WOONSOCKET, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CVS HEALTH EMPLOYEE RELIEF FUND, founded in 2010, is a small nonprofit in the Human Services sector that reported $711K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $258K, a strong 36% operating margin.
TO PROVIDE SHORT-TERM, IMMEDIATE RELIEF TO EMPLOYEES OF CVS HEALTH WHO HAVE SUFFERED HARDSHIP AS A RESULT OF NATURAL DISASTER, FAMILY DEATH, MEDICAL EMERGENCY OR OTHER UNFORESEEN DESIGNATED EVENTS.
CVS HAS APPROXIMATELY 300,000 EMPLOYEES ACROSS ALL 50 STATES, WASHINGTON D.C. AND PUERTO RICO. THE ACTIVITIES OF THE ERF ARE TO PROVIDE SHORT-TERM, IMMEDIATE FINANCIAL RELIEF TO CVS EMPLOYEES AND...
CVS HAS APPROXIMATELY 300,000 EMPLOYEES ACROSS ALL 50 STATES, WASHINGTON D.C. AND PUERTO RICO. THE ACTIVITIES OF THE ERF ARE TO PROVIDE SHORT-TERM, IMMEDIATE FINANCIAL RELIEF TO CVS EMPLOYEES AND FAMILY MEMBERS WHO HAVE SUFFERED SIGNIFICANT HARDSHIP AS A RESULT OF NATURAL DISASTER, FAMILY DEATH, MEDICAL EMERGENCY OR OTHER UNFORESEEN DESIGNATED EVENTS AND WHO HAVE DEMONSTRATED A FINANCIAL NEED. EMPLOYEES CAN SUBMIT APPLICATIONS FOR FUNDS NEEDED TO ESTABLISH OR RE-ESTABLISH A HABITABLE AND SAFE RESIDENCE FOLLOWING A HURRICANE, FIRE, FLOOD, TORNADO, ETC. FOR FUNERAL OR TRAVEL EXPENSES FOR ATTENDING A FUNERAL OR CARING FOR A TERMINALLY ILL EMPLOYEE OR IMMEDIATE FAMILY MEMBER, FOR INITIAL ASSISTANCE ONCE AN EMPLOYEE OR SPOUSE/DOMESTIC PARTNER IS DEPLOYED INTO THE MILITARY, OR FOR ASSISTANCE WITH A PERSONAL OR MEDICAL EMERGENCY OR PRESCRIPTION REQUIREMENTS. IN 2023, ERF PROVIDED GRANTS TO 210 EMPLOYEES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $711,023 | $1,521,830 | -0.5% |
| Expenses | $453,395 | $2,771,496 | -0.8% |
| Net Income | $257,628 | $-1,249,666 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS S MOFFATT | VICE PRESIDENT/SECRETARY/DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK L BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MEGAN MAHONEY | DIRECTOR/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELANIE K ST ANGELO | ASSISTANT SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| FAITH WEINER | PRESIDENT (AS OF 11/21/2023) | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $711,023 | $453,395 | $1,039,555 | $257,628 |
| 2022 | $1,521,830 | $2,771,496 | $826,644 | $-1,249,666 |
| 2021 | $903,779 | $154,062 | $2,042,252 | $749,717 |
| 2020 | $2,910,810 | $2,684,620 | $1,316,664 | $226,190 |
| 2019 | $525,157 | $293,850 | $1,056,007 | $231,307 |
| 2018 | $517,308 | $572,060 | $825,280 | $-54,752 |
Compare CVS HEALTH EMPLOYEE RELIEF FUND with other nonprofits in Rhode Island and across the country.