PACE SOUTHEAST MICHIGAN F/K/A CENTER FOR SENIOR INDEPENDENCE (EIN 900659735) - 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

2011

Legal Domicile

Principal Officer

MARY KUMMER NABER

Phone

2485569132

Tax Period

2023-01-01 to 2023-12-31

PACE SOUTHEAST MICHIGAN F/K/A CENTER FOR SENIOR INDEPENDENCE, founded in 2011, is a major nonprofit in the Health Care sector that reported $171.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PACE SOUTHEAST MICHIGAN (PACE) IS AN ALTERNATIVE TO NURSING HOME CARE FOR THE FRAIL AND ELDERLY. THE GOAL IS TO HELP INDIVIDUALS REMAIN INDEPENDENT IN THEIR OWN HOMES AND COMMUNITIES AND TO PROVIDE RESPITE AND ASSISTANCE TO FAMILY CAREGIVERS. PACE IS A PROGRAM WHICH PROVIDES COMPREHENSIVE MEDICAL AND SUPPORTIVE SERVICES. THE INTERDISCIPLINARY TEAM AT PACE ASSESSES POTENTIAL PARTICIPANTS AND DEVELOPS A PERSON-CENTERED CARE PLAN - CUSTOMIZING SERVICES TO MEET INDIVIDUALS' NEEDS. FREQUENT CONTACTS WITH PARTICIPANTS AND REGULAR REVIEWS OF THE CARE PLAN ENSURE THAT PARTICIPANTS' NEEDS ARE BEING MET. PACE SEEKS TO FORM A PARTNERSHIP WITH THE PARTICIPANT AND CAREGIVERS TO PROMOTE INDEPENDENCE AND QUALITY OF LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,114,873

Program Service Revenue $169,923,527

Investment Income $472,192

Other Revenue $332,208

TOTAL REVENUE $171,842,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,719,186

Fundraising Expenses $0

Program Expenses $152,498,490

Other Expenses $120,714,907

TOTAL EXPENSES $173,434,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,842,800	$151,770,535	+0.1%
Expenses	$173,434,093	$147,024,466	+0.2%
Net Income	$-1,591,293	$4,746,069	-1.3%

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

978

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

$450,426

Total Directors

$450,426

Key Employees

$325,913

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY KUMMER NABER	PRESIDENT/TRUSTEE	40.00	Officer Director	$421,049	$29,377	$450,426
BRIAN W CARNAGHI	TRUSTEE/TREASURER (THRU 3/2023)	1.00	Officer Director	$0	$0	$0
ROGER L MYERS	TRUSTEE- CHAIR	1.00	Officer Director	$0	$0	$0
DAVID F SHEPHERD	TRUSTEE- VICE CHAIR	1.00	Officer Director	$0	$0	$0
J DOUGLAS CLARK	TRUSTEE/TREASURER (START 3/2023)	1.00	Officer Director	$0	$0	$0
SUSAN S HAWKINS	TRUSTEE	1.00	Director	$0	$0	$0
N CHARLES ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE D BLALOCK	TRUSTEE	1.00	Director	$0	$0	$0
SEAN DRAKE MD	TRUSTEE	1.00	Director	$0	$0	$0
KATRINA R SUMMERSETT RN	TRUSTEE	1.00	Director	$0	$0	$0
MANU K MALHOTRA MD	TRUSTEE	1.00	Director	$0	$0	$0
BRENDA L LAWRENCE	TRUSTEE(THRU 5/2023)	1.00	Director	$0	$0	$0
MARJORIE A STATEN JD	SECRETARY (START 9/2023)	1.00	Officer	$0	$0	$0
MICHELLE JOHNSON TIDJANI ESQ	SECRETARY (THRU 9/2023)	1.00	Officer	$0	$0	$0
JEFFREY G BURMEISTER	C.F.O	40.00	Key Emp	$290,177	$35,736	$325,913
ELLEN ROTBLATT MD	PHYSICIAN	40.00	Highest	$290,178	$19,388	$309,566
GEROHNDA L RUSHTON DO	PHYSICIAN	40.00	Highest	$252,253	$17,825	$270,078
AMY KATZ	VP STRATEGIC GROWTH,	40.00	Highest	$216,271	$33,406	$249,677
HEM P MOHINDRA MD	PHYSICIAN	40.00	Highest	$219,284	$35,088	$254,372
DONNA M EMCH	VP PARTICIPANT CARE	40.00	Highest	$243,458	$11,521	$254,979

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	No data	No data	No data	No data
2023	$171,842,800	$173,434,093	$70,545,512	$-1,591,293
2022	$151,770,535	$147,024,466	$65,863,489	$4,746,069
2021	$125,025,074	$125,504,425	$30,594,082	$-479,351
2020	$113,115,116	$106,097,424	$30,503,880	$7,017,692
2019	$84,875,871	$84,141,674	$21,353,311	$734,197
2018	$63,216,348	$61,336,540	$17,146,483	$1,879,808

PACE SOUTHEAST MICHIGAN F/K/A CENTER FOR SENIOR INDEPENDENCE