Carmel Ideas Foundation (EIN 010903800) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Phone

8316266243

Tax Period

2024-01-01 to 2024-12-31

Carmel Ideas Foundation, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $455K in total revenue in fiscal year 2024. Expenses of $536K exceeded revenue, resulting in a 18% operating deficit.

Mission

The Carmel Ideas Foundation's mission is to improve literacy, inspire hope, and encourage the development and exchange of great ideas for the residents of Monterey County and beyond, and to provide further educational opportunities for the under-served students of Monterey County.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $393,329

Program Service Revenue $61,300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $454,629

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $487,344

Other Expenses $532,658

TOTAL EXPENSES $535,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,629	$447,975	+0.0%
Expenses	$535,658	$470,140	+0.1%
Net Income	$-81,029	$-22,165	+2.7%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT EVERS	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN HANNA	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN LINDSAY	BOARD MEMBER	0.50	Director	$0	$0	$0
James P McGillen	Chairman	40.00	Officer	$0	$0	$0
Cynthia McGillen	Board Member	40.00	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	$454,629	$535,658	$34,596	$-81,029
2023	$447,975	$470,140	$107,218	$-22,165
2022	$457,150	$429,589	$137,896	$27,561
2021	$426,408	$463,603	$128,316	$-37,195
2020	$412,449	$291,934	$144,435	$120,515
2019	$471,375	$534,955	$38,211	$-63,580
2018	$523,693	$521,513	$82,411	$2,180

Carmel Ideas Foundation