Flatirons Flexcare 4 Seniors

2025 financials · documents · links · Markdown
Sale closed Oct 20, 2025
Overview
Tasks
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Markdown
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2025 Net Operating Income
+$77,745
Cash basis · Jan 1–Oct 20
Full-year profit (whole business)
+$120,748
Before the sale split
2025 Revenue (full year)
$1,403,246
Medicaid $1.30M + private
2025 Expenses (full year)
$1,282,498
Incl. $6,000 consulting
Sale proceeds
$135,000
Incoming wire Oct 20
Management fee
$1,000/mo
Nov–Dec 2025 = $2,000

The three reports

$120,748 (full year) → $75,745 (Jan–Oct) → +$77,745 (final, with $2,000 mgmt fee).

Monthly revenue vs expenses (2025)

Expense categories (top)

Priority items

Confirm receivables at close with the CPA
Did AR transfer to Stand Out on Oct 20? Settles the Jan–Oct split.
High
Get close date + AR transfer in writing
Oct 20 wire = validity date; confirm AR went to Stand Out.
High
Reconcile mom's management fees
Prior $15–20k deduction → clean $1k/month ($2k for 2025).
High
Report the $6k consulting on the Torchline side
Taxable income; offsets the Flatirons deduction.
Info

Flatirons — open items

Confirm receivables at close with the CPA
Did AR transfer to Stand Out on Oct 20? Confirms the Jan–Oct revenue split.
High
Get close date + AR transfer in writing
$135k wire landed Oct 20, 2025. Confirm receivables transferred to Stand Out at close.
High
Reconcile management fees
Kerry's earlier ~$15–20k "management fees" → clean $1,000/month ($2,000 Nov–Dec 2025).
High
File Torchline consulting as income
$6,000 consulting (May–Oct) is taxable income on the Torchline Holdings side.
Info
Confirm management-fee start month
Nov vs. partial October — per the management agreement.
Info
Consulting months corrected to May–Oct
6 × $1,000 = $6,000. Done.
Done
Sale cutoff applied (Jan 1–Oct 20)
Nov–Dec + Dec receivable removed to Stand Out. Done.
Done
Report — internal
Report — tax preparer
Financial summary