What were the Caring Transitions retained earnings at the end of 2024?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net income | $ 2,720,273 | 2,329,074 | 1,017,523 |
| Retained earnings, beginning | 924,955 | 543,380 | 618,358 |
| Distributions | (1,705,000) | (1,947,499) | (1,092,501) |
| Retained earnings, ending | $ 1,940,228 | 924,955 | 543,380 |
Source: Item 23 — RECEIPT (FDD pages 49–202)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the company's retained earnings at the end of 2024 were $1,940,228. This figure represents the accumulated net income of Caring Transitions that has been retained in the business rather than distributed as dividends.
Retained earnings are an important indicator of a company's financial health and its ability to reinvest in future growth. A positive and growing retained earnings balance suggests that the company is profitable and effectively managing its finances. For a prospective franchisee, this can be a reassuring sign of the franchisor's stability.
In addition, the FDD shows the retained earnings at the beginning of 2024 were $924,955 and distributions totaled $1,705,000. Reviewing these figures in comparison to previous years (2022 and 2023) can provide further insight into Caring Transitions' financial performance and trends.