THE CARVER INC (EIN 060862072) - 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

1938

Legal Domicile

Principal Officer

PHILLIP BUTTERFIELD

Phone

2038384305

Tax Period

2023-07-01 to 2024-06-30

THE CARVER INC, founded in 1938, is a community nonprofit in the Human Services sector that reported $9.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO EQUIP ALL LEARNERS FOR GLOBAL COMPETITIVENESS BY LEADING STRATEGIC PARTNERSHIPS WITH SCHOOLS AND COMMUNITIES THAT ADVANCE EXCELLENCE AND GROWTH OPPORTUNITIES.

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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 $6,283,155

Program Service Revenue $3,051,425

Investment Income $45,824

Other Revenue $477,392

TOTAL REVENUE $9,857,796

Expense Breakdown

Grants Paid $113,770

Salaries & Benefits $6,354,295

Fundraising Expenses $589,773

Program Expenses $8,550,828

Other Expenses $3,094,476

TOTAL EXPENSES $9,562,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,857,796	$8,698,550	+0.1%
Expenses	$9,562,541	$9,831,239	0.0%
Net Income	$295,255	$-1,132,689	-1.3%

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

640

Volunteers

300

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

$677,156

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
novelette peterkin	CEO	50.00	Officer	$270,498	$25,517	$296,015
ELIZABETH FINN	CFO	40.00	Officer	$135,000	$562	$135,562
brian allert	Ch Prog Officer	40.00	Officer	$117,160	$10,279	$127,439
NIKKI LAFAYE	DIR OF PHILANTHROP	40.00		$100,183	$23,444	$123,627
TRICIA MASSUCCO	DIR OF ELEM PROG	40.00		$97,557	$25,354	$122,911
clinton hamilton	COO	40.00	Officer	$109,372	$8,768	$118,140
JAMES SCHAFFER	DIR OF DEVELOPMENT	40.00		$112,700	$231	$112,931
DIANA NAPIER	PAST President	1.00	Director	$0	$0	$0
DEBORAH BRENNAN	Director	1.00	Director	$0	$0	$0
PHILLIP BUTTERFIELD	President	1.00	Officer Director	$0	$0	$0
DIAGHILEV LUBIN-FARNELL	Director	1.00	Director	$0	$0	$0
Jay HINTON	Director	1.00	Director	$0	$0	$0
VALERIE WATSON	Secretary	1.00	Officer Director	$0	$0	$0
DREW SEATH	Director	1.00	Director	$0	$0	$0
INWHA HUH	Director	1.00	Director	$0	$0	$0
MARK ORTIZ	Treasurer	1.00	Officer Director	$0	$0	$0
CHARLES BURNS	PRESIDENT EMERI	1.00	Director	$0	$0	$0
BROOKE SORENSEN	Director	1.00	Director	$0	$0	$0
JONATHAN WHITCOMB	CORPORATE COUNS	1.00	Officer Director	$0	$0	$0
ROBERT PENNINGTON	Director	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	No data	No data	No data	No data
2024	$9,857,796	$9,562,541	$5,887,216	$295,255
2023	$8,698,550	$9,831,239	$5,216,667	$-1,132,689
2022	$9,148,102	$7,621,996	$6,463,628	$1,526,106
2021	$6,208,186	$4,763,495	$5,518,732	$1,444,691
2020	$4,970,098	$5,144,657	$3,922,861	$-174,559
2019	$3,938,279	$4,046,378	$3,517,330	$-108,099

THE CARVER INC