Care Net Foundation

EIN: 460951472 501(c)(3) Health Care

Lansdowne, VA

Total Revenue
$22,644
Total Expenses
$311,412
Total Assets
$2,745,775
Net Assets
$2,734,827
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Phone
7035548746
Tax Period
2023-07-01 to 2024-06-30

Care Net Foundation, founded in 2012, is a micro nonprofit in the Health Care sector that reported $23K in total revenue in fiscal year 2023. Revenue surged 75380% from the prior year, signaling strong growth momentum. Expenses of $311K exceeded revenue, resulting in a 1275% operating deficit.

Mission

Among its broader religious, educational, and charitable purposes, Care Net Foundation is organized and operated to support Care Net and other public charities whose work furthers Care Net's purpose by assisting in procuring Foundation grant awards and major donations and managing and administering planned giving programs to support those ministries.

Program Service Accomplishments

Program 1
Expenses: $297,855 Revenue: $0

The organization supports Care Net and other public charities whose work furthers Care Net's purposes by managing and administering planned giving programs to support those ministries.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,335
Program Service Revenue $0
Investment Income $2,609
Other Revenue $3,700
TOTAL REVENUE $22,644

Expense Breakdown

Grants Paid $297,855
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $297,855
Other Expenses $13,557
TOTAL EXPENSES $311,412

Year-over-Year Comparison

2023 2022 Change
Revenue $22,644 $30 +753.8%
Expenses $311,412 $514,986 -0.4%
Net Income $-288,768 $-514,956 -0.4%
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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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$297,578
Total Directors
5
$297,578
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Brown Chair 2.0
Officer Director
$0 $0 $0
Roland C Warren President 4.0
Officer Director
$0 $22,509 $297,578
Wendy J Lowe Secretary 1.0
Officer Director
$0 $0 $0
Doug Knox Director 1.0
Director
$0 $0 $0
Thomas Mason Director 2.0
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 No data No data No data No data
2024 $22,644 $311,412 $2,745,775 $-288,768
2023 $30 $514,986 $3,002,947 $-514,956
2022 $916,031 $185,036 $3,532,172 $730,995
2021 $1,756,774 $4,296 $2,696,504 $1,752,478
2020 $89,655 $10,507 $898,101 $79,148
2019 $159,350 $37,994 $810,333 $121,356
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