CARESPARC COMMUNITY CONNECTIONS INC

EIN: 872368394 501(c)(3) Health Care

MAPLEWOOD, NJ

Total Revenue
$668,421
Total Expenses
$560,696
Total Assets
$139,006
Net Assets
$119,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NJ
Principal Officer
MARGARET WOODS
Tax Period
2024-01-01 to 2024-12-31

CARESPARC COMMUNITY CONNECTIONS INC, founded in 2021, is a small nonprofit in the Health Care sector that reported $668K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 16% operating margin.

Mission

TO COLLABORATE WITH UNDERSERVED COMMUNITIES, SERVICE PROVIDERS, AND THOUGHTS LEADERS ON EFFECTIVE SOLUTIONS TO ADVANCE HEALTH EQUITY AND IMPROVE POSITIVE PUBLIC HEALTH OUTCOMES.

Program Service Accomplishments

Program 1
Expenses: $503,055

THE SUSTAINABLE HEALTH & WELLNESS VILLAGE FESTIVAL (SHWV) TOUR IS A STATEWIDE MULTI-DAY COMMUNITY-BASED HEALTH AND WELLNESS FESTIVAL. SHWV IS AN EVIDENCE-BASED MODEL INFORMED BY THE CDC'S SOCIAL...

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THE SUSTAINABLE HEALTH & WELLNESS VILLAGE FESTIVAL (SHWV) TOUR IS A STATEWIDE MULTI-DAY COMMUNITY-BASED HEALTH AND WELLNESS FESTIVAL. SHWV IS AN EVIDENCE-BASED MODEL INFORMED BY THE CDC'S SOCIAL DETERMINANTS OF HEALTH AND THE ROBERT WOOD JOHNSON CULTURE OF ACTION HEALTH FRAMEWORK. IT PROVIDES PARTICIPANTS WITH READY ACCESS TO HEALTHCARE AND COMMUNITY RESOURCES WITHIN A CULTURALLY RELEVANT, FESTIVAL-LIKE ATMOSPHERE DESIGNED TO PROMOTE MEANINGFUL ENGAGEMENTS BETWEEN COMMUNITIES OF COLOR AND LOCAL/REGIONAL PROVIDERS. OVER ITS EIGHT YEARS OF OPERATION, THE SHWV HAS SERVED RESIDENTS IN UNDERSERVED AND STRONGLY IMPACTED COMMUNITIES. ITS INNOVATIVE, EVIDENCE-BASED MODEL INTEGRATES ACUTE CARE SERVICES AND CLINICAL SCREENINGS WITH WELLNESS EDUCATION AND LIFESTYLE ACTIVITIES DESIGNED TO ADDRESS THE FULL SPECTRUM OF DETERMINANTS OF OVERALL WELL BEING.

Program 2

GRANDPARENTS RAISING GRANDCHILDREN INITIATIVE IS LONG-STANDING EVIDENCE THAT GRANDPARENTS ARE AN UNDERSERVED AND OFTEN FORGOTTEN COMMUNITY FOR RAISING CHILDREN AS PRIMARY AND SECONDARY CAREGIVERS...

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GRANDPARENTS RAISING GRANDCHILDREN INITIATIVE IS LONG-STANDING EVIDENCE THAT GRANDPARENTS ARE AN UNDERSERVED AND OFTEN FORGOTTEN COMMUNITY FOR RAISING CHILDREN AS PRIMARY AND SECONDARY CAREGIVERS. GRANDPARENTS ARE A GROUP OF PEOPLE THAT SPAN GENERATIONS - USUALLY COMPRISING PEOPLE FORTY YEARS OLD AND ABOVE. THIS MEANS THAT GRANDPARENTS ARE A HIGHLY DIVERSE GROUP WITH VARIOUS COMPLEX NEEDS. SOMETIMES GRANDPARENTS WHO ARE PRIMARY CAREGIVERS REPORT HIGH LEVELS OF STRESS AND NEGATIVE CONSEQUENCES ON THEIR HEALTH DUE TO NEGLECTING THEIR OWN MEDICAL NEEDS WHEN REASSUMING PARENTING ROLES. GRANDPARENTS CAN ASSUME PARENTING ROLES DUE TO MANY CIRCUMSTANCES WITH THEIR ADULT CHILDREN, INCLUDING DEATH, ILLNESS, MENTAL ILLNESS, SUBSTANCE USE, AND INCARCERATION.

Program 3

CARESPARC COMMUNITY CONNECTIONS (CCC) FREE FRESH PRODUCE MARKET FOR SENIORS AND FAMILIES WAS INSPIRED BY THE FRAMEWORK PROVIDED BY THE FAMILY CAREGIVING ADVISORY COUNCIL (FCAC) AND WORKS TO IMPROVE...

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CARESPARC COMMUNITY CONNECTIONS (CCC) FREE FRESH PRODUCE MARKET FOR SENIORS AND FAMILIES WAS INSPIRED BY THE FRAMEWORK PROVIDED BY THE FAMILY CAREGIVING ADVISORY COUNCIL (FCAC) AND WORKS TO IMPROVE THE GOALS PROVIDED IN THEIR INITIAL REPORT. THE FREE FRESH PRODUCE MARKET FOR SENIORS AND FAMILIES (FFPM) WORKS TO DECREASE THE NUMBER OF FOOD-INSECURE INDIVIDUALS IN NEWARK AND THE GREATER NEWARK COMMUNITY. THE FFPM OPERATES IN VARIOUS LOCATIONS FROM JANUARY TO DECEMBER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $667,260
Program Service Revenue $0
Investment Income $1,161
Other Revenue $0
TOTAL REVENUE $668,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,654
Fundraising Expenses $0
Program Expenses $503,055
Other Expenses $503,042
TOTAL EXPENSES $560,696

Year-over-Year Comparison

2024 2023 Change
Revenue $668,421 $512,695 +0.3%
Expenses $560,696 $504,805 +0.1%
Net Income $107,725 $7,890 +12.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
275

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HINDS BOARD MEMBER 15.00
Officer
$0 $0 $0
KEVIN SILVESTRINI-CORDERO SECRETARY 15.00
Officer
$0 $0 $0
ROBIN DOUGHERTY TREASURER 15.00
Officer
$0 $0 $0
LIBBY BAJGEROVA BOARD MEMBER 15.00
Officer
$0 $0 $0
MARGARET WOODS PRESIDENT 15.00
Officer
$0 $0 $0
LUZ RAMIREZ BOARD MEMBER 15.00
Officer
$0 $0 $0
DR MONIQUE GRIFFITH BOARD MEMBER 15.00
Officer
$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 $668,421 $560,696 $139,006 $107,725
2023 $512,695 $504,805 $133,258 $7,890
2023 $325,695 $317,805 $133,258 $7,890
2022 $245,731 $241,438 $104,293 $4,293
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