THE CARES ORGANIZATION INC

EIN: 922900377 501(c)(3) Philanthropy & Grantmaking

DALLAS, TX

Total Revenue
$202,667
Total Expenses
$174,899
Total Assets
$33,580
Net Assets
$33,580
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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
2023
Legal Domicile
DE
Principal Officer
ALEXANDER FURGUSON
Phone
8559297864
Tax Period
2024-01-01 to 2024-12-31

THE CARES ORGANIZATION INC, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $203K in total revenue in fiscal year 2024. Expenses of $175K left a modest 14% surplus.

Mission

OUR MISSION IS TO END HUNGER, DELIVER RELIEF AND BUILD RESILIENCE FOR COMMUNITIES IN NEED BY CARRYING OUT PROGRAMS DIRECTLY AND SERVING AS A FICAL SPONSOR OF VARIOUS CHARITABLE INITIATIVES GLOBALLY

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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 $202,667
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $202,667

Expense Breakdown

Grants Paid $123,980
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $50,919
TOTAL EXPENSES $174,899

Year-over-Year Comparison

2024 2023 Change
Revenue $202,667 N/A N/A
Expenses $174,899 N/A N/A
Net Income $27,768 N/A N/A
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER FERGUSON VICE PRESIDENT COO 50.00
Officer Director
$0 $0 $0
BARBARA DAMATO CHAIRMAN CEO PRES 50.00
Officer Director
$0 $0 $0
DAVID BABCOCK INDEPENDENT DIRECTOR 8.00
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
2024 $202,667 $174,899 $33,580 $27,768
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