CASPAR INC

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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

1970

Legal Domicile

Principal Officer

KEVIN MARTONE

Phone

6173713000

Tax Period

2024-07-01 to 2025-06-30

CASPAR INC, founded in 1970, is a community nonprofit in the Mental Health sector that reported $9.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $11.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

CASPAR'S MISSION IS TO PROVIDE COMMUNITY-BASED SERVICES TO THOSE AFFECTED BY SUBSTANCE USE DISORDERS. CASPAR OFFERS A COMPREHENSIVE ARRAY OF OUTREACH, SHELTER, STABILIZATION, RESIDENTIAL AFTERCARE, AND PREVENTION SERVICES TO MEET THE NEEDS OF THE POPULATIONS.

Program Service Accomplishments

Program 1

Expenses: $4,950,891 Revenue: $5,018,357

EMERGENCY SERVICE CENTER - CASPAR OPERATES ONE OF THREE HOMELESS SHELTERS IN MASSACHUSETTS THAT ARE FUNDED TO PROVIDE DAYTIME AND OVERNIGHT SERVICES TO MEN AND WOMEN WITH A HISTORY OF ACTIVE...

EMERGENCY SERVICE CENTER - CASPAR OPERATES ONE OF THREE HOMELESS SHELTERS IN MASSACHUSETTS THAT ARE FUNDED TO PROVIDE DAYTIME AND OVERNIGHT SERVICES TO MEN AND WOMEN WITH A HISTORY OF ACTIVE SUBSTANCE USE. IN ADDITION TO CRISIS STABILIZATION AND ON SITE MEDICAL AND MENTAL HEALTH CARE, THE EMERGENCY SERVICE CENTER PROVIDES COUNSELING, CASE MANAGEMENT, REFERRAL, AND EARLY RECOVERY SUPPORT FOR NEWLY SOBER MEN AND WOMEN. WITH AN OVERNIGHT CAPACITY OF 107, THE EMERGENCY SERVICE CENTER IS THE LARGEST SHELTER IN THE GREATER BOSTON AREA AND THE ONLY SHELTER WHICH ACCEPTS CLIENTS WHO ARE ACTIVELY USING ALCOHOL AND OTHER DRUGS.

Program 2

Expenses: $3,925,679 Revenue: $3,371,923

RESIDENTIAL SERVICES - THIS PROGRAM PROVIDES BOTH MEN'S AND WOMEN'S RESIDENTIAL TREATMENT PROGRAMS. THESE GENDER SPECIFIC PROGRAMS FOCUS ON THE DISTINCT RECOVERY ISSUES OF MEN AND WOMEN. THE WOMEN'S RESIDENTIAL PROGRAM FOCUSES ON THE DISTINCT RECOVERY ISSUES AND NEEDS OF WOMEN, SUCH AS A HISTORY OF TRAUMA AND ABUSE, EATING DISORDERS AND THE LOSS OF CHILDREN DUE TO ACTIVE SUBSTANCE ABUSE. THE MEN'S RESIDENTIAL PROGRAM PROVIDES A RESIDENTIAL EXPERIENCE FOR MEN WHERE THEY BECOME SECURE IN THEIR RECOVERY AND RECEIVE CASE MANAGEMENT TO BUILD RELAPSE PREVENTION SKILLS.

Program 3

Expenses: $1,018,686 Revenue: $309,374

FIRST STEP STREET OUTREACH TEAM OFFERS LIFE SAVING ALTERNATIVES TO UNSHELTERED HOMELESS MEN AND WOMEN WHO ARE AFFECTED BY SUBSTANCE ABUSE, MENTAL ILLNESS, AND MEDICAL COMPLICATIONS ASSOCIATED WITH...

