CAROUSEL SOCIETY OF THE NIAGARA FRONTIER INC (EIN 112552886) - 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

1983

Legal Domicile

Principal Officer

WARD BRAY

Phone

7166931885

Tax Period

2024-01-01 to 2024-12-31

CAROUSEL SOCIETY OF THE NIAGARA FRONTIER INC, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $644K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $271K, a strong 42% operating margin.

Mission

THE HERSCHELL CAROUSEL FACTORY MUSEUM, OPERATED BY THE CAROUSEL SOCIETY OF THE NIAGARA FRONTIER, IS A PREMIER NATIONAL HISTORIC SITE AND COMMUNITY RESOURCE FOR FAMILY RECREATION THAT FOSTERS AN APPRECIATION FOR THE UNIQUE HERITAGE OF THE CAROUSEL AND RELATED INDUSTRIES IN THE NIAGARA REGION THROUGH EDUCATIONAL, CULTURAL, AND RECREATIONAL PROGRAMMING, VISITORS WILL EXPERIENCE THE PLACES, PEOPLE, STORIES, AND ARTIFACTS ASSOCIATED WITH THE PRODUCTION OF CAROUSELS, BAND ORGANS, AND OTHER AMUSEMENT DEVICES.

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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 $428,761

Program Service Revenue $131,883

Investment Income $2,731

Other Revenue $80,638

TOTAL REVENUE $644,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,506

Fundraising Expenses $0

Program Expenses $336,382

Other Expenses $167,605

TOTAL EXPENSES $373,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$644,013	$310,499	+1.1%
Expenses	$373,111	$368,995	+0.0%
Net Income	$270,902	$-58,496	-5.6%

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

$73,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA TRABOLD	PRESIDENT	10.00	Officer Director	$0	$0	$0
MOLLY BETH MCQUIRE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WARD BRAY	TREASURER	8.00	Officer Director	$0	$0	$0
EDWARD JANULIONIS	ASSISTANT TREASURER	6.00	Officer Director	$0	$0	$0
KELLY BURNS	SECRETARY	6.00	Officer Director	$0	$0	$0
RAPHAELLE PROEFROCK	ASSISTANT SECRETARY	6.00	Officer Director	$0	$0	$0
DOUGLAS BATHKE	TRUSTEE	1.00	Director	$0	$0	$0
DARLENE BOLSOVER	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE DRZYMALA	TRUSTEE	1.00	Director	$0	$0	$0
BRENDAN IRR	TRUSTEE	1.00	Director	$0	$0	$0
COLIN MCBEATH	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA PETERS	TRUSTEE	1.00	Director	$0	$0	$0
GLEN PITTMAN	TRUSTEE	1.00	Director	$0	$0	$0
EVAN WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
IAN SEPPALA	EXECUTIVE DIRECTOR	35.00	Officer	$62,423	$10,942	$73,365

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	$644,013	$373,111	$1,751,566	$270,902
2023	$310,499	$368,995	$1,688,386	$-58,496
2022	$244,957	$333,216	$1,710,605	$-88,259
2021	$359,704	$284,204	$1,745,179	$75,500
2020	$258,959	$306,376	$1,559,727	$-47,417
2019	$334,803	$369,650	$1,581,900	$-34,847
2018	$241,611	$294,934	$1,644,645	$-53,323

CAROUSEL SOCIETY OF THE NIAGARA FRONTIER INC