Caridad Center 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

Richard Powers

Phone

5617376336

Tax Period

2024-10-01 to 2025-09-30

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 2024. Expenses of $7.9M left a modest 10% surplus.

Mission

Caridad Center's mission is to improve the health, education, and overall quality of life for underserved children and families in Palm Beach County. During fiscal year 2024/2025, more than 500 volunteer physicians, dentists, and other healthcare (continues on Schedule O) professionals provided services to uninsured and underinsured residents. The Organization continues to meet community needs through the commitment of its volunteers, the dedication and adaptability of its staff, and strong collaborations with local social service agencies and state and local government partners.

Program Service Accomplishments

Program 1

Expenses: $5,822,557

During fiscal year 2024/2025, Caridad Center delivered comprehensive medical, dental, vision, behavioral health, social services, and health education to more than 7,687 uninsured individuals...

During fiscal year 2024/2025, Caridad Center delivered comprehensive medical, dental, vision, behavioral health, social services, and health education to more than 7,687 uninsured individuals, resulting in 68,207 patient visits for residents of Palm Beach County. Volunteer physicians and specialists provided primary and specialty care across multiple disciplines, including Internal Medicine, Cardiology, Ear, Nose & Throat, Ophthalmology, Gastroenterology, Minor Surgery, Pediatrics, Dermatology, Endocrinology, Nephrology, Orthopedics, Podiatry, Pulmonology, Urology, Women's Health, and Mental and Behavioral Health.The Dental Clinic completed 45,612 procedures for children and adults, offering both general dentistry and specialized dental services.

Program 2

Expenses: $563,564

During fiscal year 2024/2025, the Social Services and Behavioral Health Department provided 14,886 services to patients and community members. Core activities included individual, group, and family mental and behavioral health counseling; case management support; social service assistance; scholarships; and community special event programming.Services were delivered using a social determinants of health framework and addressed essential needs such as emergency housing, electricity, food assistance, and referrals to external community resources. These interventions helped reduce barriers related to health disparities and socioeconomic instability.Behavioral health programs expanded during the year, increasing access to counseling, therapy, and psychiatric services for patients seeking mental health support.The Department also continued targeted programming for women and youth. The Magnolias Women's Support Group and Youth Magnolias SocioEducational Group offered structured activities that promote personal development, empowerment, and community engagement.

Program 3

Expenses: $396,538

During fiscal year 2024/2025, the Health Education Department continued to expand its reach, delivering 15,715 health education and disease prevention services to patients and their families. These services included classes and one-on-one sessions that helped patients learn about healthy lifestyles, nutrition, physical activity, and effective management of chronic conditions such as diabetes and hypertension.The Department also provided additional public health services, including HIV testing and counseling, as well as vaccinations. In May 2025, the Health Education Department became part of Caridad Center's new mobile health initiative, delivering over 3,000 health screenings for diabetes, blood pressure, and heart disease.These efforts contributed to improved health outcomes, increased health awareness, and greater patient empowerment to prioritize and manage their health.

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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 $8,795,526

Program Service Revenue $0

Investment Income $15,360

Other Revenue $-46,761

TOTAL REVENUE $8,764,125

Expense Breakdown

Grants Paid $46,250

Salaries & Benefits $3,316,679

Fundraising Expenses $455,400

Program Expenses $6,782,659

Other Expenses $4,495,933

TOTAL EXPENSES $7,858,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,764,125	$8,795,645	0.0%
Expenses	$7,858,862	$8,597,721	-0.1%
Net Income	$905,263	$197,924	+3.6%

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

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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

550

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

$571,605

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
Dr Sandra Awaida	Director	2.00	Director	$0	$0	$0
Laura Kallus	CEO	40.00	Officer	$159,266	$12,976	$172,242
Doris Maya	VP of Grants	40.00	Officer	$115,294	$11,217	$126,511
Rosa M Lores	Chief Adminstrative Office	40.00	Officer	$101,130	$10,650	$111,780
Maria A Barthe	Chief Operating Officer	40.00	Officer	$91,732	$10,274	$102,006
Jenny Weed	CFO	40.00	Officer	$55,192	$3,874	$59,066
Jezabel Maisonet	Chief Strategy Officer (Former)	40.00		$102,792	$10,717	$113,509
Jeffrey Chapman	CFO (Former)	40.00		$109,470	$10,984	$120,454

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	$8,764,125	$7,858,862	$7,560,304	$905,263
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