NEW MOUNT CARMEL FOUNDATION INC (EIN 263332215) - 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

2008

Legal Domicile

Principal Officer

BR ANDREW BRIDGES

Phone

3076453310

Tax Period

2023-01-01 to 2023-12-31

NEW MOUNT CARMEL FOUNDATION INC, founded in 2008, is a small nonprofit in the Religion sector that reported $883K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 114% operating deficit.

Mission

TO SERVE THE TEMPORAL NEEDS OF THE MONKS OF THE MOST BLESSED VIRGIN MARY OF MOUNT CARMEL BY BRINGING TOGETHER DONATIONS FROM DISPARATE SOURCES AND FACILITATING THE PURCHASE AND DEVELOPMENT OF A NEW MONASTERY FOR THIS RAPIDLY GROWING COMMUNITY OF YOUNG MONKS.

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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 $718,566

Program Service Revenue $36,000

Investment Income $128,291

Other Revenue $0

TOTAL REVENUE $882,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,888,863

Other Expenses $1,891,845

TOTAL EXPENSES $1,891,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$882,857	$1,253,550	-0.3%
Expenses	$1,891,845	$543,313	+2.5%
Net Income	$-1,008,988	$710,237	-2.4%

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

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
BR ANDREW BRIDGES	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIEL CATONE	BOARD MEMBER	2.00	Director	$0	$0	$0
S JOSEPH DARRAH	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF GOLINI	TREASURER	2.00	Director	$0	$0	$0
RITA LOVELL	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$882,857	$1,891,845	$40,293,641	$-1,008,988
2022	$1,253,550	$543,313	$41,268,347	$710,237
2021	$8,734,020	$171,061	$40,558,110	$8,562,959
2020	$735,362	$141,388	$32,001,680	$593,974
2019	$2,096,944	$115,047	$31,393,315	$1,981,897
2018	$2,443,007	$82,875	$29,414,553	$2,360,132

NEW MOUNT CARMEL FOUNDATION INC