Mount Carmel Area School District Education Foundation (EIN 232969658) - 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

2001

Legal Domicile

Principal Officer

Harry Morgan

Phone

5703391500

Tax Period

2024-01-01 to 2024-12-31

Mount Carmel Area School District Education Foundation, founded in 2001, is a micro nonprofit in the Education sector that reported $41K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $86K represent 25 months of operating reserves.

Mission

To provide a means for alumni, parents and friends to unite in their efforts to support and strengthen the Mount Carmel Area School District through gifts, trusts and bequests.

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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 $40,307

Program Service Revenue $0

Investment Income $810

Other Revenue $0

TOTAL REVENUE $41,117

Expense Breakdown

Grants Paid $17,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,648

Other Expenses $27,489

TOTAL EXPENSES $44,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,117	$47,583	-0.1%
Expenses	$44,539	$77,662	-0.4%
Net Income	$-3,422	$-30,079	-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

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
Harold Morgan	President	005.00	Officer Director	$0	$0	$0
Dan Renno	Vice President	005.00	Officer Director	$0	$0	$0
Jose Gonzalo	Treasurer	010.00	Officer Director	$0	$0	$0
Cassandra Niglio	Secretary	004.00	Officer Director	$0	$0	$0
Edward Greco	Solicitor	004.00	Director	$0	$0	$0
Bernard Stellar	Advisor	010.00	Director	$0	$0	$0
N/A	Director	002.00	Director	$0	$0	$0
William Brecker Jr	Director	002.00	Director	$0	$0	$0
James Britt	Director	002.00	Director	$0	$0	$0
Pete Cheddar	Advisor	005.00	Director	$0	$0	$0
David McFee	Member	007.00	Director	$0	$0	$0
Robert Lapinski	Member	001.00	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
2024	$41,117	$44,539	$86,108	$-3,422
2023	$47,583	$77,662	$89,530	$-30,079
2022	$64,295	$40,941	$119,609	$23,354
2021	$68,365	$18,513	$96,255	$49,852
2020	$21,930	$35,689	$46,403	$-13,759
2019	$47,205	$17,735	$60,162	$29,470
2018	$46,507	$42,308	$30,692	$4,199

Mount Carmel Area School District Education Foundation