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

EIN: 237337255 501(c)(3)

WILMINGTON, DE

Total Revenue
$6,763
Total Expenses
$3,885
Total Assets
$495,541
Net Assets
$495,541
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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
DE
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.

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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%)

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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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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