West Indian American Carnival Association Inc (EIN 237176396) - 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

1970

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

West Indian American Carnival Association Inc, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO ORGANIZE A WEEK LONG DISPLAY OF WEST INDIAN ART & CULTURE AND PRODUCE A STREET CARNIVAL PARADE

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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 $908,267

Program Service Revenue $550,959

Investment Income $3

Other Revenue $0

TOTAL REVENUE $1,459,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,014

Fundraising Expenses $0

Program Expenses $1,722,860

Other Expenses $1,973,567

TOTAL EXPENSES $1,994,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,459,229	$2,631,305	-0.4%
Expenses	$1,994,581	$1,519,626	+0.3%
Net Income	$-535,352	$1,111,679	-1.5%

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

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
CECILLE FORD	SECRETARY	Officer Director	$0	$0	$0
IONIE PIERCE	TREASURER	Officer Director	$0	$0	$0
RHEA SMITH	BOARD MEMBEER	Officer Director	$0	$0	$0
MICHELLE GIBBS	BOARD MEMBER	Officer Director	$0	$0	$0
ROGER ARCHIBALD	PRESIDENT	Officer Director Key Emp	$0	$0	$0
ANDREW MALONEY	CHAIR PERSON	Officer Director Key Emp	$0	$0	$0
SABRA RICHARDSON	BOARD MEMBER	Officer	$0	$0	$0
GREGORY COX	BOARD MEMBER	Officer	$0	$0	$0
KAREN CRAWFORD	BOARD MEMBER	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	$1,459,229	$1,994,581	$1,666,335	$-535,352
2023	$2,631,305	$1,519,626	$1,690,108	$1,111,679
2022	$1,286,596	$1,147,698	$619,890	$138,898
2021	$512,664	$410,630	$437,581	$102,034
2020	$568,861	$416,674	$400,947	$152,187
2019	$1,483,963	$1,212,714	$367,076	$271,249
2019	$1,541,127	$1,271,529	$367,077	$269,598
2018	$1,195,039	$986,717	$162,901	$208,322
2018	$1,122,834	$1,130,320	$104,680	$-7,486

West Indian American Carnival Association Inc