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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