CARES OF FARMINGTON HILLS INC (EIN 822881774) - 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

2017

Legal Domicile

Tax Period

2020-09-01 to 2021-08-31

CARES OF FARMINGTON HILLS INC, founded in 2017, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $485K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $85K, a strong 18% operating margin.

Mission

TO PROVIDE COMPREHENSIVE SUPPORT SERVICES FOR INDIVIDUALS AND FAMILIES THAT ARE IN NEED OF EVERYDAY NECESSITIES DUE TO INSUFFICIENT FINANCIAL RESOURCES OR FAMILY INSTABILTY. C.A.R.E.S. WILL OFFER FOOD, CLOTHING, JOB EDUCATION AND TRAINING AND ACCESS TO OTHER SUPPORT ACTIVITIES

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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 $470,498

Program Service Revenue $0

Investment Income $0

Other Revenue $14,787

TOTAL REVENUE $485,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,724

Fundraising Expenses $0

Program Expenses $85,916

Other Expenses $384,564

TOTAL EXPENSES $400,288

Year-over-Year Comparison

	2020	2019	Change
Revenue	$485,285	$584,269	-0.2%
Expenses	$400,288	$346,928	+0.2%
Net Income	$84,997	$237,341	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK KRANIAK	DIRECTOR	0.00	Director	$0	$0	$0
TERESA JERGOVICH	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD LERNER	DIRECTOR	0.00	Director	$0	$0	$0
MARK ZIGLER	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK MCELROY	DIRECTOR	0.00	Director	$0	$0	$0
MARK GREEN	DIRECTOR	0.00	Director	$0	$0	$0
JILL ADAMS	DIRECTOR	0.00	Director	$0	$0	$0
ELAINE GROHMAN	DIRECTOR	5.00	Director	$0	$0	$0
KATHY BROWN	DIRECTOR	0.00	Director	$0	$0	$0
ANNETTE COMPO	DIRECTOR	0.00	Director	$0	$0	$0
DOUG BUSCH	DIRECTOR	0.00	Director	$0	$0	$0
TODD LIPA	EXECUTIVE DIRECTOR	0.00	Officer	$0	$0	$0
KEN MASSEY	PRESIDENT	0.00	Officer	$0	$0	$0
NANCY GAUGHAN	RECORDING SECRETARY	0.00	Officer	$0	$0	$0
ROBERT BUTTON	TREASURER	0.00	Officer	$0	$0	$0
JERRY ELLIS	VICE PRESIDENT	0.00	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
2021	$485,285	$400,288	$860,837	$84,997
2020	$584,269	$346,928	$782,520	$237,341
2019	$296,402	$281,951	$539,179	$14,451

CARES OF FARMINGTON HILLS INC