Flatirons Flexcare for Seniors, LLC
2025 Net Operating Income · Cash basis · Prepared from the 2025 transaction register
Green = profit
Purple = revenue
Red = expense
1 · The number
Flatirons operated the business from January 1 to October 20, 2025, the day it sold to Stand Out Home Care Holdings. The result is positive.
| Revenue (cash, Jan 1 – Oct 20) | $1,169,943 |
| Expenses (Jan 1 – Oct 20, incl. $6,000 consulting) | −$1,094,197 |
| Net operating income | +$75,745 |
| Management fee (Nov–Dec, $1,000/mo) | +$2,000 |
| Total 2025 | +$77,745 |
The business was profitable. The $135,000 sale proceeds and the $45,000 Confitone purchase are capital events reported separately — they do not touch this operating P&L. (An earlier draft reported −$48,109 from a mistaken one-sided accrual adjustment; that was a calculation error, not a real result.)
2 · Charts
3 · Revenue & expense detail (Jan 1 – Oct 20)
Revenue by source
| Source | Amount |
|---|---|
| Medicaid | $1,074,819 |
| Private pay | $84,693 |
| Private pay (card) | $10,080 |
| Other | $350 |
| Total revenue | $1,169,943 |
Expenses by category
| Category | Amount |
|---|---|
| Payroll (wages + payroll taxes + fees) | $884,331 |
| Contract labor (1099) | $143,724 |
| Taxes & licenses | $24,063 |
| Professional & legal services | $12,676 |
| Other operating | $12,056 |
| Insurance (incl. workers comp) | $11,347 |
| Consulting (Torchline Holdings) | $6,000 |
| Total expenses | $1,094,197 |
Payroll + contract labor = $1,028,055 — 94% of every expense dollar. Note: ~$62k of October W-2 payroll was miscoded as "Contract labor" in QuickBooks, so true 1099 exposure is lower than shown.
4 · Notes for the CPA / attorney
1. Receivables at close — whether October receivables transferred to Stand Out on Oct 20.
2. Management fee start month — Nov vs. a partial October.
3. Cash basis — this report is cash basis (the filing method). Confirm with the CPA.
4. Capital events — the $135,000 sale and the $45,000 Confitone purchase are balance-sheet items, not P&L.
Source files (same folder):
flexcare-2025-corrected-pl.csv, flexcare-2025-monthly-corrected.csv, flexcare-2025-pl-by-category.csv. Figures are estimates compiled from the transaction register — confirm with a CPA before filing.