Wednesday, February 12, 2014

SEC Document Research - ResCare


I took a look at ResCare, which is a publicly traded company in several states, including WV. ResCare is supposed to be a ‘not for profit’ company. They have ‘conveniently’ made their assets equal exactly the same as their liabilities and shareholder equity. The document also shows that over nine months in 2013, ResCare had a Gross profit of $300K, however their total ooperating expenses were only 230K. I would love to know where the rest of that money goes to if they are not supposed to be profiting off of their clients.

Here is a link to the Document.

http://www.sec.gov/Archives/edgar/data/776325/000117184313004553/exh_991.htm.

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