FAC Explorer

Audit 402402

FY End
2025-12-31
Total Expended
$6.46M
Findings
2
Programs
1
Organization: Baldwin Care Center, Inc. (WI)
Year: 2025 Accepted: 2026-05-28
Auditor: WIPFLI LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1215725 2025-003 Material Weakness Yes N
1215726 2025-003 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $2.28M Yes 1

Contacts

Name Title Type
Z9CJYYEJ99L3 Mariah Voeltz Auditee
7156843231 Joshua Boyle Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Baldwin Care Center, Inc. (the “Facility”). The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Facility, it is not intended to and does not present the financial position, changes in assets, or cash flows of the Facility.
The Facility passed no federal awards through to subrecipients.
The Facility’s balance of the USDA and USDA guaranteed loans as of December 31, 2025, was $6,231,494. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. There were no new loans received during the year ended December 31, 2025.

Finding Details

Finding 2025-003
Finding 2025-003 - Noncompliance with Required Debt Covenant Financial Ratio Condition: As of December 31, 2025, the Facility’s debt service coverage ratio was 1.14, which is below the Facility’s required ratio under their debt agreement covenant of at least 1.25 to 1.00. Criteria: Under the terms of the Facility’s October 1, 2012, debt indenture agreement for the loan with Compeer Financial Agricultural Credit Association that is a USDA guaranteed loan, the Facility is required to maintain a debt service coverage ratio of at least 1.25 to 1.00 measured annually based upon the audited financial statements. Cause: The Facility’s level of revenue in excess of expenses for the year ended December 31, 2025, compared to current future debt payments resulted in not meeting the debt service coverage ratio debt covenant requirement of at least 1.25 to 1.00 as of December 31, 2025. Effect: The Facility’s debt service coverage ratio as of December 31, 2025, was below the required level. Recommendation: We recommend management put processes into place to evaluate the Facility’s resident mix and increase resident days, while continuing to contain related variable and fixed expenses to increase the Facility’s profitability. View of responsible Officials: Management will continue to evaluate the Facility’s resident mix and manage resident days while continuing to contain related variable and fixed expenses to increase the Facility’s profitability.