Care Net Pregnancy & Family Services of Puget Sound 
The information on this page was last updated 4/6/2023. If you see errors or omissions, please email: [email protected]
Summary
You deserve a comfortable and confidential place to explore all your pregnancy options without judgment. We are a non-profit clinic staffed with professionals focused on empowering you to navigate your decision with clarity and control.
Contact information
Mailing address:
Care Net Pregnancy & Family Services
1924 S Cedar St
Suite B
Tacoma, WA 98405
Website: carenetps.org
Phone: 253-383-6033
Email: [email protected]
Organization details
EIN: 911226978
CEO/President: Ben Edwards
Chairman: Ben Hull
Board size: 5
Founder:
Ruling year: 1983
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
Care Net offers hope by providing compassionate practical care, accurate information, Biblical Truth, and life-affirming resources for pregnancy, sexual health & integrity, and abortion recovery.
Mission statement
Statement of faith
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 350 of 1077 | 45 of 142 |
| Fund acquisition rating | | 287 of 1078 | 33 of 142 |
| Resource allocation rating | | 142 of 1078 | 31 of 142 |
| Asset utilization rating | | 889 of 1077 | 115 of 142 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 3% | 5% | 5% | 3% | 6% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 3% | 5% | 5% | 3% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 105% | 100% | 100% | 100% | 93% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 5% | 5% | 6% | 3% | 7% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | -5% | 0% | 0% | 0% | 7% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 91% | 88% | 88% | 89% | 81% |
Spending ratio Spending ratio = Total expenses / Total revenue | 87% | 67% | 93% | 93% | 88% | 82% |
Program output ratio Program output ratio = Program services / Total revenue | 69% | 61% | 82% | 82% | 78% | 66% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 13% | 33% | 7% | 7% | 12% | 18% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 18% | 28% | 6% | 7% | 12% | 20% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 4% | 7% | 6% | 8% | 12% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.87 | 0.49 | 0.85 | 0.87 | 0.86 | 0.86 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.60 | 2.11 | 2.23 | 2.66 | 2.86 | 4.22 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 1.04 | 1.89 | 2.33 | 2.48 | 3.62 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.18 | 68.18 | 50.97 | 24.80 | 42.61 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.01 | 0.02 | 0.04 | 0.02 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.75 | 11.42 | 6.22 | 4.95 | 4.73 | 3.32 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 14% | 1% | 2% | 2% | 5% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 1% | 5% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 89% | 176% | 117% | 112% | 113% | 111% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $1,600,965 | $911,956 | $606,072 | $543,010 | $283,618 |
| Receivables, inventories, prepaids | $134,189 | $119,503 | $213,066 | $165,931 | $151,810 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,735,154 | $1,031,459 | $819,138 | $708,941 | $435,428 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,921,645 | $1,263,880 | $1,358,362 | $1,320,049 | $1,245,452 |
| Other long-term assets | $0 | $0 | $0 | $0 | $158,057 |
| Total long-term assets | $1,921,645 | $1,263,880 | $1,358,362 | $1,320,049 | $1,403,509 |
| Total assets | $3,656,799 | $2,295,339 | $2,177,500 | $2,028,990 | $1,838,937 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $25,449 | $20,238 | $33,030 | $16,638 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $25,449 | $20,238 | $33,030 | $16,638 | $0 |
| Debt | $0 | $0 | $6,793 | $15,850 | $84,631 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $475,212 | $0 | $0 | $9,057 | $3,850 |
| Total long-term liabilities | $475,212 | $0 | $6,793 | $24,907 | $88,481 |
| Total liabilities | $500,661 | $20,238 | $39,823 | $41,545 | $88,481 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $2,639,408 | $2,023,040 | $1,959,086 | $1,815,039 | $1,750,456 |
| With donor restrictions | $516,730 | $252,061 | $178,591 | $172,406 | $0 |
| Net assets | $3,156,138 | $2,275,101 | $2,137,677 | $1,987,445 | $1,750,456 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $2,812,395 | $2,082,680 | $2,052,753 | $1,990,233 | $1,792,519 |
| Program service revenue | $0 | $0 | $0 | $0 | $625 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($137,037) | $893 | $378 | $350 | $127,316 |
| Other revenue | $1,945 | $4,032 | $2,085 | $1,310 | $0 |
| Total other revenue | ($135,092) | $4,925 | $2,463 | $1,660 | $127,941 |
| Total revenue | $2,677,303 | $2,087,605 | $2,055,216 | $1,991,893 | $1,920,460 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,628,925 | $1,721,592 | $1,682,481 | $1,558,382 | $1,273,010 |
| Management and general | $77,291 | $131,293 | $112,674 | $142,706 | $187,408 |
| Fundraising | $90,050 | $97,296 | $109,829 | $53,816 | $113,938 |
| Total expenses | $1,796,266 | $1,950,181 | $1,904,984 | $1,754,904 | $1,574,356 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $881,037 | $137,424 | $150,232 | $236,989 | $346,104 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $881,037 | $137,424 | $150,232 | $236,989 | $346,104 |
Compensation
| Name | Title | Compensation |
| Kim Triller | Executive Director | $87,327 |
Compensation data as of: 12/31/2019
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/6/2023. To update the information below, please email: [email protected]