WALTER S CARPENTER JR TRUST FBO DE… - Form 990 Financial Data

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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

1962

Legal Domicile

Principal Officer

BROWN ADVISORY

Phone

3023517602

Tax Period

2023-01-01 to 2023-12-31

WALTER S CARPENTER JR TRUST FBO DE ACADEMY OF MEDICINE AMENDED 2013, founded in 1962, is a micro nonprofit that reported $7K in total revenue in fiscal year 2023. The organization ran a surplus of $3K, a strong 43% operating margin.

Mission

THE CHARITABLE TRUST WAS ESTABLISHED TO FINANCIALLY ASSIST THE DELAWARE ACADEMY OF MEDICINE, INC.

Program Service Accomplishments

Program 1

TO FINANCIALLY SUPPORT THE PROGRAMS, INCLUDING THE STUDENT LOAN PROGRAM, OF THE DELAWARE ACADEMY OF MEDICINE, INC. STUDENT LOAN INTEREST EARNED IS USED TO FURTHER THE STUDENT LOAN PROGRAM.

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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 $0

Investment Income $6,763

Other Revenue $0

TOTAL REVENUE $6,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,785

Fundraising Expenses $0

Other Expenses $1,100

TOTAL EXPENSES $3,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,763	$6,319	+0.1%
Expenses	$3,885	$15,776	-0.8%
Net Income	$2,878	$-9,457	-1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$2,785	$0	$2,785

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	$6,763	$3,885	$495,541	$2,878
2022	$6,319	$15,776	$491,072	$-9,457
2021	$21,766	$39,298	$502,975	$-17,532
2020	$7,613	$15,249	$494,516	$-7,636
2019	$17,591	$36,335	$397,135	$-18,744
2018	$76,884	$36,215	$415,942	$40,669

WALTER S CARPENTER JR TRUST FBO DE ACADEMY OF MEDICINE AMENDED 2013