THE CARPENTERS SQUARE INC (EIN 202457794) - 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

2005

Legal Domicile

Principal Officer

DAVID SCIORTINO

Tax Period

2021-01-01 to 2021-12-31

THE CARPENTERS SQUARE INC, founded in 2005, is a micro nonprofit that reported $60K in total revenue in fiscal year 2021. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $812K exceeded revenue, resulting in a 1248% operating deficit.

Mission

ASSISTANCE WITH CAREER PLANNING FOR POST-HIGH SCHOOL YOUNG ADULTS AND RELATED SCHOLARSHIPS: AND IN ITS FACILITY IN SOUTH NASHVILLE, BRINGS CHRISTIAN MINISTRIES TOGETHER TO SHARE THE LOVE OF JESUS, SERVE THE UNDER-SERVED, AND PROVIDE HOPE FOR THE FUTURE.

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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 $7,412

Program Service Revenue $52,853

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,265

Expense Breakdown

Grants Paid $779,053

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $788,525

Other Expenses $33,267

TOTAL EXPENSES $812,320

Year-over-Year Comparison

	2021	2020	Change
Revenue	$60,265	$87,561	-0.3%
Expenses	$812,320	$950,107	-0.1%
Net Income	$-752,055	$-862,546	-0.1%

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

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
BLAKE HARPER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY COVER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KARKAU	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCIORTINO	PRESIDENT	2.00	Officer Director	$0	$0	$0
LESLIE FISHER	SECRETARY	2.00	Officer 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
2021	$60,265	$812,320	No data	$-752,055
2020	$87,561	$950,107	$17,017	$-862,546
2019	$277,907	$327,000	$1,547,824	$-49,093
2018	$404,822	$326,367	$1,639,926	$78,455

THE CARPENTERS SQUARE INC