THE CARING PLACE (EIN 900051191) - 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

2001

Legal Domicile

Principal Officer

CORINNE FREEMAN

Phone

4234724414

Tax Period

2024-01-01 to 2024-12-31

THE CARING PLACE, founded in 2001, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $675K, a strong 23% operating margin.

Mission

THE ORGANIZATION IS AN ECUMENICAL, CHRISTIAN NON-PROFIT ORGANIZATION DEDICATED TO ADDRESSING THE BASIC PHYSICAL, SPIRITUAL, AND SOCIAL NEEDS OF THE DISADVANTAGED IN BRADLEY COUNTY, TENNESSEE.

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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 $2,776,181

Program Service Revenue $0

Investment Income $123,757

Other Revenue $6,448

TOTAL REVENUE $2,906,386

Expense Breakdown

Grants Paid $1,269,295

Salaries & Benefits $551,352

Fundraising Expenses $11,624

Program Expenses $2,158,903

Other Expenses $410,488

TOTAL EXPENSES $2,231,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,906,386	$2,252,645	+0.3%
Expenses	$2,231,135	$1,546,752	+0.4%
Net Income	$675,251	$705,893	0.0%

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

925

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

$58,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
ANDY BENDER	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN KRAFT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MCCORD	DIRECTOR	1.00	Director	$0	$0	$0
ANTOINETTE MILES	DIRECTOR	1.00	Director	$0	$0	$0
ERIC GARNER	DIRECTOR	1.00	Director	$0	$0	$0
GARY RIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
TOM HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
RASHARON KING	DIRECTOR	1.00	Director	$0	$0	$0
TIM POTEET	DIRECTOR	1.00	Director	$0	$0	$0
TODD STEVISON	DIRECTOR	1.00	Director	$0	$0	$0
NATE TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
CORINEE FREEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$58,758	$0	$58,758
SARAH COLEMAN	DEVELOPMENT CHAIR	1.00	Officer	$0	$0	$0
TERRY DENNISTON	VICE CHAIR	1.00	Officer	$0	$0	$0
GEORGE NERREN	PERSONNEL COMMITTEE CHAIR	1.00	Officer	$0	$0	$0
STEVE SMARTT	CHAIRMAN	1.00	Officer	$0	$0	$0
DEWAYNE THOMPSON	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$2,906,386	$2,231,135	$5,819,702	$675,251
2023	$2,252,645	$1,546,752	$5,399,637	$705,893
2022	$2,583,810	$1,440,195	$2,180,510	$1,143,615
2021	$1,437,058	$1,185,061	$1,034,393	$251,997
2020	$1,128,547	$1,018,014	$776,550	$110,533
2019	$861,305	$760,781	$667,862	$100,524
2018	$847,442	$753,013	$566,024	$94,429

THE CARING PLACE