CaringWorks Inc

Nonprofit profile at a glance

EIN
562370081
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Decatur, GA, USA
Phone
4043711230
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$10,956,776
Expenses
$10,583,148
Assets
$3,705,319
Liabilities
$1,714,191

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • DR CAROL COLLARD (CEO)

Highest reported compensation

  • DR CAROL COLLARD (CEO): $197,651 total reported compensation
  • STEPHANIE BURKES (CHIEF PROGRAM OFFICER): $129,860 total reported compensation
  • NADINE OLDHAM (CLINICAL DIRECTOR): $128,927 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Caringworks' mission is to reduce homelessness and empower the marginalized by providing access to housing and services that foster dignity, self-sufficieny & well-being.

What it reported doing in 2025

Caringworks strives to reduce homelessness and empower the marginalized by providing access to housing and services that foster dignity, self-sufficiency, and well-being. Programs include transitional housing, permanent supportive housing, and behavioral health services. In 2025, caringworks worked with over 750 clients at 24 sites located throughout six counties in the metropolitan atlanta area.

Operating model

Revenue model
Grant-funded. 86% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.1%; rating input score 86
  • Program expense ratio: 89.2%; rating input score 89
  • Fundraising efficiency: $75.96 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.4%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 9.8% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 10.2% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 14.4% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 86.1% of revenue deployed · 89.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9.4M in reported program spending
  • Leadership: top reported pay $198K · 15 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.