THE CARITAS FOUNDATION

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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

2015

Legal Domicile

Principal Officer

JENNIFER RIVA

Phone

9497531514

Tax Period

2023-01-01 to 2023-12-31

THE CARITAS FOUNDATION, founded in 2015, is a small nonprofit in the Human Services sector that reported $191K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

THE CARITAS FOUNDATION IS A 501(C)(3) NON-PROFIT ORGANIZATION CREATED TO BRING VITAL SERVICES AND PROGRAMS TO THE UNDERSERVED MEMBERS OF OUR GLOBAL COMMUNITIES THROUGH EDUCATION, ACHIEVEMENT, EMPOWERMENT, AND INVOLVEMENT.

Program Service Accomplishments

Program 1

Expenses: $50,088

THE RENTAL ASSISTANCE PROGRAM PROVIDES TEMPORARY FINANCIAL AID TO HELP FAMILIES THROUGH A ROUGH TIME. DURING 2023, 29 FAMILIES WERE PROVIDED SUPPORT.

Program 2

Expenses: $98,389

PROMOTION AND SUPPORT OF COMMUNITY BUILDING ACTIVITIES TO CONTRIBUTE TO AN ENHANCED QUALITY OF LIFE FOR LOW INCOME FAMILIES IN THE CARITAS CORPORATION COMMUNITIES. THE CARITAS COMMUNITIES HOUSE...

PROMOTION AND SUPPORT OF COMMUNITY BUILDING ACTIVITIES TO CONTRIBUTE TO AN ENHANCED QUALITY OF LIFE FOR LOW INCOME FAMILIES IN THE CARITAS CORPORATION COMMUNITIES. THE CARITAS COMMUNITIES HOUSE APPROXIMATELY 15,800 INDIVIDUALS WHO BENEFIT FROM THESE ACTIVITIES.

Program 3

Expenses: $25,200

SCHOLARSHIPS TO 21 RESIDENTS OF THE CARITAS COMMUNITIES DURING 2023.

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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 $190,766

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $190,766

Expense Breakdown

Grants Paid $190,264

Salaries & Benefits $1,864

Fundraising Expenses $0

Program Expenses $190,264

Other Expenses $3,832

TOTAL EXPENSES $195,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,766	$246,288	-0.2%
Expenses	$195,960	$232,835	-0.2%
Net Income	$-5,194	$13,453	-1.4%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$706,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT THIERGARTNER	BOARD MEMBER	0.00	Director	$0	$0	$0
TOM REDWITZ	BOARD MEMBER	0.00	Director	$0	$0	$0
CAROL MCDERMOTT	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRISTINE DUNFEY	BOARD MEMBER	0.00	Director	$0	$0	$0
TIM CANNON	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERT R REDWITZ	CEO & CHAIRMAN OF THE BOAR	0.00	Officer Director	$0	$0	$0
JOHN MARKEL	BOARD MEMBER	0.00	Director	$0	$0	$0
THERESE BEJOTTE	CHIEF OPERATING OFFICER	1.00	Officer	$0	$3,304	$254,074
SAMANTHA MCCULLAGH	CHIEF MISSION OFFICER	1.00	Officer	$0	$0	$85,331
JOHN WOOLLEY	CHIEF INVESTING OFFICER	1.00	Officer	$0	$0	$193,017
PENNY SERNA	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$2,337	$173,782
JENNIFER E RIVA	VP OF FINANCE	0.00	Officer	$0	$0	$0
GABE CHAVEZ	VP OF DEVELOPMENT	1.00	Highest	$0	$2,128	$153,296

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	$190,766	$195,960	$5,179	$-5,194
2022	$246,288	$232,835	$9,019	$13,453
2021	$170,054	$175,051	No data	$-4,997
2020	$157,966	$162,187	$5,488	$-4,221
2019	$307,467	$300,012	$8,091	$7,455
2018	$237,396	$230,801	$5,505	$6,595