Cadence Care Network
Nonprofit profile at a glance
- EIN
- 341645670
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Niles, OH, US
- Phone
- 888-245-3340
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Foster Care
Reported finances
- Revenue
- $28,263,202
- Expenses
- $26,516,456
- Assets
- $12,520,692
- Liabilities
- $3,507,947
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JODI RIEDEL-GLASER (PRESIDENT)
- JOHN GRUNDY (VICE PRESIDENT)
- MATT KRESIC (CEO)
Highest reported compensation
- MATT KRESIC (CEO): $220,852 total reported compensation
- NIKUNJ PATEL (COO): $122,631 total reported compensation
- SHANNON HARNICHAR (CHIEF COMPLIANCE OFFICER): $119,205 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Helping People by Providing the Right Services, at the Right Time, and in the Right Place
What it reported doing in 2024
In february 2022, cadence care network was selected by the Ohio department of medicaid ("odm") to implement the Ohio resilience through integrated systems and excellence program ("ohiorise program"), serving as the specialized managed care organization for the state's children with the most complex behavorial health needs through offering and administering the ohiorise plan. Cadence care network is an enrolled medicaid provider that is responsible for delivering cme services for the ohiorise program, including icc/mcc services, 1915c level of care evaluation support, child and adolescent needs and strengths (cans) assessments, and other agreed upon services.
Operating model
- Revenue model
- Other-operating. 86% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.9%; rating input score 76
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.2%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 18% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 17.5% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 17.7% per year; rating input score 100; 86th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 75.9% of revenue deployed · 82.2% of spending went to programs
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $21.8M in reported program spending
- Leadership: top reported pay $221K · 15 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $224K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.