FACETS CARES INC

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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

1989

Legal Domicile

Principal Officer

JOE FAY

Phone

7033525090

Tax Period

2024-07-01 to 2025-06-30

FACETS CARES INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $8.1M in total revenue in fiscal year 2024.

Mission

FACETS TRANSFORMS LIVES BY STABILIZING AND EMPOWERING INDIVIDUALS AND FAMILIES FACING POVERTY, HOUSING INSTABILITY, HUNGER, AND FINANCIAL INSECURITY. THROUGH INNOVATIVE PROGRAMS, STRONG PARTNERSHIPS, AND DATA-DRIVEN STRATEGIES, WE CREATE PATHWAYS TO LASTING AND SYSTEMIC CHANGE.

Program Service Accomplishments

Program 1

Expenses: $2,039,823

EMERGENCY SERVICES TO PREVENT AND END HOMELESSESS: FACETS SUPPORTS FAMILIES AND INDIVIDUALS WHO ARE HOMELESS OR AT RISK OF BECOMING HOMELESS BY OFFERING BASIC NEEDS ASSISTANCE, PREVENTION SERVICES...

EMERGENCY SERVICES TO PREVENT AND END HOMELESSESS: FACETS SUPPORTS FAMILIES AND INDIVIDUALS WHO ARE HOMELESS OR AT RISK OF BECOMING HOMELESS BY OFFERING BASIC NEEDS ASSISTANCE, PREVENTION SERVICES AND COMPREHENSIVE CASE MANAGEMENT. FACETS ALSO OFFERS HOT MEALS PROGRAMS, OUTREACH AND SUPPORT PROGRAMS FOR SINGLE ADULTS, MEDICAL AND DENTAL RESOURCES, AND PERMANENT HOUSING SOLUTIONS. IN ADDITION, THE HYPOTHERMIA PREVENTION PROGRAM OPERATES THROUGHOUT THE WINTER PROVIDING SHELTER, HOT MEALS AND CASE MANAGEMENT SERVICES.

Program 2

Expenses: $1,640,219

FACETS PROVIDES EMERGENCY RESPONSE SERVICES TO MEMBERS OF OUR COMMUNITY FACING ECONOMIC CHALLENGES; INITIATIVES INCLUDE REGULAR FOOD AND SUPPLY DISTRIBUTIONS IN OUR COMMUNITY AND FINANCIAL AND RENTAL...

Program 3

Expenses: $1,904,959 Revenue: $147,108

HOUSING SERVICES TO BRING PEOPLE HOME: FACETS PROVIDES SUPPORTIVE AND LONG-TERM HOUSING FOR INDIVIDUALS AND FAMILIES WHO ARE CURRENTLY HOMELESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,933,893

Program Service Revenue $147,108

Investment Income $38,280

Other Revenue $-27,947

TOTAL REVENUE $8,091,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,876,368

Fundraising Expenses $218,375

Program Expenses $6,596,462

Other Expenses $4,041,167

TOTAL EXPENSES $7,917,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,091,334	$7,948,659	+0.0%
Expenses	$7,917,535	$7,907,412	+0.0%
Net Income	$173,799	$41,247	+3.2%

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

140

Volunteers

5563

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

$191,803

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ROCKMANN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JERRY CARUSO	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC WARDEN	TREASURER	1.00	Officer Director	$0	$0	$0
HUGH TAYLOR	CHAIR	1.00	Officer Director	$0	$0	$0
WEETIE HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
PETE RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ED GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE GARROD	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE BALDWIN	SECRETARY	1.00	Officer Director	$0	$0	$0
ZAKI SALEH	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA LETT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL FITZGERALD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANIMESH CHOWDHURY	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN IVERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KELUM PINNADUWAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DON HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELEANOR WEIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD ARNHOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE FAY	EXECUTIVE DIRECTOR	40.00	Officer	$170,958	$20,845	$191,803
RENA ALEXANDER-LEWIS	SENIOR DIRECTOR OF PROGRAMS	40.00	Highest	$104,603	$8,268	$112,871
MARSHALEE BROWN	SENIOR DIRECTOR OF PROGRAMS	40.00	Highest	$104,854	$8,062	$112,916
KATHLEEN DAVENPORT	CHIEF OF STAFF	40.00	Highest	$102,332	$19,462	$121,794

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	$8,091,334	$7,917,535	$4,566,350	$173,799
2024	No data	No data	No data	No data
2023	$8,868,001	$8,353,619	$4,280,494	$514,382
2022	$10,336,050	$9,512,638	$3,381,594	$823,412
2021	$9,480,895	$8,911,925	$2,950,010	$568,970
2020	$5,271,601	$4,959,503	$2,480,147	$312,098
2019	$4,609,030	$4,541,450	$1,133,820	$67,580
2018	$4,189,297	$4,116,748	$1,010,850	$72,549