CARING PLACE INC

EIN: 411382071 501(c)(3)

FOREST LAKE, MN

Total Revenue
$104,861
Total Expenses
$125,280
Total Assets
N/A
Net Assets
N/A
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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
1982
Legal Domicile
MN
Principal Officer
Linda Murray
Phone
6514643123
Tax Period
2024-01-01 to 2024-12-31

CARING PLACE INC, founded in 1982, is a small nonprofit that reported $105K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 19% operating deficit.

Mission

Licensed childcare center providing an educational environment of love and approval for children 16 months to 12 years of age.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $104,861
Investment Income $0
Other Revenue $0
TOTAL REVENUE $104,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,968
Fundraising Expenses $0
Program Expenses $125,280
Other Expenses $40,312
TOTAL EXPENSES $125,280

Year-over-Year Comparison

2024 2023 Change
Revenue $104,861 $292,372 -0.6%
Expenses $125,280 $292,060 -0.6%
Net Income $-20,419 $312 -66.4%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
5
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
2
$37,950
Total Directors
1
$37,950
Key Employees
1
$37,950
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Allison Donnelly Director 50
Officer Director Key Emp Highest
$37,950 $0 $37,950
Linda Murray Executive Director 0
Officer
$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 $104,861 $125,280 No data $-20,419
2023 $292,372 $292,060 $25,169 $312
2022 $284,468 $289,498 $25,807 $-5,030
2021 $349,560 $346,298 $35,715 $3,262
2020 $374,347 $368,990 $31,603 $5,357
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