UPCAP SERVICES INC (EIN 381957176) - 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

1971

Legal Domicile

Principal Officer

JONATHAN MEAD

Phone

9067864701

Tax Period

2023-10-01 to 2024-09-30

UPCAP SERVICES INC, founded in 1971, is a mid-sized nonprofit in the Human Services sector that reported $37.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $32.9M left a modest 12% surplus.

Mission

PROMOTE THE DEVELOPMENT OF HUMAN, SOCIAL & COMMUNITY RESOURCES OF THE UPPER PENINSULA OF MI.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,781,428

Program Service Revenue $28,045,467

Investment Income $1,444,997

Other Revenue $18,201

TOTAL REVENUE $37,290,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,883,374

Fundraising Expenses $0

Program Expenses $30,788,216

Other Expenses $27,034,922

TOTAL EXPENSES $32,918,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,290,093	$31,397,896	+0.2%
Expenses	$32,918,296	$27,908,567	+0.2%
Net Income	$4,371,797	$3,489,329	+0.3%

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

146

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

$171,226

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN MEAD	PRESIDENT & CEO	38.00	Officer	$156,344	$14,882	$171,226
JOE DEROCHA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY DOUCETTE	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG REITER	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM MENGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARL NYKANEN	CHAIR	1.00	Officer Director	$0	$0	$0

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
2024	$37,290,093	$32,918,296	$44,891,281	$4,371,797
2023	$31,397,896	$27,908,567	$37,980,008	$3,489,329
2023	$31,397,896	$27,908,567	$37,980,008	$3,489,329
2022	$32,806,774	$28,644,170	$39,685,764	$4,162,604
2021	$33,596,590	$27,571,707	$35,179,292	$6,024,883
2020	$26,779,843	$23,467,064	$30,269,488	$3,312,779
2019	$25,052,106	$21,861,629	$25,545,864	$3,190,477
2018	$23,162,389	$20,765,078	$22,776,853	$2,397,311

UPCAP SERVICES INC