CAROUSEL OF HAPPINESS INC (EIN 203584335) - 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

CHARLES WOOD

Phone

3032583457

Tax Period

2023-01-01 to 2023-12-31

CAROUSEL OF HAPPINESS INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $365K in total revenue in fiscal year 2023. The organization ran a surplus of $88K, a strong 24% operating margin.

Mission

TO INSPIRE HAPPINESS, WELL BEING, AND SERVICE TO OTHERS THROUGH STORIES AND EXPERIENCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $121,867

Program Service Revenue $190,871

Investment Income $17

Other Revenue $51,983

TOTAL REVENUE $364,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,610

Fundraising Expenses $19,736

Program Expenses $218,139

Other Expenses $107,638

TOTAL EXPENSES $276,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$364,738	$353,132	+0.0%
Expenses	$276,248	$292,029	-0.1%
Net Income	$88,490	$61,103	+0.4%

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

$62,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUBREY GEHARDT	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID PACKER	BOARD MEMBER	4.00	Director	$0	$0	$0
MELODY BAUMHOVER	EXECUTIVE DIRECTOR	40.00	Director	$62,417	$0	$62,417
TIM WHITED	PRESIDENT	8.00	Officer	$0	$0	$0
JENNIFER MACGREGOR	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CHARLES WOOD	TREASURER	4.00	Officer	$0	$0	$0
CALEB MELAMED	SECRETARY	4.00	Officer	$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
2024	No data	No data	No data	No data
2023	$364,738	$276,248	$1,138,642	$88,490
2023	$364,738	$276,248	$1,138,642	$88,490
2022	$353,132	$292,029	$1,049,658	$61,103
2021	$363,164	$250,631	$988,348	$112,533
2020	$202,056	$243,240	$872,471	$-41,184
2019	$258,288	$230,863	$914,234	$27,425

CAROUSEL OF HAPPINESS INC