CARC INC

EIN: 850197103 501(c)(3) Human Services

CARLSBAD, NM

Total Revenue
$13,477,365
Total Expenses
$14,452,860
Total Assets
$11,859,223
Net Assets
$9,346,272
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NM
Principal Officer
DR NED ELKINS
Phone
5758871570
Tax Period
2023-07-01 to 2024-06-30

CARC INC, founded in 1967, is a mid-sized nonprofit in the Human Services sector that reported $13.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE COMPREHENSIVE SERVICES FOR PEOPLE WITH SPECIAL NEEDS THAT ENABLE THEM TO BE ACTIVE CITIZENS, FEEL ACCEPTED AND FIND MEANING IN LIFE.

Program Service Accomplishments

Program 1
Expenses: $12,119,948 Revenue: $13,482,635

OPERATION OF A WORK AND RESIDENTIAL FACILITY FOR THE REHABILITATION AND CARE OF DEVELOPMENTALLY DISABLED PERSONS. PATIENT DAYS FOR CARC, INC. TOTAL 22,753 FOR THE YEAR ENDED JUNE 30, 2023.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $225,543
Program Service Revenue $12,162,398
Investment Income $47,423
Other Revenue $1,042,001
TOTAL REVENUE $13,477,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,461,804
Fundraising Expenses $99,863
Program Expenses $12,119,948
Other Expenses $4,991,056
TOTAL EXPENSES $14,452,860

Year-over-Year Comparison

2023 2022 Change
Revenue $13,477,365 $11,858,044 +0.1%
Expenses $14,452,860 $12,331,728 +0.2%
Net Income $-975,495 $-473,684 +1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
310
Volunteers
25

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SCHINNERER CEO N/A
Highest
$179,798 $19,409 $199,207
TAMARA HALPAIN EMPLOYEE N/A
Highest
$143,961 $5,758 $149,719
NANCY ROGERS EMPLOYEE N/A
Highest
$127,131 $11,258 $138,389
SARAH ANDREWS EMPLOYEE N/A
Highest
$120,492 $10,926 $131,418
CHRISTOPHER HARRIS EMPLOYEE N/A
Highest
$117,388 $7,183 $124,571
ROBERT BOWEN VICE PRESIDE N/A
Director
$0 $0 $0
ROBBIE CHACON DIRECTOR N/A
Director
$0 $0 $0
DR NED ELKINS PRESIDENT N/A
Officer Director
$0 $0 $0
BARBARA FORREST DIRECTOR N/A
Director
$0 $0 $0
MIKE FORREST DIRECTOR N/A
Director
$0 $0 $0
ROBERT FORREST SEC/TREASURE N/A
Officer Director
$0 $0 $0
JAY JENKINS DIRECTOR N/A
Director
$0 $0 $0
CAROLYN OLSON DIRECTOR N/A
Officer Director
$0 $0 $0
CAS TABOR DIRECTOR N/A
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
2025 No data No data No data No data
2024 $13,477,365 $14,452,860 $11,859,223 $-975,495
2023 $11,858,044 $12,331,728 $11,474,687 $-473,684
2022 $11,114,367 $11,199,492 $10,707,264 $-85,125
2021 $12,194,382 $11,143,301 $9,451,276 $1,051,081
2020 $12,271,195 $11,572,345 $8,275,689 $698,850
2019 $11,374,282 $11,695,160 $7,484,468 $-320,878
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