CARITAS OF WACO (EIN 741711575) - 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

1967

Legal Domicile

Principal Officer

ANN OWEN

Phone

2547534593

Tax Period

2023-01-01 to 2023-12-31

CARITAS OF WACO, founded in 1967, is a mid-sized nonprofit in the Human Services sector that reported $17.1M in total revenue in fiscal year 2023.

Mission

TO PROVIDE URGENT SUPPORT TO PEOPLE IN NEED IN OUR COMMUNITY.

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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 $16,298,640

Program Service Revenue $456,568

Investment Income $276,932

Other Revenue $76,368

TOTAL REVENUE $17,108,508

Expense Breakdown

Grants Paid $15,097,604

Salaries & Benefits $911,402

Fundraising Expenses $67,438

Program Expenses $16,049,494

Other Expenses $655,949

TOTAL EXPENSES $16,664,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,108,508	$17,701,889	0.0%
Expenses	$16,664,955	$17,808,297	-0.1%
Net Income	$443,553	$-106,408	-5.2%

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

2752

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

$75,284

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA RAGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK FIRMIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GLORIA DANCER	SECRETARY	1.00	Officer Director	$0	$0	$0
HECTOR SABIDO	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY WOOD	IMMED. PAST PRESIDENT	1.00	Director	$0	$0	$0
JAMES BEARD	DIRECTOR	1.00	Director	$0	$0	$0
LUIS GUEVARA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE HAYS	DIRECTOR	1.00	Director	$0	$0	$0
JUDGE RYAN LUNA	DIRECTOR	1.00	Director	$0	$0	$0
SHYNEKA MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
JOVASTER WITCHER	DIRECTOR	1.00	Director	$0	$0	$0
CORY HART	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
ISABEL LOZANO	DIRECTOR	1.00	Director	$0	$0	$0
ANN OWEN	EXECUTIVE DIRECTOR	40.00	Officer	$75,244	$40	$75,284

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	$17,108,508	$16,664,955	$6,789,109	$443,553
2022	$17,701,889	$17,808,297	$5,975,298	$-106,408
2021	$16,290,870	$15,463,385	$6,458,652	$827,485
2020	$15,210,407	$14,721,014	$5,760,940	$489,393
2019	$15,206,866	$15,069,957	$5,095,869	$136,909
2018	$15,534,108	$15,683,831	$4,770,989	$-149,723

CARITAS OF WACO