CARC INC (EIN 720946698) - 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

1982

Legal Domicile

Principal Officer

LIBBY LEONE

Phone

3374333620

Tax Period

2024-07-01 to 2025-06-30

CARC INC, founded in 1982, is a community nonprofit in the Human Services sector that reported $6.4M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $7.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE SERVICES TO MENTALLY AND PHYSICALLY HANDICAPPED PERSONS (CLIENTS) IN SOUTHWEST LOUISIANA THROUGH CLIENT SERVICES, ADULT HABILITATION, RESIDENTIAL SERVICES, SUPERVISED INDEPENDENT LIVING AND RESPITE SERVICES.

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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 $1,060,104

Program Service Revenue $4,619,071

Investment Income $451,148

Other Revenue $238,037

TOTAL REVENUE $6,368,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,817,517

Fundraising Expenses $0

Program Expenses $6,884,090

Other Expenses $2,439,060

TOTAL EXPENSES $7,256,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,368,360	$10,527,081	-0.4%
Expenses	$7,256,577	$7,910,721	-0.1%
Net Income	$-888,217	$2,616,360	-1.3%

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

228

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

$158,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET HINTON	PRESIDENT	0.00	Director	$0	$0	$0
KENDRICK GUIDRY	SECRETARY	0.00	Director	$0	$0	$0
GLORIA ROBINSON	TREASURER	0.00	Director	$0	$0	$0
JOHN EZERNACK	BOARD MEMBER	0.00	Director	$0	$0	$0
NANCY CORMIER	BOARD MEMBER	0.00	Director	$0	$0	$0
RANDY ROACH	BOARD MEMBER	0.00	Director	$0	$0	$0
KATHY PITTMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
JOEL DAVIDSON	BOARD MEMBER	0.00	Director	$0	$0	$0
BUTCH FERDINANDSEN	BOARD MEMBER	0.00	Director	$0	$0	$0
BERNITA BROWN	BOARD MEMBER	0.00	Director	$0	$0	$0
ELIZABETH LEONE	EXECUTIVE DIRECTOR	40.00	Officer	$90,302	$0	$90,302
PETER BORLING	FINANCE DIRECTOR	40.00	Officer	$68,292	$0	$68,292

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	$6,368,360	$7,256,577	$13,567,230	$-888,217
2024	$10,527,081	$7,910,721	$14,520,069	$2,616,360
2023	$6,873,580	$6,191,015	$11,450,589	$682,565
2022	$5,956,790	$6,682,270	$10,581,716	$-725,480
2022	$6,292,007	$6,643,817	$13,016,766	$-351,810
2021	$7,309,580	$6,352,853	$11,579,586	$956,727
2020	$8,581,336	$8,239,648	$11,047,889	$341,688
2019	$8,787,225	$8,529,906	$10,873,357	$257,319
2018	$9,011,522	$9,435,104	$10,560,794	$-423,582

CARC INC