CARITAS PROJECT INC (EIN 651092988) - Form 990 Financial Analysis & Trantor Score

🔒

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

2001

Legal Domicile

Principal Officer

WAYNE RUGA

Phone

5629393919

Tax Period

2023-01-01 to 2023-12-31

CARITAS PROJECT INC, founded in 2001, is a micro nonprofit in the Education sector that reported $46K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 42% operating margin.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $13,210

Program Service Revenue $32,300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $45,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,174

Program Expenses $9,009

Other Expenses $26,552

TOTAL EXPENSES $26,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,510	$35,800	+0.3%
Expenses	$26,552	$56,171	-0.5%
Net Income	$18,958	$-20,371	-1.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE RUGA	PRESIDENT	40.00	Officer 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
2024	No data	No data	No data	No data
2023	$45,510	$26,552	$123,148	$18,958
2022	$35,800	$56,171	$105,290	$-20,371
2021	$28,275	$46,111	$95,661	$-17,836
2020	$43,130	$114,560	$82,397	$-71,430
2019	$52,470	$130,105	$63,827	$-77,635
2018	$73,945	$138,985	$51,462	$-65,040

CARITAS PROJECT INC