BETHESDA CARES INC

EIN: 521634919 501(c)(3) Human Services

BETHESDA, MD

Total Revenue
$2,564,127
Total Expenses
$2,375,159
Total Assets
$2,268,619
Net Assets
$2,213,980
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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
1988
Legal Domicile
MD
Principal Officer
DAVID KING
Phone
3019079244
Tax Period
2023-01-01 to 2023-12-31

BETHESDA CARES INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 7% surplus.

Mission

TO RESPOND WITH COMPASSION AND CREATIVITY TO HELP THE HOMELESS AND PERSONS IN NEED IN THE COMMUNITY AND TO HELP PREVENT IMPENDING HOMELESSNESS IN MONTGOMERY COUNTY.

Program Service Accomplishments

Program 1
Expenses: $518,374

ORGANIZATION PROVIDES ASSISTANCE TO CLIENTS WHICH INCLUDES HOUSING BENEFIT REFERRALS, PRESCRIPTION, AND PSYCHIATRIC HELP.

Program 2
Expenses: $997,157

ORGANIZATION HELPS TO PROVIDE CLIENTS WITH PERMANENT HOUSING AND ONGOING SUPPORTIVE SERVICES.

Program 3
Expenses: $130,113

COMPANY PROVIDES MEALS FREE OF CHARGE TO PEOPLE EXPERIENCING HOMELESSNESS

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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 $2,528,667
Program Service Revenue $0
Investment Income $29,460
Other Revenue $6,000
TOTAL REVENUE $2,564,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,331,007
Fundraising Expenses $147,101
Program Expenses $1,885,665
Other Expenses $1,044,152
TOTAL EXPENSES $2,375,159

Year-over-Year Comparison

2023 2022 Change
Revenue $2,564,127 $2,220,290 +0.2%
Expenses $2,375,159 $2,213,211 +0.1%
Net Income $188,968 $7,079 +25.7%
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
28
Volunteers
135

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
5
$109,000
Total Directors
10
$109,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MENDEZ EXECUTIVE DI 40.00
Officer Director
$109,000 $0 $109,000
CHRISTOPHER ANDRACSEK DIRECTOR 1.50
Director
$0 $0 $0
PATRICK BOYLE DIRECTOR 1.50
Director
$0 $0 $0
DR SHERRI CAFRITZ DIRECTOR 1.50
Director
$0 $0 $0
BONNIE BEAVERS ESQ VICE PRESIDE 1.50
Officer Director
$0 $0 $0
DAVID KING PRESIDENT 1.50
Officer Director
$0 $0 $0
JOHN LYNCH DIRECTOR 1.50
Director
$0 $0 $0
STACY A MATTHEWS TECHNICAL AS 1.50
Director
$0 $0 $0
H CLAY MILLER TREASURER 1.50
Officer Director
$0 $0 $0
CHARLENE WILSON SECRETARY 1.50
Officer 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 $2,564,127 $2,375,159 $2,268,619 $188,968
2022 $2,220,290 $2,213,211 $2,050,323 $7,079
2021 $2,095,526 $1,630,307 $1,954,594 $465,219
2020 $1,854,424 $1,241,078 $1,422,663 $613,346
2019 $1,383,843 $1,240,760 $752,617 $143,083
2018 $1,086,544 $1,086,364 $593,243 $180
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