Caridad Center Inc (EIN 650149423) - 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

1989

Legal Domicile

Principal Officer

Richard Powers

Phone

5617376336

Tax Period

2023-10-01 to 2024-09-30

Caridad Center Inc, founded in 1989, is a community nonprofit in the Human Services sector that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

To upgrade the health, education & living standards of underserved children and (Continues on Sch O) families in Palm Beach County. Significant Information: Caridad Center relies exclusively on volunteer healthcare professionals to achieve our Mission and provide Primary and Specialty Care to our patients. These volunteers represent a significant value to the Center and the community and are scheduled and managed, as would paid staff. We believe any calculation of Program Service Expense should include the value of these volunteers ($8,355,298 in fiscal year 9/30/2024). Donated dental services are valued at the price per procedure as determined by the American Dental Association. Donated vision services are valued at the price per procedure at stated Medicaid rates. Donated medical and other services are valued at the price per hour as determined by the Florida Department of Health. Note: This value is included in our Annual Independent Audit Report, but not in our Form 990.

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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 $8,880,346

Program Service Revenue $0

Investment Income $9,965

Other Revenue $-94,666

TOTAL REVENUE $8,795,645

Expense Breakdown

Grants Paid $51,400

Salaries & Benefits $3,912,782

Fundraising Expenses $493,743

Program Expenses $7,373,449

Other Expenses $4,633,539

TOTAL EXPENSES $8,597,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,795,645	$6,492,266	+0.4%
Expenses	$8,597,721	$9,898,788	-0.1%
Net Income	$197,924	$-3,406,522	-1.1%

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

540

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

$737,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Retamar Esq	Chairman	3.00	Officer Director	$0	$0	$0
Richard Powers	Vice Chair	2.00	Officer Director	$0	$0	$0
Sanjiv Sharma	Treasurer	3.00	Officer Director	$0	$0	$0
Nancy Zarcadoolas	Secretary	2.00	Officer Director	$0	$0	$0
Constance Berry	Co-Founder, Director	4.00	Director	$0	$0	$0
Janet Diaz	Director	3.00	Director	$0	$0	$0
Dr Robert M Hecht	Director	2.00	Director	$0	$0	$0
Sugar McCauley	Director	2.00	Director	$0	$0	$0
Alexandra Mueller	Director	2.00	Director	$0	$0	$0
Susan Goodwin - Lerman	Director	2.00	Director	$0	$0	$0
Robert Lopez	Director	2.00	Director	$0	$0	$0
Laura Kallus	CEO	40.00	Officer	$155,385	$12,469	$167,854
Jezabel Maisonet	Chief Strategy Officer	40.00	Officer	$97,963	$10,299	$108,262
Jeffrey Chapman	CFO	40.00	Officer	$110,272	$10,631	$120,903
Doris Maya	VP of Grants	40.00	Officer	$115,850	$10,871	$126,721
Rosa M Lores	Chief Adminstrative Officer	40.00	Officer	$97,525	$10,121	$107,646
Maria A Barthe	Chief Operating Officer	40.00	Officer	$96,278	$10,081	$106,359
Dale Hipsh	Director	2.00		$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	$8,795,645	$8,597,721	$6,717,090	$197,924
2024	$8,795,645	$8,597,721	$6,717,090	$197,924
2023	$6,492,266	$9,898,788	$6,559,366	$-3,406,522
2022	$5,533,190	$6,076,523	$9,580,174	$-543,333
2021	$6,073,314	$5,281,420	$10,547,629	$791,894
2020	$4,655,568	$4,421,828	$10,149,877	$233,740
2019	$4,030,150	$4,071,117	$9,622,481	$-40,967
2018	$4,716,389	$3,655,647	$10,084,827	$1,060,742
2018	$4,103,055	$3,655,647	$10,084,827	$447,408

Caridad Center Inc