Caring Residential Services Inc (EIN 651169183) - 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

2003

Legal Domicile

Principal Officer

Brian P Curran

Phone

6094847050

Tax Period

2023-04-01 to 2024-03-31

Caring Residential Services Inc, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $39K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $144K exceeded revenue, resulting in a 266% operating deficit.

Mission

Caring Residential Services, Inc. is a Christian based organization serving the frail, impaired aged and disabled, young adults.

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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 $0

Program Service Revenue $39,320

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,427

Other Expenses $143,960

TOTAL EXPENSES $143,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,320	$46,711	-0.2%
Expenses	$143,960	$116,080	+0.2%
Net Income	$-104,640	$-69,369	+0.5%

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

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

$2,276,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank A Bellis	Board Chair	0.50	Officer Director	$0	$0	$0
N Lynne Hughes Esq	Board Vice Chair	0.50	Officer Director	$0	$0	$0
Anthony Harris	Board Secretary	0.50	Officer Director	$0	$0	$0
Joseph Dougherty Esq	Pres and Exec Director Ope	0.50	Officer	$0	$157,895	$716,669
Brian P Curran	VP and Exec Director Finan	0.50	Officer	$0	$147,685	$650,262
Thomas Thompson	Controller	0.50	Officer	$0	$113,312	$429,458
Barbara Jewell	Director of Operations and	0.50	Officer	$0	$12,406	$44,909
Naomi Miller	Project Director	0.50	Officer	$0	$100,636	$434,844

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	$39,320	$143,960	$623,669	$-104,640
2023	$46,711	$116,080	$683,384	$-69,369
2022	$47,889	$104,441	$709,108	$-56,552
2021	$53,710	$113,785	$729,072	$-60,075
2020	$46,349	$114,157	$759,831	$-67,808
2019	$37,365	$100,343	$794,086	$-62,978
2018	$34,104	$98,411	$830,520	$-64,307

Caring Residential Services Inc