CARE WEAR VOLUNTEERS INC

EIN: 522137470 501(c)(3) Philanthropy & Grantmaking

FREDERICK, MD

Total Revenue
$37,547
Total Expenses
$22,720
Total Assets
$797,874
Net Assets
$797,874
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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
1991
Legal Domicile
MD
Principal Officer
Bonnie Hagerman
Phone
2403156048
Tax Period
2025-01-01 to 2025-12-31

CARE WEAR VOLUNTEERS INC, founded in 1991, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $38K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 39% operating margin.

Mission

Nationwide volunteer organization making garments and blankets for babies children and seniors and cancer patients. All items are sent to hospitals and other support groups free of charge.

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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 (2025)

Revenue Breakdown

Contributions & Grants $15,458
Program Service Revenue $0
Investment Income $22,089
Other Revenue $0
TOTAL REVENUE $37,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,303
Other Expenses $22,520
TOTAL EXPENSES $22,720

Year-over-Year Comparison

2025 2024 Change
Revenue $37,547 $51,655 -0.3%
Expenses $22,720 $20,220 +0.1%
Net Income $14,827 $31,435 -0.5%
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
8
Independent Members
8
Employees
N/A
Volunteers
450

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bonnie Hagerman President 15.00
Officer
$0 $0 $0
Susan Edmiston Vice president 0.00
Officer
$0 $0 $0
Marty Powers Secretary 0.00
Officer
$0 $0 $0
Barbara Brewster Treasurer 0.00
Officer
$0 $0 $0
Betsey Estilow Director 0.00
Director
$0 $0 $0
Sharon Hanaby Director 0.00
Director
$0 $0 $0
Robert Vandenboche Director 0.00
Director
$0 $0 $0
Dolly Sullivan Director 0.00
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
2025 $37,547 $22,720 $797,874 $14,827
2024 $51,655 $20,220 $762,788 $31,435
2023 $38,814 $23,391 $696,042 $15,423
2022 $41,755 $30,214 $640,708 $11,541
2021 $55,219 $25,022 $694,198 $30,197
2020 $49,078 $28,844 $640,671 $20,234
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