CARDUS INC (EIN 202324150) - 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

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.

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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

$165,396

Key Employees

$160,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL VAN PELT	PRESIDENT	10.00	Officer Director	$0	$165,396	$165,396
ROB WILDEBOER	PAST CHAIR	2.00	Officer Director	$0	$0	$0
RAY PENNINGS	SECRETARY	2.00	Officer Director	$0	$0	$0
PAMELA SHAW	VICE CHAIR	2.00	Officer Director	$0	$0	$0
IAN DEWAARD	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA GOOD	DIRECTOR	2.00	Director	$0	$0	$0
ANDRE VAN RYK	DIRECTOR	2.00	Director	$0	$0	$0
DALE HODGSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DARYL WILSON	TREASURER	2.00	Officer Director	$0	$0	$0
DANIEL BEZALEL RICHARSEN	DIRECTOR	2.00	Director	$0	$0	$0
ERNEST LANG	DIRECTOR	2.00	Director	$0	$0	$0
PETER ROEBBELEN	DIRECTOR	2.00	Director	$0	$0	$0
ERIN VANDERVEER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN SWANER	PRESIDENT, US, CARDUS	40.00	Key Emp	$160,000	$0	$160,000

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	$1,078,724	$982,840	$403,335	$95,884
2023	$889,531	$791,017	$149,612	$98,514
2022	$724,932	$560,072	$357,982	$164,860
2021	$243,787	$347,596	$41,494	$-103,809
2020	$251,030	$317,278	$65,242	$-66,248

CARDUS INC