CARMEL TEACHERS ASSOCIATION WELFARE TRUST FUND (EIN 061064678) - 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

1982

Legal Domicile

Principal Officer

DINO MAZZOTTA

Phone

9145828183

Tax Period

2023-07-01 to 2024-06-30

CARMEL TEACHERS ASSOCIATION WELFARE TRUST FUND, founded in 1982, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023.

Mission

HEALTH AND WELFARE BENEFITS FOR MEMBERS AND THEIR IMMEDIATE FAMILIES

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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 $0

Program Service Revenue $1,231,281

Investment Income $2,249

Other Revenue $0

TOTAL REVENUE $1,233,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $82,389

TOTAL EXPENSES $1,199,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,233,530	$1,231,218	+0.0%
Expenses	$1,199,236	$1,119,718	+0.1%
Net Income	$34,294	$111,500	-0.7%

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

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

$3,500

Total Directors

$19,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMBER BOYLE	TRUSTEE	10.00	Director	$2,000	$0	$2,000
SUSAN TORNATORE	TRUSTEE	10.00	Director	$2,000	$0	$2,000
DINO MAZZOTTA	PRESIDENT	10.00	Officer Director	$3,500	$0	$3,500
ANTONIETTA FELICIOTTO	TRUSTEE	10.00	Director	$2,000	$0	$2,000
NICOLE STICHBURY	TRUSTEE	10.00	Director	$2,000	$0	$2,000
JENNIFER HUNTER	TRUSTEE	10.00	Director	$2,000	$0	$2,000
ORNELLA SALZA	TRUSTEE	10.00	Director	$2,000	$0	$2,000
HEATHER CARLSON	TRUSTEE	10.00	Director	$2,000	$0	$2,000
EDWARD LONG	TRUSTEE	10.00	Director	$0	$0	$0
JAIME ZIMMERMAN	TRUSTEE	10.00	Director	$0	$0	$0
MARK JENNETTE	TRUSTEE	10.00	Director	$2,000	$0	$2,000

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	$1,233,530	$1,199,236	$1,499,798	$34,294
2023	$1,231,218	$1,119,718	$1,392,108	$111,500
2022	$1,115,948	$1,099,263	$1,371,892	$16,685
2021	$974,121	$1,051,889	$1,380,623	$-77,768
2020	$1,114,219	$983,797	$1,448,915	$130,422
2019	$1,167,495	$1,100,043	$1,249,089	$67,452
2018	$984,978	$1,083,154	$894,246	$-98,176

CARMEL TEACHERS ASSOCIATION WELFARE TRUST FUND