Health Care
(E92)
IRS Verified
DX Registered
990 on File
PACE SOUTHEAST MICHIGAN
Financial strength (30%)
67/100
Reliability (20%)
50/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$198.9M
Total Revenue
$204.2M
Total Expenses
$11.4M
Net Assets
1332
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.4%
Fundraising Efficiency
N/A
Operating Reserve
0.67x
Liability-to-Asset
83.1%
Revenue Diversification
97.6%
Executive Compensation
$505K
Compared with Peers
FY 2024
Compared with 938 similar organizations
(United States, Health Care, $100M and over in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.4% | 87.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.6% | 12.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.7 mo | 6.1 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
83.1% | 44.5% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.6% | 96.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
15.7% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.7% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.7% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $198.9M | $204.2M | $11.4M | 88.4% | 1332 |
| 2023 | $171.8M | $173.4M | $19.1M | 87.9% | 978 |
| 2022 | $151.8M | $147.0M | $20.2M | 87.7% | 910 |
| 2021 | $125.1M | $125.5M | N/A | — | 760 |
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