The Cascade Pace INC FY2024 filing

Tax-deductible

Jackson, MI501(c)(3)Since 2014Human ServicesEIN 46-5362872

To provide participants the care and treatment they need to remain independent and in their home in the community for as long as possible. Most participants are low-income.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$978K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $1.4M a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$978K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.1M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 5 voting members
Worth a look: 1 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.4M
+5% vs prior year
Spent
$21.4M
To programs
87%
Net assets
$5.7M
By yearFY2020–FY2024
Revenue
$23.4M
FY2024▲ +5%
Revenue by fiscal year
FY2020$18.6M
FY2021$19.7M
FY2022$22.3M
FY2024$23.4M
FY2024$26.4M
Expenses
$21.4M
FY2024▲ +7%
Expenses by fiscal year
FY2020$17.0M
FY2021$20.1M
FY2022$19.9M
FY2024$21.4M
FY2024$25.5M
Net assets
$5.7M
FY2024▲ +57%
Net assets by fiscal year
FY2020$605K
FY2021$226K
FY2022$3.6M
FY2024$5.7M
FY2024$6.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $18.6M Management & general 13% · $2.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $978K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Medical Director
$239,949Pt VII · Sec A
Primary Care Physician
$234,800Pt VII · Sec A
Executive Director - Start Jan 2024
$137,009Pt VII · Sec A
Physician Assistant
$135,339Pt VII · Sec A
Physical Therapist
$124,417Pt VII · Sec A
Executive Director - Part Year
$106,411Pt VII · Sec A
$0Pt VII · Sec A
Treasurer - Part Year
$0Pt VII · Sec A

Aram Koltookian’s $256K as Primary Care Physician is at the 65th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Aram Koltookian$255,983$234,800$281,757$248,686$208,053
Michael Foust$243,548$239,949$211,680——
Susan Decker—$106,411$191,130$174,786$165,116
Susan Smith————$182,281
Zakari Tata———$154,288$106,499
Robyn Abbey-Hardesty$153,133$137,009$111,539—$101,524
Lisa Barancin$138,408$135,339$140,174——
Cynthia Mercier$127,216$124,417$128,896$115,981$114,138

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Cascade Pace INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income seniors get care to stay independent at home.

Provided by the organization

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1 program service account for $18.6M of program spending, described in the organization's own filed words · FY2023.
01

To provide participants the care and treatment they need to remain independent and in their home in the community for as long as possible. Most participants are low-income.

