CARITAS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

KAREN O'BRIEN

Phone

8043580964

Tax Period

2024-07-01 to 2025-06-30

CARITAS, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $6.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $20.0M represent 37 months of operating reserves.

Mission

CARITAS CREATES A SAFE SPACE TO HEAL AND TIME TO REBUILD.

Program Service Accomplishments

Program 1

Expenses: $1,700,983 Revenue: $1,289,565

EMERGENCY SHELTER - CARITAS IS A LEADING PROVIDER OF EMERGENCY SHELTER TO UNACCOMPANIED INDIVIDUALS IN CENTRAL VIRGINIA PROVIDING FOOD, SHELTER, HOUSING ASSISTANCE, AND A PATHWAY TO SELF-SUFFICIENCY...

Program 2

Expenses: $897,680

FURNITURE BANK - CARITAS ACCEPTS DONATIONS OF NEW AND GENTLY USED FURNITURE, KITCHENWARE, LINENS AND BASIC HOUSEHOLD ITEMS AT CENTRAL VIRGINIA'S ONLY FURNITURE BANK, WHICH SERVES MORE THAN 650...

FURNITURE BANK - CARITAS ACCEPTS DONATIONS OF NEW AND GENTLY USED FURNITURE, KITCHENWARE, LINENS AND BASIC HOUSEHOLD ITEMS AT CENTRAL VIRGINIA'S ONLY FURNITURE BANK, WHICH SERVES MORE THAN 650 HOUSEHOLDS ANNUALLY. EQUIPPED WITH BASIC HOUSEHOLD GOODS, THESE FAMILIES CAN DEDICATE THEIR RESOURCES TO BREAKING THE CYCLE OF HOMELESSNESS AND POVERTY.

Program 3

Expenses: $428,190

WORKS- CARITAS RUNS AN INTENSIVE WORKFORCE DEVELOPMENT AND LIFE SKILLS PROGRAM FOR INDIVIDUALS WITH SIGNIFICANT BARRIERS TO EMPLOYMENT INCLUDING HOMELESSNESS, ADDICTION, AND FELONY CONVICTIONS. MORE THAN 75% OF WORKS STUDENTS LEAVE THE PROGRAM EMPLOYED AND EQUIPPED TO THRIVE IN THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,874,002

Program Service Revenue $1,642,861

Investment Income $254,438

Other Revenue $-353,296

TOTAL REVENUE $6,418,005

Expense Breakdown

Grants Paid $521,312

Salaries & Benefits $3,796,401

Fundraising Expenses $454,924

Program Expenses $5,368,131

Other Expenses $2,445,572

TOTAL EXPENSES $6,763,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,418,005	$6,863,830	-0.1%
Expenses	$6,763,285	$6,603,476	+0.0%
Net Income	$-345,280	$260,354	-2.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

135

Volunteers

1000

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

$373,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARRION DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
ATMA IYER	DIRECTOR	1.00	Director	$0	$0	$0
CEDRIC OVERTON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL R MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CRAYMER	DIRECTOR	1.00	Director	$0	$0	$0
GRANT NEELY	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY SUSKIND	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JOHN FINN JR	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
JOHN S WEST	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
JOHN ZEHEB	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN P KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
MICAH WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CARTER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GEMMELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL CARDER	SECRETARY	1.00	Officer Director	$0	$0	$0
T PRESTON LLOYD	CHAIR	1.00	Officer Director	$0	$0	$0
TOM BANNARD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN O'BRIEN	CEO	40.00	Officer	$200,619	$17,632	$218,251
MARK CASSIDY	CFO	40.00	Officer	$138,326	$16,469	$154,795
CLARA STOKES	CAO	40.00	Highest	$139,908	$13,417	$153,325
EMILY LEHMANN	CPO	40.00	Highest	$123,283	$9,583	$132,866

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	$6,418,005	$6,763,285	$22,464,807	$-345,280
2024	$6,863,830	$6,603,476	$21,989,100	$260,354
2023	$6,827,997	$6,782,960	$21,737,110	$45,037
2022	$5,144,634	$5,352,623	$20,735,460	$-207,989
2021	$4,984,452	$5,143,386	$21,130,751	$-158,934
2020	$8,374,458	$4,035,005	$22,645,029	$4,339,453
2019	$4,469,837	$3,227,708	$20,164,631	$1,242,129
2018	$12,104,870	$3,270,720	$16,037,167	$8,834,150