CPS CARES INC

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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

2020

Legal Domicile

Principal Officer

PETER GOLOTKO

Phone

8636881725

Tax Period

2024-01-01 to 2024-12-31

CPS CARES INC, founded in 2020, is a small nonprofit that reported $134K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $80K, a strong 59% operating margin.

Mission

THE FUNDING OF LOCAL TAX EXEMPT ORGANIZATIONS ENGAGED IN SERVICES FOR VETERANS, HOMELESS, ELDERLEY, AND MENTALLY ILL INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $52,912

ORGANIZING AND IMPLEMENTING CHARITABLE PROJECTS AS MAY BE WORTHY AND SUPPORTIVE OF THE ENTITY'S MISSION. THIS INCLUDES DONATIONS TO 501(C)(3) CHARITIES, SUCH AS TALBOT HOUSE MINISTRIES, LAKELAND...

ORGANIZING AND IMPLEMENTING CHARITABLE PROJECTS AS MAY BE WORTHY AND SUPPORTIVE OF THE ENTITY'S MISSION. THIS INCLUDES DONATIONS TO 501(C)(3) CHARITIES, SUCH AS TALBOT HOUSE MINISTRIES, LAKELAND VOLUNTEERS IN MEDICINE INC, JBLT SOCCER INC, PEACE RIVER CENTER FOR PERSONAL DEVELOPMENT INC, POLK EDUCATION FOUNDATION & BUSINESS PARTNERSHIP INC, LAKELAND SYMPHONY ORCHESTRA, CENTRAL FLORIDA SPEECH & HEARING CENTER'S MR. CENTRAL FLORIDA EVENT AND MANY OTHERS.

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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 $136,347

Program Service Revenue $0

Investment Income $7,576

Other Revenue $-10,149

TOTAL REVENUE $133,774

Expense Breakdown

Grants Paid $52,237

Salaries & Benefits $0

Fundraising Expenses $996

Program Expenses $52,912

Other Expenses $2,003

TOTAL EXPENSES $54,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,774	$183,707	-0.3%
Expenses	$54,240	$335,370	-0.8%
Net Income	$79,534	$-151,663	-1.5%

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
NOLEN BAILEY	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER GOLOTKO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL RISKIN	VICE PRESIDE	1.00	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	$133,774	$54,240	$179,774	$79,534
2023	$183,707	$335,370	$90,649	$-151,663
2022	$51,771	$126,604	$242,595	$-74,833
2021	$468,155	$404,690	$436,193	$63,465