FIRST STEP STREET OUTREACH TEAM OFFERS LIFE SAVING ALTERNATIVES TO UNSHELTERED HOMELESS MEN AND WOMEN WHO ARE AFFECTED BY SUBSTANCE ABUSE, MENTAL ILLNESS, AND MEDICAL COMPLICATIONS ASSOCIATED WITH LIFE ON THE STREETS. FIRSTSTEP STAFF ENGAGE HOMELESS PEOPLE WHERE THEY ARE ANDBUILD TRUSTING RELATIONSHIPS. THROUGH A COMBINATION OF FOOT TEAMS AND MOBILE TEAMS IN VANS, STAFF TRAVEL TO KNOWN HOMELESS HANGOUTS -BUSINESS DISTRICTS, SUBWAY STATIONS, PARKS, MEAL PROGRAMS, DROP-IN CENTERS, AND BUILDING DOORWAYS - SEEKING HOMELESS MEN AND WOMEN WHO MAY NEED HELP. THE STAFF OFFER UNSHELTERED INDIVIDUALS ACCESS TO EMERGENCY MEDICAL AND PSYCHIATRIC CARE, MEAL PROGRAMS, SHELTERS, SUBSTANCE ABUSE TREATMENT, AND DAYTIME DROP-IN AND SOCIAL SERVICE CENTERS.

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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 $878,434

Program Service Revenue $8,690,203

Investment Income $50,470

Other Revenue $12,225

TOTAL REVENUE $9,631,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,861,130

Fundraising Expenses $0

Program Expenses $9,895,256

Other Expenses $4,389,049

TOTAL EXPENSES $11,250,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,631,332	$8,333,011	+0.2%
Expenses	$11,250,179	$9,776,022	+0.2%
Net Income	$-1,618,847	$-1,443,011	+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

156

Volunteers

125

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

$1,759,731

Total Directors

$213,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY J OLLEN	INTERIM CFO & ASST. TREASURER (AS OF 11/2024)	1.00	Officer	$0	$3,449	$480,621
MARCEL VERNON	CFO & ASST. TREASURER (UNTIL 11/2024)	1.00	Officer	$0	$29,906	$326,894
CARLEY LUBARSKY	SVP & COO	1.00	Officer	$0	$25,213	$255,428
KELLY LACAVA	SVP & CIO/CAO	1.00	Officer	$0	$47,453	$248,583
WILLIAM H SPRAGUE	PRESIDENT/CEO (UNTIL 3/2025)	1.00	Officer Director	$0	$0	$213,858
JOELLE NIMS	CLERK	1.00	Officer	$0	$41,786	$133,666
LOUIS JOSEPHSON	PRESIDENT/CEO	0.00		$0	$12,490	$484,587
MAUREEN CUNNINGHAM	PROGRAM DIRECTOR	40.00	Highest	$104,084	$25,530	$129,614
HEMA MAHASE	ASST CLERK	1.00	Officer	$0	$18,206	$100,681
KEVIN MARTONE	PRESIDENT & CEO (AS OF 3/2025)	1.00	Officer Director	$0	$0	$0
ANNE RUSH	SVP & CHRO (AS OF 12/24)	1.00	Officer	$0	$0	$0
RUTH FISHBEIN	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
AJAY CHADHA	VICE CHAIRPERSON/TREASURER	0.50	Officer Director	$0	$0	$0
ANNE LEVINE	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE G GOODMAN ESQ	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER LENTO	DIRECTOR	0.50	Director	$0	$0	$0
EDDY DESIR	DIRECTOR	0.50	Director	$0	$0	$0
GREGORY BUSCONE	DIRECTOR	0.50	Director	$0	$0	$0
JEAN MCGUIRE	DIRECTOR	0.50	Director	$0	$0	$0
LISA BLAKE	DIRECTOR	0.50	Director	$0	$0	$0
PETER A PEASE	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT J THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
SALLY THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
SETH DALY STENNIS	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS J AITES	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM M MAFFIE III	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM L OAKLEY	DIRECTOR (AS OF 2/21/25)	0.50	Director	$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
2025	$9,631,332	$11,250,179	$7,740,055	$-1,618,847
2024	No data	No data	No data	No data
2023	$8,348,492	$9,448,574	$8,197,759	$-1,100,082
2022	$7,758,337	$7,964,755	$8,494,312	$-206,418
2021	$7,522,795	$7,724,384	$7,697,214	$-201,589
2020	$6,100,060	$5,660,176	$7,793,046	$439,884
2019	$4,969,092	$4,704,118	$7,235,140	$264,974
2019	$4,969,092	$4,704,118	$7,235,140	$264,974
2018	$4,898,908	$4,385,659	$6,839,887	$513,249