CARITAS COMMUNITIES INC (EIN 042875899) - 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

1985

Legal Domicile

Principal Officer

FRANK CONNELL

Phone

7818431242

Tax Period

2023-01-01 to 2023-12-31

CARITAS COMMUNITIES INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2023. Expenses of $6.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

HOMELESSNESS PREVENTION THROUGH HOUSING WITH SUPPORT FOR VERY LOW INCOME INDIVIDUALS IN GREATER BOSTON.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,113,462

Program Service Revenue $3,362,974

Investment Income $65,901

Other Revenue $260,157

TOTAL REVENUE $5,802,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,039,500

Fundraising Expenses $0

Program Expenses $6,357,610

Other Expenses $3,415,514

TOTAL EXPENSES $6,455,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,802,494	$5,401,500	+0.1%
Expenses	$6,455,014	$6,746,293	0.0%
Net Income	$-652,520	$-1,344,793	-0.5%

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

N/A

Volunteers

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

$591,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CHURCHILL	CHAIRMAN	0.80	Officer Director	$0	$0	$0
ROBERLYNE CHERFILS	VICE CHAIR	0.80	Officer Director	$0	$0	$0
ROBERT MAULDEN	TREASURER	0.80	Officer Director	$0	$0	$0
MAURA MURPHY	CLERK	0.80	Officer Director	$0	$0	$0
MICHAEL BINETTE	DIRECTOR	0.80	Director	$0	$0	$0
YASMINE BOUCHRARA	DIRECTOR	0.80	Director	$0	$0	$0
JOHN BRENNAN III	DIRECTOR	0.80	Director	$0	$0	$0
KATIE CATLENDER	DIRECTOR	0.80	Director	$0	$0	$0
R DUANE CLARK II	DIRECTOR	0.80	Director	$0	$0	$0
TIM CORCORAN	DIRECTOR	0.80	Director	$0	$0	$0
OLIVIA GOUGH	DIRECTOR	0.80	Director	$0	$0	$0
DAVID GREENBLATT	DIRECTOR	0.80	Director	$0	$0	$0
DARSHI DUPEE	DIRECTOR	0.80	Director	$0	$0	$0
WILLIAM MCLAUGHLIN	DIRECTOR	0.80	Director	$0	$0	$0
KEVIN O'FLAHERTY ESQ	DIRECTOR	0.80	Director	$0	$0	$0
TOM PALMER	DIRECTOR	0.80	Director	$0	$0	$0
MICHAEL C LEE	FORMER CFO	35.00	Officer	$125,929	$5,994	$131,923
KARIN CASSEL MITTERANDO	FORMER EXECUTIVE DIRECTOR	35.00	Officer	$134,555	$16,933	$151,488
FRANK CONNELL	EXECUTIVE DIRECTOR	35.00	Officer	$121,744	$29,252	$150,996
GREG RITTCHEN	CFO	35.00	Officer	$146,908	$10,264	$157,172
AMY MENEELY	DIRECTOR OF FUND DEV. & COMM.	35.00	Highest	$107,491	$2,308	$109,799
THOMAS M NEE	SENIOR DIRECTOR OF OPERATIONS	35.00	Highest	$119,935	$29,252	$149,187

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
2024	No data	No data	No data	No data
2023	$5,802,494	$6,455,014	$19,363,168	$-652,520
2023	$5,235,031	$6,499,545	$17,116,464	$-1,264,514
2022	$5,401,500	$6,746,293	$16,918,406	$-1,344,793
2022	$4,590,860	$5,744,725	$17,370,554	$-1,153,865
2021	$5,716,151	$6,689,794	$16,422,870	$-973,643
2020	$6,861,868	$6,652,055	$17,924,765	$209,813
2019	$5,740,667	$5,789,984	$24,210,567	$-49,317
2018	$4,278,222	$4,969,027	$25,000,617	$-690,805

CARITAS COMMUNITIES INC