Community Aging and Retirement Services Inc (EIN 237348090) - 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

1973

Legal Domicile

Principal Officer

Kristin Amato

Tax Period

2023-01-01 to 2023-12-31

Community Aging and Retirement Services Inc, founded in 1973, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

CARES promotes the quality of life and independence for adults and seniors through health social and supportive services.

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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 $2,995,268

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,995,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,352,204

Fundraising Expenses $0

Program Expenses $0

Other Expenses $16,430

TOTAL EXPENSES $3,368,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,995,268	$3,791,468	-0.2%
Expenses	$3,368,634	$4,349,071	-0.2%
Net Income	$-373,366	$-557,603	-0.3%

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

$241,331

Total Directors

$241,331

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jemith Rosa	President and CEO	45.00	Officer Director	$123,601	$0	$130,473
Michael Neumann	CFO	40.00	Officer Director	$103,331	$0	$110,858
Rick Sorriano	Chairman of the Boarf	1.00	Director	$0	$0	$0
Barbara Sharp	Secretary	1.00	Director	$0	$0	$0
Michael Clark	Director	1.00	Director	$0	$0	$0
Lisa Parisi	Director	1.00	Director	$0	$0	$0
Chris Kaduk	Director	1.00	Director	$0	$0	$0
Martin Macyszyn	Director	1.00	Director	$0	$0	$0
David Longspaugh	Director	1.00	Director	$0	$0	$0
Alvin Hagerich CPA	Treasurer	1.00		$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
2023	$2,995,268	$3,368,634	$2,594,573	$-373,366
2022	$3,779,153	$4,349,071	$2,862,129	$-569,918
2021	$3,286,951	$3,529,215	$3,181,335	$-242,264
2020	$3,725,758	$3,199,357	$3,581,863	$526,401
2019	$4,580,829	$3,486,939	$3,056,263	$1,093,890
2018	$4,628,089	$4,852,521	$2,452,175	$-224,432

Community Aging and Retirement Services Inc