CARITAS OF PORT CHESTER 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

2011

Legal Domicile

Principal Officer

SAM DIMON

Phone

9144517140

Tax Period

2023-01-01 to 2023-12-31

CARITAS OF PORT CHESTER INC, founded in 2011, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO ELIMINATE FOOD INSECURITY IN PORT CHESTER AND THE SURROUNDING AREAS. THE ORGANIZATION PROVIDES HEALTHY FOOD AND SUPPORT SERVICES THROUGH ITS NETWORK OF VOLUNTEERS AND ITS PARTNER ORGANIZATIONS. THE ORGANIZATION DOES THIS WITH RESPECT AND DIGNITY FOR EVERY INDIVIDUAL THAT SEEKS OUR ASSISTANCE. THE ORGANIZATION'S FOCUS IS ON FEEDING PEOPLE, AND ITS PROGRAMS ARE DESIGNED TO MEET THE NEEDS IN A VARIETY OF WAYS, FROM POP-UP PANTRIES TO HOME DELIVERIES AND MEAL PRODUCTION IN PARTNERSHIP WITH LOCAL BUSINESSES AND ORGANIZATIONS AND WITH THE HELP OF OVER 500 ACTIVE VOLUNTEERS.

Program Service Accomplishments

Program 1

Expenses: $498,287

SOUP KITCHEN: THE SOUP KITCHEN IS OPEN FROM 7:00 A.M. TO 1:30 P.M., 5 DAYS A WEEK, 52 WEEKS A YEAR (EXCEPT FOR NATIONAL HOLIDAYS). IT PREPARES LUNCHES AND DINNERS AND PACKAGES THEM FOR INDIVIDUALS...

SOUP KITCHEN: THE SOUP KITCHEN IS OPEN FROM 7:00 A.M. TO 1:30 P.M., 5 DAYS A WEEK, 52 WEEKS A YEAR (EXCEPT FOR NATIONAL HOLIDAYS). IT PREPARES LUNCHES AND DINNERS AND PACKAGES THEM FOR INDIVIDUALS AND FAMILY-STYLE HOUSEHOLDS, DELIVERING THEM TO HOMES AND ORGANIZATIONS THROUGHOUT THE COMMUNITIES SERVED BY THE ORGANIZATION.

Program 2

Expenses: $1,415,112

FOOD PANTRY: THE ORGANIZATION BEGAN OPERATING WEEKLY POP-UP PANTRIES IN VARIOUS LOCATIONS THROUGHOUT PORT CHESTER DURING THE PANDEMIC AND SUBSEQUENTLY CONVERTED ITS ENTIRE PANTRY OPERATION INTO A...

FOOD PANTRY: THE ORGANIZATION BEGAN OPERATING WEEKLY POP-UP PANTRIES IN VARIOUS LOCATIONS THROUGHOUT PORT CHESTER DURING THE PANDEMIC AND SUBSEQUENTLY CONVERTED ITS ENTIRE PANTRY OPERATION INTO A MOBILE FOOD DISTRUBUTION SYSTEM, EMPLOYING CUSTOM DESIGNED VEHICLES TO PROVIDE A FARMER'S MARKET EXPERIENCE FOR ITS CLIENTELE.

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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 $2,224,913

Program Service Revenue $0

Investment Income $3,490

Other Revenue $0

TOTAL REVENUE $2,228,403

Expense Breakdown

Grants Paid $1,029,813

Salaries & Benefits $897,373

Fundraising Expenses $258,599

Program Expenses $1,913,399

Other Expenses $603,579

TOTAL EXPENSES $2,530,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,228,403	$2,441,358	-0.1%
Expenses	$2,530,765	$2,132,013	+0.2%
Net Income	$-302,362	$309,345	-2.0%

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

173

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

$134,924

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY TIRONE ESQ	VICE PRESIDENT	9.00	Officer Director	$0	$0	$0
PATRICIA WALSH HART	TREASURER	24.00	Officer Director	$0	$0	$0
JANE O'SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE GIBBS	DIRECTOR	3.00	Director	$0	$0	$0
MICHELE ALLISON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DAILEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIA KACHA	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL CUSANO	DIRECTOR	1.00	Director	$134,924	$0	$134,924
SAM DIMOM	PRESIDENT	8.00	Officer Director	$0	$0	$0
AMY HIRSCHHORN	DIRECTOR	1.00	Director	$0	$0	$0
JP WANG	DIRECTOR	1.00	Director	$0	$0	$0
TOM QUINN	DIRECTOR	1.00	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	$2,228,403	$2,530,765	$3,935,220	$-302,362
2023	$2,365,903	$2,618,696	$3,936,107	$-252,793
2022	$2,441,358	$2,132,013	$4,294,247	$309,345
2021	$2,099,490	$1,427,329	$3,933,908	$672,161
2020	$2,181,104	$1,096,093	$3,216,781	$1,085,011
2019	$583,723	$636,304	$2,103,028	$-52,581
2018	$1,824,267	$485,289	$2,139,963	$1,338,978