$18.6Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$23.4M
Ln 12
Fees for servicesLn 2g$23.3M
Other incomeLn 4–11$31K
Gifts and grantsLn 1h$28K
Money outPt IX
$21.4M
Ln 25
Programscol B$18.6M
Managementcol C$2.7M
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$9.8M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Government grantsLn 1e$25K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$23.3M
Investment incomeLn 3$2K
Other incomeLn 4–11$31K
Total revenueLn 12$23.4M
Assets in detailPt X, end of year
CashLn 1$4.6M
Cash and savings togetherLn 1–2$4.6M
Land, buildings, equipmentLn 10c$4.5M
Total assetsLn 16$9.8M
LiabilitiesLn 26$4.1M
Net assetsLn 32$5.7M
OperationsPt I, VI
EmployeesI 5148
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.9M$4.6M
Land, buildings, equipmentLn 10c$4.6M$4.5M
Total assetsLn 16$9.6M$9.8M
LiabilitiesLn 26$5.9M$4.1M
Net assetsLn 32$3.6M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$243K$0$243K$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$5.0M$4.3M$710K$0
Pension plan contributionsLn 8$112K$89K$23K$0
Other employee benefitsLn 9$711K$581K$130K$0
Payroll taxesLn 10$371K$307K$63K$0
Management feesLn 11a$916K$0$916K$0
Legal feesLn 11b$72K$0$72K$0
Accounting feesLn 11c$26K$0$26K$0
Lobbying feesLn 11d$7K$6K$636
Other fees for servicesLn 11g$9.1M$8.9M$290K$0
Office expensesLn 13$28K$26K$3K$0
Information technologyLn 14$181K$164K$17K$0
OccupancyLn 16$89K$84K$5K$0
TravelLn 17$216K$203K$13K$0
InterestLn 20$78K$71K$7K$0
Depreciation, depletion and amortizationLn 22$294K$266K$28K$0
InsuranceLn 23$176K$0$176K$0
Other expenses (24a–d)Ln 24$3.7M$3.7M$12K$0
All other expensesLn 24e$10K$2K$8K$0
Total functional expensesLn 25$21.4M$18.6M$2.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $23.4M$21.4M$2.0M$5.7M 990 PDF
FY2023 Not on file
FY2022 $22.3M$19.9M$2.4M$3.6M 990 PDF
FY2021 $19.7M$20.1M−$379K$226K 990 PDF
FY2020 $18.6M$17.0M$1.6M$605K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $23,405,161 across 14 lines filed
Lines not itemized here account for $1,357 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$24,784
VIII-1f All other contributions, gifts and grants$3,285
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$28,069
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,343,994 · Unrelated business $0 · Excluded from tax $0$23,343,994
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,221$2,221
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $3,718 · Excluded from tax $3,492$7,210
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,310 · Unrelated business $0 · Excluded from tax $0$22,310
VIII-12 Total revenueRelated to mission $23,367,661 · Unrelated business $3,718 · Excluded from tax $5,713$23,405,161
Part IX · Statement of functional expenses $21,362,721 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $243,331 · Fundraising $0$243,331
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,269,876 · Management $710,153 · Fundraising $0$4,980,029
IX-8 Pension plan contributionsPrograms $89,390 · Management $22,800 · Fundraising $0$112,190
IX-9 Other employee benefitsPrograms $580,749 · Management $129,982 · Fundraising $0$710,731
IX-10 Payroll taxesPrograms $307,174 · Management $63,437 · Fundraising $0$370,611
IX-11a Management feesPrograms $0 · Management $915,611 · Fundraising $0$915,611
IX-11b Legal feesPrograms $0 · Management $72,253 · Fundraising $0$72,253
IX-11c Accounting feesPrograms $0 · Management $26,500 · Fundraising $0$26,500
IX-11d Lobbying feesPrograms $6,429 · Management $636$7,065
IX-11g Other fees for servicesPrograms $8,855,693 · Management $289,913 · Fundraising $0$9,145,606
IX-13 Office expensesPrograms $25,722 · Management $2,679 · Fundraising $0$28,401
IX-14 Information technologyPrograms $163,902 · Management $17,073 · Fundraising $0$180,975
IX-16 OccupancyPrograms $83,680 · Management $5,009 · Fundraising $0$88,689
IX-17 TravelPrograms $203,178 · Management $12,640 · Fundraising $0$215,818
IX-20 InterestPrograms $70,710 · Management $7,366 · Fundraising $0$78,076
IX-22 Depreciation, depletion and amortizationPrograms $266,255 · Management $27,735 · Fundraising $0$293,990
IX-23 InsurancePrograms $0 · Management $176,396 · Fundraising $0$176,396
IX-24 Other expenses (24a–d)Programs $3,694,963 · Management $11,861 · Fundraising $0$3,706,824
IX-24e All other expensesPrograms $1,594 · Management $8,031 · Fundraising $0$9,625
IX-25 Total functional expensesPrograms $18,619,315 · Management $2,743,406 · Fundraising $0$21,362,721
Part X · Balance sheet $9,769,552 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,864,789$4,590,758
X-4 Accounts receivableStart of year $34,010$634,366
X-9 Prepaid expenses and deferred chargesStart of year $60,499$19,152
X-10c Land, buildings and equipment, netStart of year $4,596,661$4,525,276
X-16 Total assetsStart of year $9,555,959$9,769,552
X-17 Accounts payable and accrued expensesStart of year $2,530,607$2,326,867
X-19 Deferred revenueStart of year $954,405$0
X-20 Tax-exempt bond liabilitiesStart of year $2,181,675$1,790,473
X-26 Total liabilitiesStart of year $5,946,187$4,117,340
X-27 Net assets without donor restrictionsStart of year $3,609,772$5,652,212
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,609,772$5,652,212
X-33 Total liabilities and net assetsStart of year $9,555,959$9,769,552
Part XI · Reconciliation of net assets $5,652,212 net assets at year end
XI-1 Total revenue$23,405,161
XI-2 Total expenses$21,362,721
XI-3 Revenue less expenses$2,042,440
XI-4 Net assets at start of year$3,609,772
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,652,212

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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