MAX CARES FOUNDATION INC

EIN: 474568220 501(c)(3) Philanthropy & Grantmaking

HARTFORD, CT

Total Revenue
$330,907
Total Expenses
$400,949
Total Assets
$211,354
Net Assets
$132,333
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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
CT
Phone
8605229806
Tax Period
2024-01-01 to 2024-12-31

MAX CARES FOUNDATION INC, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $331K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $401K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO EDUCATIONAL AND OTHER TAX EXEMPT CHARITABLE ORGANIZATIONS.

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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 $340,451
Program Service Revenue $0
Investment Income $0
Other Revenue $-9,544
TOTAL REVENUE $330,907

Expense Breakdown

Grants Paid $279,539
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $323,399
Other Expenses $121,410
TOTAL EXPENSES $400,949

Year-over-Year Comparison

2024 2023 Change
Revenue $330,907 $288,572 +0.1%
Expenses $400,949 $216,223 +0.9%
Net Income $-70,042 $72,349 -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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAURA HORAN SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD B ROSENTHAL PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY BUCKLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CAROL MCCABE DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW KERIN DIRECTOR 1.00
Director
$0 $0 $0
STEVE ABRAMS DIRECTOR 1.00
Director
$0 $0 $0
FRANKLIN PERRY II DIRECTOR 1.00
Director
$0 $0 $0
ANDREA ODDI DIRECTOR 1.00
Director
$0 $0 $0
JIM TRASK DIRECTOR 1.00
Director
$0 $0 $0
JENN MCKENNA TREASURER 1.00
Officer Director
$0 $0 $0
WONDA MURPHY OUTGOING - 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 $330,907 $400,949 $211,354 $-70,042
2023 $288,572 $216,223 $260,291 $72,349
2022 $262,975 $305,767 $159,982 $-42,792
2021 $164,280 $163,678 $198,651 $602
2020 $133,277 $160,999 $189,416 $-27,722
2019 $197,892 $208,300 $211,588 $-10,408
2018 $200,763 $151,334 $216,332 $49,429
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