THE ADIRONDACK CAROUSEL INC (EIN 141829187) - 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

2000

Legal Domicile

Principal Officer

EMILY FOGARTY

Phone

5188919521

Tax Period

2021-11-01 to 2022-10-31

THE ADIRONDACK CAROUSEL INC, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $49K in total revenue in fiscal year 2021. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $129K exceeded revenue, resulting in a 164% operating deficit.

Mission

TO BUILD AND MAINTAIN A FULL-SIZE HANDCRAFTED CAROUSEL HOUSED IN A YEAR ROUND PAVILION WITH SPACE FOR PROGRAMS AND SPECIAL EVENTS. IN JUNE 2011, GROUND WAS BROKEN FOR THE BUILDING AND CAROUSEL OPERATIONS BEGAN MAY 26, 2012. TO DATE, THERE HAVE BEEN OVER 117,849 RIDERS. OTHER EVENTS THAT HAVE TAKEN PLACE AS PART OF THE ORGANIZATION'S MISSION ARE WILDLIFE PROGRAMS, CARVING CLASSES, AND HEALTH AND WELLNESS PRESENTATIONS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $20,211

Program Service Revenue $23,574

Investment Income $1

Other Revenue $5,244

TOTAL REVENUE $49,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,243

Fundraising Expenses $1,769

Program Expenses $86,232

Other Expenses $79,091

TOTAL EXPENSES $129,334

Year-over-Year Comparison

	2021	2020	Change
Revenue	$49,030	$75,404	-0.3%
Expenses	$129,334	$135,348	0.0%
Net Income	$-80,304	$-59,944	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN BROWN	TREASURER	N/A	Director	$0	$0	$0
EMILY FOGARTY	PRESIDENT	N/A	Director	$0	$0	$0
MICHELE PECORA	SECRETARY	N/A	Director	$0	$0	$0
MARK WANNER	VICE-PRESIDE	N/A	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
2022	$49,030	$129,334	$44,491	$-80,304
2021	$75,404	$135,348	$125,436	$-59,944
2020	$74,790	$129,853	$172,396	$-55,063
2019	$109,256	$163,566	$216,565	$-54,310
2018	$94,327	$152,004	$270,972	$-57,677

THE ADIRONDACK CAROUSEL INC