CARITAS HALL ASSOCIATION (EIN 371120435) - 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

1981

Legal Domicile

Principal Officer

RICHARD S EDWARDS

Phone

2177443654

Tax Period

2023-01-01 to 2023-12-31

CARITAS HALL ASSOCIATION, founded in 1981, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $694K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 16% operating margin.

Mission

PROVIDE FUNDS TO RELATED CHARITIES

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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 $47,408

Program Service Revenue $0

Investment Income $143

Other Revenue $646,719

TOTAL REVENUE $694,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,765

Fundraising Expenses $451,544

Program Expenses $68,641

Other Expenses $283,168

TOTAL EXPENSES $585,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,270	$511,259	+0.4%
Expenses	$585,933	$497,683	+0.2%
Net Income	$108,337	$13,576	+7.0%

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

N/A

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
CONCETTA CARDINELL	SECRETARY	2.00	Officer Director	$0	$0	$0
PETER CAVANAGH	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD S EDWARDS	PRESIDENT &	2.00	Officer Director	$0	$0	$0
KENNETH W TASSET	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JAMES WILLIAMSON	VICE PRESIDE	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$694,270	$585,933	$2,082,994	$108,337
2022	$511,259	$497,683	$1,965,054	$13,576
2021	$581,888	$501,708	$1,951,758	$80,180
2020	$375,422	$449,330	$1,861,311	$-73,908
2019	$530,581	$472,798	$1,939,973	$57,783
2018	$471,982	$559,296	$1,883,067	$-87,314

CARITAS HALL ASSOCIATION