CARMEL CITY CENTER COMMUNITY DEVELOPMENT CORPORATION (EIN 270982122) - 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

2009

Legal Domicile

Principal Officer

Ronald E Carter

Phone

3178444605

Tax Period

2023-01-01 to 2023-12-31

CARMEL CITY CENTER COMMUNITY DEVELOPMENT CORPORATION, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $166K in total revenue in fiscal year 2023. Expenses of $620K exceeded revenue, resulting in a 273% operating deficit.

Mission

Carmel City Center Community Development Corporation is operated exclusively to benefit, perform and carry out the charitable, educational, and recreational purposes of the City of Carmel, Indiana, as requested by the City.

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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 $334

Other Revenue $165,639

TOTAL REVENUE $165,973

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,000

Other Expenses $571,723

TOTAL EXPENSES $619,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,973	$-1,466,034	-1.1%
Expenses	$619,723	$332,638	+0.9%
Net Income	$-453,750	$-1,798,672	-0.7%

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
Ron Carter	President	3.00	Officer	$0	$0	$0
Deborah Schmitz	Board Member	1	Officer	$0	$0	$0
Darin Bibeau	Board Member	1	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	No data	No data	No data	No data
2023	$165,973	$619,723	$15,757,196	$-453,750
2022	$-1,466,034	$332,638	$16,327,739	$-1,798,672
2021	$1,315,248	$444,899	$9,249,859	$870,349
2020	$653,636	$423,893	$8,366,216	$229,743

CARMEL CITY CENTER COMMUNITY DEVELOPMENT CORPORATION