PACE North (EIN 814749395) - 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

2016

Legal Domicile

Principal Officer

Nicole Farkas

Phone

2312522767

Tax Period

2024-01-01 to 2024-12-31

PACE North, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $20.9M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $20.0M left a modest 4% surplus.

Mission

A provider of the Program of All-Inclusive Care for the Elderly (PACE) which is a community-based, long-term care delivery program that provides comprehensive, coordinated, managed care to eligible participants.

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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 $153,556

Program Service Revenue $20,628,586

Investment Income $115,266

Other Revenue $0

TOTAL REVENUE $20,897,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,788,892

Fundraising Expenses $0

Program Expenses $16,722,449

Other Expenses $14,199,556

TOTAL EXPENSES $19,988,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,897,408	$16,126,633	+0.3%
Expenses	$19,988,448	$15,895,436	+0.3%
Net Income	$908,960	$231,197	+2.9%

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

129

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

$225,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Aderholdt	President	5.00	Officer Director	$0	$0	$0
Korvyn Hansen	Treasurer	5.00	Officer Director	$0	$0	$0
Cecil Mcnally	Director	2.00	Director	$0	$0	$0
Linda Root	Director	2.00	Director	$0	$0	$0
Mary Marios	Director	2.00	Director	$0	$0	$0
Greg Kish	Director	2.00	Director	$0	$0	$0
Bob Schlueter	Secretary	2.00	Director	$0	$0	$0
Gerard Bodalski	Director	2.00	Director	$0	$0	$0
Mark Byland	Medical Director	40.00	Highest	$258,870	$0	$258,870
John Jacobs	Finance Director	40.00	Officer	$86,400	$0	$86,400
Nicole Farkas	Executive Director	40.00	Officer	$139,000	$0	$139,000

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	$20,897,408	$19,988,448	$9,371,707	$908,960
2023	$16,126,633	$15,895,436	$9,106,680	$231,197
2022	$13,537,801	$13,225,911	$9,110,414	$311,890
2021	$8,929,396	$9,190,002	$7,443,646	$-260,606
2020	$3,931,052	$5,191,069	$5,281,171	$-1,260,017
2019	$631,909	$1,951,080	$5,554,629	$-1,319,171

PACE North