUSEKEEPING SKILLS, COOKING, SHOPPING, AND OTHER DAILY LIVING ACTIVITIES. CAREY SERVICES STAFF PROVIDE TRAINING OPPORTUNITIES SO THAT PEOPLE WITH DISABILITIES MAINTAIN THEIR INDEPENDENCE AND INVOLVEMENT IN THEIR COMMUNITY.

Program 2

Expenses: $2,612,757 Revenue: $418,575

ADULT DAY SERVICES - THE HABILITATION PROGRAM AT CAREY SERVICES CONSISTS OF PERSON-CENTERED TRAINING IN A WIDE VARIETY OF LIVING SKILLS. THE GOAL IN ALL TRAINING IS TO ASSIST IN DECISION MAKING AND BECOMING MORE INDEPENDENT IN NORMAL LIFE ACTIVITIES. DEPENDING UPON THE NEED OF EACH PARTICIPANT, TRAINING MAY OCCUR INDIVIDUALLY OR IN A GROUP SETTING. CLASSES TAKE PLACE AT THE AGENCY AND IN THE COMMUNITY, IN A HELPFUL AND ACCOMMODATING ENVIRONMENT.

Program 3

Expenses: $1,958,113

EARLY HEAD START (EHS) IS A FEDERALLY FUNDED PROGRAM FOR FAMILIES WITH CHILDREN UNDER THREE YEARS OLD AND PREGNANT WOMEN WHO MEET HEAD START INCOME GUIDELINES. EHS WORKS WITH FIRST STEPS TO ENSURE...

EARLY HEAD START (EHS) IS A FEDERALLY FUNDED PROGRAM FOR FAMILIES WITH CHILDREN UNDER THREE YEARS OLD AND PREGNANT WOMEN WHO MEET HEAD START INCOME GUIDELINES. EHS WORKS WITH FIRST STEPS TO ENSURE THAT CHILDREN WITH DISABILITIES RECEIVE QUALITY AND COMPREHENSIVE SERVICES. THERE WERE DONATED SERVICES & RENT DURING THE YEAR OF $89,796.

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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 $3,662,865

Program Service Revenue $8,989,541

Investment Income $189,795

Other Revenue $106,977

TOTAL REVENUE $12,949,178

Expense Breakdown

Grants Paid $69,545

Salaries & Benefits $9,552,887

Fundraising Expenses $159,387

Program Expenses $11,577,932

Other Expenses $3,383,236

TOTAL EXPENSES $13,005,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,949,178	$13,100,022	0.0%
Expenses	$13,005,668	$13,106,995	0.0%
Net Income	$-56,490	$-6,973	+7.1%

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

384

Volunteers

175

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

$195,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL BOWERS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KOLBY ROSEMEYER	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CASSIE DIXON	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH SUMMERSETT	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN JONES	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
KAREN DOWLING	BOARD MEMBER	2.00	Director	$0	$0	$0
REBEKAH GEIST	BOARD MEMBER	2.00	Director	$0	$0	$0
JAYDA MONTEIRO	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN PLANCK	BOARD MEMBER	2.00	Director	$0	$0	$0
CRAIG PERSINGER	BOARD MEMBER	2.00	Director	$0	$0	$0
EVAN KING	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC WALTS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN BOWMAN	BOARD MEMBER PARTIAL TERM	2.00	Director	$0	$0	$0
JOSH SCHENCK	BOARD MEMBER PARTIAL TERM	2.00	Director	$0	$0	$0
JAMES ALLBAUGH	PRESIDENT/CEO	40.00	Officer	$188,280	$7,159	$195,439

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	$12,949,178	$13,005,668	$17,781,231	$-56,490
2024	$13,100,022	$13,106,995	$17,312,146	$-6,973
2023	$12,281,856	$12,229,201	$17,945,590	$52,655
2022	$13,337,022	$12,213,323	$16,864,409	$1,123,699
2021	$13,450,713	$11,034,399	$15,257,592	$2,416,314
2020	$11,241,149	$11,323,991	$13,526,419	$-82,842
2019	$12,487,533	$10,902,940	$11,669,491	$1,584,593