THREE RIVERS CAROUSEL FOUNDATION

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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

2003

Legal Domicile

Principal Officer

JENNIFER SORN

Phone

5095858800

Tax Period

2023-01-01 to 2023-12-31

THREE RIVERS CAROUSEL FOUNDATION, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $274K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $348K exceeded revenue, resulting in a 27% operating deficit.

Mission

OPERATE AND MAINTAIN A VINTAGE 1910 WOODEN CAROUSEL AND CREATE MEMORABLE EXPERIENCES FOR GUESTS PROVIDED BY PASSIONATE STAFF AND VOLUNTEERS.

Program Service Accomplishments

Program 1

Expenses: $174,055 Revenue: $162,640

THE ORGANIZATION MAINTAINS A VINTAGE 1910 WOODEN CAROUSEL AND A FACILTY THAT IS OPERATED AND USED FOR THE ENJOYMENT OF RESIDENTS AND VISITORS. THE CAROUSEL HAD APPROXIMATELY 105,190 TICKETS IN 2023...

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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 $50,467

Program Service Revenue $199,468

Investment Income $1,122

Other Revenue $22,943

TOTAL REVENUE $274,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,322

Fundraising Expenses $34,809

Program Expenses $174,055

Other Expenses $201,810

TOTAL EXPENSES $348,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,000	$317,415	-0.1%
Expenses	$348,132	$310,020	+0.1%
Net Income	$-74,132	$7,395	-11.0%

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

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

$75,195

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SORN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSH MCKENZIE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN HAHN	TREASURER	5.00	Officer Director	$0	$0	$0
CINDY HEMSWORTH	SECRETARY	2.00	Officer Director	$0	$0	$0
DUSTIN GOLDING	DIRECTOR	1.00	Director	$0	$0	$0
KEN JOHANNING	DIRECTOR	1.00	Director	$0	$0	$0
DAN MANELLA	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN MARQUART	DIRECTOR	1.00	Director	$0	$0	$0
AMBER MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
PAT NAGLE	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY RITARI	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SLUSSER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC VAN WINKLE	DIRECTOR	1.00	Director	$0	$0	$0
PARKER HODGE	EXECUTIVE DIRECTOR	50.00	Officer	$75,195	$0	$75,195

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	$274,000	$348,132	$3,286,328	$-74,132
2022	$317,415	$310,020	$3,360,235	$7,395
2021	$233,085	$262,017	$3,357,471	$-28,932
2020	$195,311	$296,487	$3,451,773	$-101,176
2019	$231,896	$307,397	$3,483,318	$-75,501
2018	$276,612	$313,092	$3,557,674	$-36,480