CARE ELEMENTARY SCHOOL INC

EIN: 465269625 501(c)(3) Education

MIAMI, FL

Total Revenue
$2,700,424
Total Expenses
$2,278,591
Total Assets
$5,234,970
Net Assets
$5,234,970
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
FL
Phone
3055722072
Tax Period
2024-07-01 to 2025-06-30

CARE ELEMENTARY SCHOOL INC, founded in 2014, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $422K, a strong 16% operating margin.

Mission

The mission of CARE Elementary School is to provide the best opportunity for academic success and character development for the children in the Overtown community within a nurturing Christian environment without any cost to the families.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,462,002
Program Service Revenue $0
Investment Income $166,296
Other Revenue $72,126
TOTAL REVENUE $2,700,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,767,978
Fundraising Expenses $32,749
Program Expenses $1,801,241
Other Expenses $510,613
TOTAL EXPENSES $2,278,591

Year-over-Year Comparison

2024 2023 Change
Revenue $2,700,424 $2,481,438 +0.1%
Expenses $2,278,591 $2,007,559 +0.1%
Net Income $421,833 $473,879 -0.1%
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

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Governance

Voting Members
13
Independent Members
12
Employees
45
Volunteers
80

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
0
$0
Total Directors
12
$159,646
Key Employees
1
$159,646
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Beausolei Chairman 2.00
Director
$0 $0 $0
Marty Steinberger President 45.00
Director
$0 $0 $0
Jeff Sullivan Treasurer 1.00
Director
$0 $0 $0
Dr Mia Y Meritt Secretary 1.00
Director
$0 $0 $0
Craig Bond Director 1.00
Director
$0 $0 $0
Roger Gordon Director 1.00
Director
$0 $0 $0
Sara B Herald Director 1.00
Director
$0 $0 $0
Barbara Hinterkopf Director 1.00
Director
$0 $0 $0
Bridget L Mckinney Director 1.00
Director
$0 $0 $0
Katrina Peebles Director 1.00
Director
$0 $0 $0
Karen Throckmorton Director 1.00
Director
$0 $0 $0
Christoper Simmonds Director and Principal 45.00
Director Key Emp Highest
$159,646 $0 $159,646
Gus Vega Director 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
2025 $2,700,424 $2,278,591 $5,234,970 $421,833
2024 $2,481,438 $2,007,559 $4,712,073 $473,879
2023 $2,619,345 $1,899,355 $4,072,413 $719,990
2022 $2,352,763 $1,764,269 $3,322,072 $588,494
2021 $2,162,595 $1,515,353 $2,806,193 $647,242
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