Circles of Care
Legal name: Circles of Care Inc
Nonprofit profile at a glance
- EIN
- 591101553
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Melbourne, FL, United States
- Phone
- (321) 722-5200
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Mental Health Treatment F31 Psychiatric, Mental Health Hospital
Reported finances
- Revenue
- $51,790,840
- Expenses
- $50,123,736
- Assets
- $72,135,559
- Liabilities
- $9,447,625
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- STEPHEN LORD (PRESIDENT &)
Highest reported compensation
- STEPHEN LORD (PRESIDENT &): $440,607 total reported compensation
- LUIS VINUELA (CHIEF MEDICA): $421,415 total reported compensation
- REHAN FAROOQUI (PSYCHIATRIST): $380,711 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To establish total quality performance as the operating philosophy within the corporation; to be known as the supplier of choice in all our service areas; to respond to the changing corporate environment, competition, technology, business process and social issues in order to provide corporate stability and respond to community needs; and to assure each department, employee and treatment team will routinely and pragmatically strive to improve services and be cost effective.
What it reported doing in 2024
Outpatient medication management and therapeutic counseling services for brevard county and central Florida, including substance use prevention, outreach support, and medication assisted treatment services.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 83
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.4%; rating input score 92
- Program expense ratio: 94.7%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 3.2%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 34th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 92.4% of revenue deployed · 94.7% of spending went to programs
- Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $46.3M in reported program spending
- Leadership: top reported pay $441K · 28 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $637K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Officer compensation ratio scored 8/100.