CARTMELL FOUNDATION INC (EIN 030383843) - 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

2002

Legal Domicile

Principal Officer

DAVID BARNARD

Phone

9037278151

Tax Period

2024-07-01 to 2025-06-30

CARTMELL FOUNDATION INC, founded in 2002, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $557K, a strong 25% operating margin.

Mission

TO PROVIDE ASSETS TO BE USED FOR THE CARE OF THE ELDERLY.

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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 $45,000

Program Service Revenue $1,159,846

Investment Income $178,497

Other Revenue $835,795

TOTAL REVENUE $2,219,138

Expense Breakdown

Grants Paid $481,156

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,629,655

Other Expenses $1,181,013

TOTAL EXPENSES $1,662,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,219,138	$1,164,651	+0.9%
Expenses	$1,662,169	$1,387,170	+0.2%
Net Income	$556,969	$-222,519	-3.5%

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

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
DAVID BARNARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANNY SMITH	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
AHNISE SUMMERS	SECRETARY	1.00	Officer Director	$0	$0	$0
RICH LAVINSKI	VOTING BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL JENKINS	VOTING BOARD MEMBER	1.00	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
2025	$2,219,138	$1,662,169	$23,956,609	$556,969
2025	$2,219,138	$1,662,169	$23,956,609	$556,969
2024	$1,164,651	$1,387,170	$21,993,603	$-222,519
2024	$1,164,651	$1,387,170	$21,993,603	$-222,519
2023	$783,268	$889,201	$18,648,394	$-105,933
2022	$658,879	$986,113	$16,463,884	$-327,234
2021	$644,333	$685,708	$16,779,129	$-41,375
2020	$804,628	$591,689	$16,485,205	$212,939
2019	$858,188	$536,740	$16,439,132	$321,448

CARTMELL FOUNDATION INC