FRIENDS OF THE PARAGON CAROUSEL INC (EIN 043285979) - 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

1995

Legal Domicile

Principal Officer

MARGE WEST

Phone

7819250472

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE PARAGON CAROUSEL INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $440K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $380K left a modest 14% surplus.

Mission

TO PRESERVE THE CAROUSEL AT ITS CURRENT LOCATION AND RESTORE IT TO ITS ORIGINAL BEAUTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $144,018

Program Service Revenue $159,264

Investment Income $817

Other Revenue $135,778

TOTAL REVENUE $439,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,776

Fundraising Expenses $73,297

Program Expenses $291,593

Other Expenses $198,902

TOTAL EXPENSES $379,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,877	$397,629	+0.1%
Expenses	$379,678	$383,372	0.0%
Net Income	$60,199	$14,257	+3.2%

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

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
MARGE WEST	PRESIDENT	25.00	Officer Director	$0	$0	$0
JASON MCCANN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BOB FOSTER	TREASURER	10.00	Officer Director	$0	$0	$0
CHRISTOPHER LOFGREN	CLERK	5.00	Officer Director	$0	$0	$0
NICKY PREBLE	DIRECTOR	2.00	Director	$0	$0	$0
MARIE E SCHLEIFF	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN CARROW	DIRECTOR	2.00	Director	$0	$0	$0
J TIMOTHY REYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN GREENBERG	DIRECTOR	2.00	Director	$0	$0	$0
THERESA BRADY	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$439,877	$379,678	$697,337	$60,199
2022	$397,629	$383,372	$666,129	$14,257
2021	$484,932	$436,589	$671,153	$48,343
2020	$442,451	$374,058	$553,243	$68,393
2019	$474,093	$482,290	$481,820	$-8,197
2018	$399,140	$399,122	$529,468	$18

FRIENDS OF THE PARAGON CAROUSEL INC