RICHARD J CARON FOUNDATION (EIN 236050680) - 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

1957

Legal Domicile

Principal Officer

JOHN P DRISCOLL

Phone

6106782332

Tax Period

2024-07-01 to 2025-06-30

RICHARD J CARON FOUNDATION, founded in 1957, is a mid-sized nonprofit in the Mental Health sector that reported $92.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $104.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

RECOVERY FOR LIFE

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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 $10,207,904

Program Service Revenue $77,846,272

Investment Income $1,409,355

Other Revenue $2,806,102

TOTAL REVENUE $92,269,633

Expense Breakdown

Grants Paid $2,727,665

Salaries & Benefits $49,950,904

Fundraising Expenses $4,673,480

Program Expenses $86,497,690

Other Expenses $51,589,440

TOTAL EXPENSES $104,280,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,269,633	$85,390,082	+0.1%
Expenses	$104,280,939	$96,434,878	+0.1%
Net Income	$-12,011,306	$-11,044,796	+0.1%

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

672

Volunteers

350

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

$1,070,862

Total Directors

Key Employees

$2,290,256

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BEEBE	CHAIRMAN OF DEVELOPMENT	1.00	Officer Director	$0	$0	$0
PETER CONNORS	CHAIRMAN OF INVESTMENT	1.00	Officer Director	$0	$0	$0
DR THOMAS FLYNN	CHAIRMAN OF THE GOVERANCE	1.00	Officer Director	$0	$0	$0
ANTHONY GRILLO	CHAIRMAN OF FINANCE	1.00	Officer Director	$0	$0	$0
ANGEL HELM	CHAIRMAN OF TREATMENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MAGUIRE	CHAIRMAN OF MARKETING	1.00	Officer Director	$0	$0	$0
MARGUERITE SCHROEDER	CHAIRMAN OF HUMAN RESOURCE	1.00	Officer Director	$0	$0	$0
MARK SKIBBIE	CHAIR, CHAIRMAN OF COMPENS	1.00	Officer Director	$0	$0	$0
WILLIAM P THORNTON JR	CHAIRMAN OF AUDIT, COMPLIA	1.00	Officer Director	$0	$0	$0
ANNE BANVILLE	TRUSTEE	1.00	Director	$0	$0	$0
SHERRI BELKOFF	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BOSCOV	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CASEY	TRUSTEE	1.00	Director	$0	$0	$0
ZAC CLARK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN P FITZSIMONS	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA FUNK	TRUSTEE	1.00	Director	$0	$0	$0
ERIC DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
LINDA CARON DENBY	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS DICK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DUFF	TRUSTEE	1.00	Director	$0	$0	$0
CASEY DUFFY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GALLEN	TRUSTEE	1.00	Director	$0	$0	$0
SHARON HANSON	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL B HUYETT	TRUSTEE	1.00	Director	$0	$0	$0
IRA JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
TODD JACOBUS	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS LEIBOWITZ	TRUSTEE	1.00	Director	$0	$0	$0
LORINA MARSHALL-BLAKE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J MCGLINN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD ROISMAN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN R WALL	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN J ZINTAK III	TRUSTEE	1.00	Director	$0	$0	$0
JOHN P DRISCOLL	CEO, PRESIDENT	39.00	Officer	$636,704	$31,835	$668,539
ROBERT KERTIS TILL 22025	CFO, TREASURER	39.00	Officer	$215,732	$10,787	$226,519
ARNIE STUEBER START 52025	CFO, TREASURER	39.00	Officer	$0	$0	$0
JENNIFER SAVARESE FARR	CORPORATE SECRETARY	39.00	Officer	$167,432	$8,372	$175,804
SEAN D LAVELLE	EXECUTIVE VICE PRESIDENT	39.00	Key Emp	$210,149	$11,605	$221,754
LAURIE MAYER TILL 12025	EXECUTIVE VICE PRESIDENT MARKETING	39.00	Key Emp	$208,418	$10,421	$218,839
DAVID ROTENBERG TILL 42024	EXECUTIVE VICE PRESIDENT	39.00	Key Emp	$272,075	$13,603	$285,678
WILLIAM D TEUTEBERG III	EXECUTIVE VICE PRESIDENT	39.00	Key Emp	$271,493	$13,575	$285,068
ARIELLA JONAS	VICE PRESIDENT	39.00	Key Emp	$200,739	$10,037	$210,776
DAVID SCHULZE	SENIOR VICE PRESIDENT	39.00	Key Emp	$179,113	$8,955	$188,068
ERIN GOODHART	EXECUTIVE DIRECTOR	39.00	Key Emp	$163,135	$8,157	$171,292
CHRISTINA PHILLIPS-RAMOS	VICE PRESIDENT	39.00	Key Emp	$170,588	$8,543	$179,131
TAMMY GRANGER	SENIOR VICE PRESIDENT	39.00	Key Emp	$174,061	$8,400	$182,461
KATHYRN APPLEMAN	EXECUTIVE VICE PRESIDENT	39.00	Key Emp	$167,122	$8,356	$175,478
LEE PETERSON	EXECUTIVE DIRECTOR REV	39.00	Key Emp	$163,534	$8,177	$171,711
ADAM SCIOLI	MD	40.00	Highest	$399,146	$19,957	$419,103
MING WANG	MD	40.00	Highest	$312,295	$15,615	$327,910
ERIC HEFFELFINGER	MD	40.00	Highest	$258,084	$12,905	$270,989
NAVIYOT BEDI	PSYCHIATRIST	40.00	Highest	$304,046	$15,202	$319,248
KRISTINE BASHORE TILL 72024	EXECUTIVE VICE PRESIDENT	39.00	Highest	$143,712	$7,185	$150,897

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	$92,269,633	$104,280,939	$113,396,946	$-12,011,306
2024	$85,390,082	$96,434,878	$123,466,564	$-11,044,796
2023	$85,039,622	$94,172,802	$133,883,912	$-9,133,180
2022	$95,701,401	$97,980,601	$142,969,468	$-2,279,200
2021	$101,635,363	$97,326,076	$161,776,483	$4,309,287
2020	$91,634,651	$92,015,723	$147,677,618	$-381,072
2019	$94,630,234	$86,463,076	$147,414,258	$8,167,158
2018	$88,377,415	$80,258,023	$138,961,064	$8,119,392

RICHARD J CARON FOUNDATION