CARDUS INC

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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

2004

Legal Domicile

Principal Officer

MICHAEL VAN PELT

Phone

9055288866

Tax Period

2024-01-01 to 2024-12-31

CARDUS INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $983K left a modest 9% surplus.

Mission

CARDUS, INC. IS A THINK TANK. WE BUILD INTELLECTUAL CAPACITY, SOCIAL NETWORKS AND POLICY ALTERNATIVES TO SUSTAIN A WIDE RANGE OF CULTURAL ENTREPRENEURS FOR THE RENEWAL OF NORTH AMERICAN SOCIAL ARCHITECTURE. CARDUS, INC. IS INSPIRED BY A LONG TRADITION OF CHRISTIAN SOCIAL THOUGHT.

Program Service Accomplishments

Program 1

Expenses: $21,670 Revenue: $132,750

THE CARDUS EDUCATION SURVEY RESEARCH PROJECT ON THE CULTURE SHAPING IMPACT OF CHRISTIAN EDUCATION IN THE US AND CANADA ORIGINALLY BEGAN AS A TWO YEAR PILOT PROJECT IN 2009. EXTENDED INTO 2012, THIS HAS NOW BECOME A LONG TERM PROJECT, CONDUCTED JOINTLY WITH THE CARDUS INSTITUTE, TO PROVIDE RELIABLE, CREDIBLE DATA FOR NON-GOVERNMENT SCHOOL ADMINISTRATORS, ASSOCIATIONS AND OTHER INTERESTED GROUPS.

Program 2

Expenses: $4,563 Revenue: $25,500

THE CARDUS RELIGIOUS SCHOOL INITIATIVE (CRSI) SEEKS TO GENERATE NEW THEORETICAL AND EMPIRICAL TOOLS FOR UNDERSTANDING RELIGIOUS SCHOOLS. CRSI CONDUCTS RESEARCH WHICH AIMS TO APPRECIATE THE UNIQUENESS OF RELIGIOUS SCHOOLS MISSION AND ORGANIZATION AND TO REVEAL THE EXTENT TO WHICH RELIGIOUS SCHOOLS IMPROVE OUTCOMES FOR STUDENTS, FAMILIES, CHURCHES, AND COMMUNITIES. CRSI IS JOINTLY CONDUCTED WITH THE UNIVERSITY OF NOTRE DAME AND THE CARDUS INSTITUTE.

Program 3

Expenses: $864,412 Revenue: $822,830

COMMENT IS ONE OF THE CORE PUBLICATIONS OF CARDUS, A THINK TANK DEVOTED TO RENEWING NORTH AMERICAN SOCIAL ARCHITECTURE, ROOTED IN 2000 YEARS OF CHRISTIAN SOCIAL THOUGHT. IN OUR PRINT AND ONLINE...

COMMENT IS ONE OF THE CORE PUBLICATIONS OF CARDUS, A THINK TANK DEVOTED TO RENEWING NORTH AMERICAN SOCIAL ARCHITECTURE, ROOTED IN 2000 YEARS OF CHRISTIAN SOCIAL THOUGHT. IN OUR PRINT AND ONLINE ESSAYS AND REVIEWS WE ZOOM IN ON THE MULTIPLE COMPONENTS THAT MAKE UP THIS "SOCIAL ARCHITECTURE": THE INSTITUTIONS THAT SERVE AS THE SCAFFOLDING AND SKELETON OF SOCIAL LIFE. IT'S OUR FAMILIES AND FINANCIAL SYSTEMS, POLITICS AND EDUCATION, MUSEUMS AND LABOUR UNIONS, AND MUCH MORE.

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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 $979,885

Program Service Revenue $98,839

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,078,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $661,028

Fundraising Expenses $0

Program Expenses $890,645

Other Expenses $321,812

TOTAL EXPENSES $982,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,078,724	$889,531	+0.2%
Expenses	$982,840	$791,017	+0.2%
Net Income	$95,884	$98,514	0.0%

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

N/A

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

$165,396

Total Directors