CARING PLACE INC (EIN 391615978) - 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

1988

Legal Domicile

Principal Officer

LEANN EDDINGSASS

Phone

2625426388

Tax Period

2020-01-01 to 2020-12-31

CARING PLACE INC, founded in 1988, is a small nonprofit that reported $375K in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year. Expenses of $444K exceeded revenue, resulting in a 18% operating deficit.

Mission

The Caring Place, Inc. is dedicated to promoting wellness and enhancing life for adults who require assistance in the activities of daily living accomplished through two programs Adult Day Services Meals on Wheels.

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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 (2020)

Revenue Breakdown

Contributions & Grants $156,374

Program Service Revenue $218,947

Investment Income $20

Other Revenue $0

TOTAL REVENUE $375,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,852

Fundraising Expenses $2,153

Program Expenses $397,472

Other Expenses $123,610

TOTAL EXPENSES $444,462

Year-over-Year Comparison

	2020	2019	Change
Revenue	$375,341	$462,093	-0.2%
Expenses	$444,462	$459,435	0.0%
Net Income	$-69,121	$2,658	-27.0%

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

Volunteers

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE SCHLAIS	VICE-PRESIDENT	002.00	Officer Director	$0	$0	$0
PENNY GOODYEAR	BOARD MEMBER	002.00	Director	$0	$0	$0
LEANNE EDDINGSAAS	TREASURER	002.00	Officer Director	$0	$0	$0
MIKE EDWARDS	PRESIDENT	002.00	Officer Director	$0	$0	$0
KATHRYN HERMAN	BOARD MEMBER	001.00	Director	$0	$0	$0
RYAN CORCORAN	BOARD MEMBER	001.00	Director	$0	$0	$0
MARY WILD	BOARD MEMBER	001.00	Director	$0	$0	$0
DAN ANDERSON	SECRETARY	002.00	Officer Director	$0	$0	$0
KEVIN CLARK	BOARD MEMBER	001.00	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
2020	$375,341	$444,462	$72,236	$-69,121

CARING PLACE INC