KARENS HELPING HANDS

🔒

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

1994

Legal Domicile

Principal Officer

Karen Goreta

Phone

3132826158

Tax Period

2024-01-01 to 2024-12-31

KARENS HELPING HANDS, founded in 1994, is a community nonprofit in the Mental Health sector that reported $4.0M in total revenue in fiscal year 2024.

Mission

To operate residential facilities that house and provide social service and health care to individual with mental disability and mental illness in southeast Michigan.

Program Service Accomplishments

Program 1

Expenses: $3,274,996 Revenue: $4,029,215

We cared for all residents in our facility by following psychiatrist prescribed plan of service and provided clean and safe environment together with daily meal, medication management and...

We cared for all residents in our facility by following psychiatrist prescribed plan of service and provided clean and safe environment together with daily meal, medication management and transportation to and from all appointments and social gatherings.

🔒

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 $0

Program Service Revenue $4,019,570

Investment Income $5

Other Revenue $6,641

TOTAL REVENUE $4,026,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,991,165

Fundraising Expenses $0

Program Expenses $3,274,996

Other Expenses $1,036,596

TOTAL EXPENSES $4,027,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,026,216	$3,798,044	+0.1%
Expenses	$4,027,761	$4,117,211	0.0%
Net Income	$-1,545	$-319,167	-1.0%

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

Employees

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

$525,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Goreta	President	60.00	Officer Highest	$525,000	$0	$525,000
Rhonda Edward	Chairperson	0.00	Officer Director	$0	$0	$0
Susan Kudrat	Secretary	0.00	Officer Director	$0	$0	$0
Amy shaw	Treasurer	0.00	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	$4,026,216	$4,027,761	$1,189,560	$-1,545
2023	$3,798,044	$4,117,211	$1,170,287	$-319,167
2022	$2,976,855	$2,971,925	$1,137,514	$4,930
2021	$2,419,180	$2,425,467	$1,148,679	$-6,287
2020	$2,384,160	$2,234,285	$1,102,713	$149,875
2019	$2,592,482	$2,469,802	$987,717	$122,680
2018	$1,895,279	$1,943,424	$893,684	$-48,145