BETHESDA CARES INC (EIN 521634919) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$109,000

Total Directors

$109,000

Key Employees

Highest Compensated

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

BETHESDA CARES INC