CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION (EIN 161556274) - 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

1998

Legal Domicile

Principal Officer

TOD NASH

Phone

3154932771

Tax Period

2025-01-01 to 2025-12-31

CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $272K in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 36% operating margin.

Mission

PROMOTE EMPLOYMENT AND ECONOMIC GROWTH, PROMOTE AND PROVIDE FOR ADDITIONAL MAXIMUM EMPLOYMENT, MAINTAIN JOB OPPORTUNITIES, ATTRACT AND PROMOTE INDUSTRY IN THE COMUNITY OR AREA, LESSEN THE BURDEN OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $180,360

Investment Income $39,127

Other Revenue $52,105

TOTAL REVENUE $271,592

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,706

Other Expenses $122,828

TOTAL EXPENSES $172,828

Year-over-Year Comparison

	2025	2024	Change
Revenue	$271,592	$186,165	+0.5%
Expenses	$172,828	$133,128	+0.3%
Net Income	$98,764	$53,037	+0.9%

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

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
DALE KLOCK	PRESIDENT	3.00	Officer Director	$0	$0	$0
DEREK DAVIS	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
TOD NASH	SECRETARY/TR	3.00	Officer Director	$0	$0	$0
BRUCE ARMSTRONG	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ASTAFAN	DIRECTOR	2.00	Director	$0	$0	$0
BILL MCMAHON	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
MARSHALL WEIR	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE CAPONE	EX OFFICIO D	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	$271,592	$172,828	$4,380,156	$98,764
2024	$186,165	$133,128	$4,281,142	$53,037
2023	$173,727	$133,774	$4,228,105	$39,953
2022	$240,295	$128,882	$4,188,152	$111,413
2021	$98,446	$141,111	$4,085,072	$-42,665
2020	$99,613	$2,808,505	$4,136,070	$-2,708,892
2019	$185,355	$203,248	$6,832,041	$-17,893
2018	$250,080	$303,336	$6,849,934	$-53,256

CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION