Platinum Care Inc

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Platinum Care Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Platinum Care Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Platinum Care Inc in one place.

Is Platinum Care Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Platinum Care Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Platinum Care Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Platinum Care Inc

Platinum Care Inc (EIN: 204399129) is a nonprofit organization based in Saline, MI, classified under NTEE code P73. The organization reported total revenue of $1.6M and total assets of $694K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Platinum Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Platinum Care Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Platinum Care Inc reported a surplus of $165K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Platinum Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Platinum Care Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Platinum Care Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $165K, with revenue exceeding expenses.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with over $1 million in annual revenue and suggests a very lean administrative overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Platinum Care Inc's IRS 990 filings:

• Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
• Unusually low (0%) reported officer compensation for an organization of its size, which might warrant further inquiry into how leadership is supported or structured.

Strengths

The following positive indicators were identified for Platinum Care Inc:

• Consistent revenue growth from $552,220 in 2014 to $1,238,180 in 2023.
• Strong financial stability with zero reported liabilities across all 13 filings.
• Healthy and growing asset base, increasing from $30,965 to $566,154 over the past decade.
• Excellent spending efficiency, with expenses consistently below revenue.
• High transparency through consistent IRS 990 filings over 13 periods.

Frequently Asked Questions about Platinum Care Inc

Filing History

IRS 990 filing history for Platinum Care Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Platinum Care Inc's revenue has grown by 145.2%, moving from $505K to $1.2M. Total assets increased by 1592.4% over the same period, from $33K to $566K. Total functional expenses rose by 127.7%, from $472K to $1.1M. In its most recent filing year (2023), Platinum Care Inc reported a surplus of $165K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $566K (revenue +18.0% year-over-year).
• 2022: Revenue of $1.0M, expenses of $943K, and assets of $401K (revenue +10.4% year-over-year).
• 2021: Revenue of $951K, expenses of $853K, and assets of $295K (revenue +35.2% year-over-year).
• 2020: Revenue of $703K, expenses of $698K, and assets of $197K (revenue +15.3% year-over-year).
• 2019: Revenue of $610K, expenses of $612K, and assets of $204K (revenue -14.8% year-over-year).
• 2018: Revenue of $716K, expenses of $661K, and assets of $205K (revenue +19.7% year-over-year).
• 2017: Revenue of $598K, expenses of $544K, and assets of $151K (revenue +8.7% year-over-year).
• 2016: Revenue of $550K, expenses of $464K, and assets of $97K (revenue -1.4% year-over-year).
• 2015: Revenue of $558K, expenses of $510K, and assets of $79K (revenue +1.0% year-over-year).
• 2014: Revenue of $552K, expenses of $563K, and assets of $31K (revenue +12.2% year-over-year).
• 2013: Revenue of $492K, expenses of $500K, and assets of $41K (revenue +12.8% year-over-year).
• 2012: Revenue of $436K, expenses of $419K, and assets of $51K (revenue -13.6% year-over-year).
• 2011: Revenue of $505K, expenses of $472K, and assets of $33K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Platinum Care Inc:

Data Sources and Methodology

This transparency report for Platinum Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.