CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION (EIN 237044839) - 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

1969

Legal Domicile

Principal Officer

TERESA SMITH

Phone

2173573800

Tax Period

2023-01-01 to 2023-12-31

CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1969, is a small nonprofit that reported $111K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $23K, a strong 21% operating margin.

Mission

ECONOMIC DEVELOPMENT

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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 $0

Program Service Revenue $136,424

Investment Income $379,091

Other Revenue $0

TOTAL REVENUE $515,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,549

Fundraising Expenses $0

Other Expenses $29,367

TOTAL EXPENSES $90,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,515	$133,301	+2.9%
Expenses	$90,916	$88,200	+0.0%
Net Income	$424,599	$45,101	+8.4%

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

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	Role	Reportable Comp	Other Comp	Total
BRENDA YOUNG	Secretary	Director	$0	$0	$0
MATT DICKINSON	Vice President	Officer Director	$0	$0	$0
SANDY FOLKERTS	President	Officer Director	$0	$0	$0
DAN DION	Director	Officer Director	$0	$0	$0
JIM NIGHTINGALE	Director	Director	$0	$0	$0
RICHARD GAMBRELL	Director	Director	$0	$0	$0
JOHN SCHWARTZ	Director	Director	$0	$0	$0
TERESA SMITH	Treasurer	Officer Director	$0	$0	$0
ROSS WEAR	Director	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
2023	$515,515	$90,916	$1,641,971	$424,599
2022	$133,301	$88,200	$1,219,535	$45,101
2021	$151,054	$137,794	$1,249,281	$13,260
2020	$98,054	$94,050	$1,235,960	$4,004
2019	$113,755	$82,661	$1,276,080	$31,094
2018	$111,284	$88,440	$1,245,271	$22,844

CARTHAGE INDUSTRIAL DEVELOPMENT CORPORATION