ASSOCIA CARES INC (EIN 205832439) - 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

2005

Legal Domicile

Principal Officer

ANDREW FORTIN

Phone

2142724095

Tax Period

2024-01-01 to 2024-12-31

ASSOCIA CARES INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $941K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $852K left a modest 9% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO ASSIST FAMILIES AND COMMUNITIES IN CRISIS AS A RESULT OF NATURAL AND MAN-MADE DISASTERS.

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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 $894,354

Program Service Revenue $0

Investment Income $47,108

Other Revenue $0

TOTAL REVENUE $941,462

Expense Breakdown

Grants Paid $453,955

Salaries & Benefits $258,205

Fundraising Expenses $142,920

Program Expenses $544,533

Other Expenses $140,108

TOTAL EXPENSES $852,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$941,462	$1,132,750	-0.2%
Expenses	$852,268	$816,065	+0.0%
Net Income	$89,194	$316,685	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW FORTIN	CHAIRMAN AND PRESIDENT	5.00	Officer Director	$0	$0	$0
HELEN EDEN CARONA	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFF GOURLIE	DIRECTOR	5.00	Director	$0	$0	$0
FAITH HATTIER	DIRECTOR	5.00	Director	$0	$0	$0
MATT STEELE	DIRECTOR	5.00	Director	$0	$0	$0
BRYANT PHILLIPS	DIRECTOR	5.00	Director	$0	$0	$0
PAULI WONG	DIRECTOR	5.00	Director	$0	$0	$0
LUANNE CRILLY	DIRECTOR	5.00	Director	$0	$0	$0
MARK DODGE	DIRECTOR	5.00	Director	$0	$0	$0
BRYCE ROSS	DIRECTOR	5.00	Director	$0	$0	$0
ALEXANDRA TURNER	DIRECTOR	5.00	Director	$0	$0	$0
NORMA DEAN	TREASURER	5.00	Officer	$0	$0	$0

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	$941,462	$852,268	$2,949,684	$89,194
2023	$1,132,750	$816,065	$3,213,601	$316,685
2022	$714,116	$486,686	$2,559,489	$227,430
2021	$579,624	$298,396	$2,362,319	$281,228
2020	$453,734	$449,647	$1,933,891	$4,087
2019	$701,445	$398,574	$1,948,198	$302,871
2018	$515,831	$534,500	$1,659,530	$-18,669

ASSOCIA CARES INC