CHARLES RIVER ASSOCIATION FOR RETARDED CITIZENS INC (EIN 042393108) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

ANNE-MARIE BAJWA

Phone

7819721000

Tax Period

2024-07-01 to 2025-06-30

CHARLES RIVER ASSOCIATION FOR RETARDED CITIZENS INC, founded in 1964, is a mid-sized nonprofit that reported $46.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $41.4M left a modest 10% surplus.

Mission

TO EMPOWER AND SUPPORT PEOPLE WITH DEVELOPMENTAL DISABILITIES BY OFFERING HIGH-QUALITY, INDIVIDUALIZED OPPORTUNITIES THAT FOSTER INDEPENDENCE AND COMMUNITY INCLUSION. WE PROVIDE DAY, RESIDENTIAL AND EDUCATIONAL SERVICES. WE FOCUS ON DEVELOPING AN INDIVIDUAL'S INDEPENDENCE, POSITIVE SELF-IMAGE AND COMMUNITY INTEGRATION BY OFFERING A VARIETY OF VOCATIONAL, SOCIAL, THERAPEUTIC AND RECREATIONAL OPTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,278,401

Program Service Revenue $5,869,413

Investment Income $967,160

Other Revenue $8,106

TOTAL REVENUE $46,123,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,998,429

Fundraising Expenses $350,548

Program Expenses $36,887,790

Other Expenses $9,312,993

TOTAL EXPENSES $41,371,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,123,080	$38,240,966	+0.2%
Expenses	$41,371,422	$36,970,250	+0.1%
Net Income	$4,751,658	$1,270,716	+2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

652

Volunteers

140

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$672,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE TAYLOR	CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD ZIMBONE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA CHASTON	TREASURER	1.00	Officer Director	$0	$0	$0
RAYMOND BRASSARD	CLERK	1.00	Officer Director	$0	$0	$0
RICHARD NECKES	MEMBER	1.00	Director	$0	$0	$0
GILBERT W COX JR	MEMBER	1.00	Director	$0	$0	$0
WILLIAM DAY	MEMBER	1.00	Director	$0	$0	$0
PHILIP ROBEY	MEMBER	1.00	Director	$0	$0	$0
NICOLE GOWE	MEMBER	1.00	Director	$0	$0	$0
LESLIE LOCKHART	MEMBER	1.00	Director	$0	$0	$0
CLARE DUNSFORD	MEMBER	1.00	Director	$0	$0	$0
GERALD MCTERNAN	MEMBER	1.00	Director	$0	$0	$0
JILL FADULE	MEMBER	1.00	Director	$0	$0	$0
RICHARD LAWLESS	MEMBER	1.00	Director	$0	$0	$0
JOHN HESSION	MEMBER	1.00	Director	$0	$0	$0
JOSEPH BREITFELDER	MEMBER (UNTIL 2/25)	1.00	Director	$0	$0	$0
ANNE-MARIE BAJWA	PRESIDENT AND CEO	34.00	Officer	$288,204	$65,900	$354,104
ANNA BRODZIAK	CFO (UNTIL 8/24)	34.00	Officer	$147,269	$15,900	$163,169
KEVIN SALERA	COO	34.00	Officer	$154,081	$891	$154,972
JAMES SULLIVAN	INTERIM CFO (AS OF 7/24)	34.00	Officer	$0	$0	$0
DENISE VOJACKOVA-KARAMI	VP OF RESIDENTIAL SERVICES	40.00	Highest	$115,514	$25,063	$140,577
KEVIN KACAVICH	VP OF HUMAN RESOURCES	40.00	Highest	$121,449	$0	$121,449
MAGALIE LOUIS	RESIDENTIAL COUNSELOR	40.00	Highest	$106,516	$14,542	$121,058
SABINE THEVENIN	APD RESIDENTIAL	40.00	Highest	$100,705	$14,542	$115,247
HILARY RYAN	VP OF DEVELOPMENT	40.00	Highest	$112,548	$1,776	$114,324

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$46,123,080	$41,371,422	$60,094,179	$4,751,658
2024	$38,240,966	$36,970,250	$54,149,913	$1,270,716
2023	$40,269,058	$33,218,751	$51,152,043	$7,050,307
2022	$32,274,247	$31,512,144	$42,115,344	$762,103
2021	$30,217,489	$27,382,654	$42,693,411	$2,834,835
2020	$27,521,636	$27,819,588	$39,076,000	$-297,952
2019	$27,461,868	$25,842,718	$36,592,447	$1,619,150

CHARLES RIVER ASSOCIATION FOR RETARDED CITIZENS INC