FRIENDS OF CARMEL RICHMOND INC (EIN 133149480) - 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

SUZETTE PANNI

Phone

7186688501

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF CARMEL RICHMOND INC, founded in 1982, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 473% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 86% operating margin.

Mission

TO PROVIDE FUNDING AND SUPPORT TO CARMEL RICHMOND NURSING HOME, INC.

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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 $1,876,093

Program Service Revenue $0

Investment Income $175,013

Other Revenue $0

TOTAL REVENUE $2,051,106

Expense Breakdown

Grants Paid $283,720

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $283,720

Other Expenses $5,600

TOTAL EXPENSES $289,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,051,106	$357,668	+4.7%
Expenses	$289,320	$1,288,385	-0.8%
Net Income	$1,761,786	$-930,717	-2.9%

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
SUZETTE PANNI	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOYCELYN DANIEL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES BRIAN VICTOR	TREASURER	2.00	Officer Director	$0	$0	$0
FABIO ALZATE	SECRETARY	2.00	Officer Director	$0	$0	$0
ANISH CHACKO	MEMBER	2.00	Director	$0	$0	$0
VALENTINA DELISA	MEMBER	2.00	Director	$0	$0	$0
MARY LETTERI	MEMBER	2.00	Director	$0	$0	$0
GAIL NASH	MEMBER	2.00	Director	$0	$0	$0
MAUREEN SCHLAEGER	MEMBER	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
2025	$2,051,106	$289,320	$4,131,110	$1,761,786
2024	$357,668	$1,288,385	$2,397,298	$-930,717
2023	$85,416	$185,162	$3,386,254	$-99,746
2022	$159,424	$159,216	$3,699,511	$208
2021	$138,800	$61,843	$3,668,592	$76,957
2020	$209,745	$41,308	$3,078,998	$168,437
2019	$126,859	$146,037	$3,169,734	$-19,178
2018	$76,372	$39,696	$3,108,532	$36,676

FRIENDS OF CARMEL RICHMOND INC