CAREY FAMILY FOUNDATION INC (EIN 270999929) - 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

FELIX WILLIAMS

Phone

3056537350

Tax Period

2023-01-01 to 2023-12-31

CAREY FAMILY FOUNDATION INC, founded in 2009, is a small nonprofit in the Youth Development sector that reported $182K in total revenue in fiscal year 2023. Expenses of $157K left a modest 14% surplus.

Mission

The foundation will create programs and provide support to encourage the improvement of our youth. These programs are designed to enhance educational development and economic opportunities within the community

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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 $184,203

Program Service Revenue $0

Investment Income $0

Other Revenue $-2,016

TOTAL REVENUE $182,187

Expense Breakdown

Grants Paid $92,902

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,902

Other Expenses $64,051

TOTAL EXPENSES $156,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,187	$169,790	+0.1%
Expenses	$156,953	$138,273	+0.1%
Net Income	$25,234	$31,517	-0.2%

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
FELIX WILLIAMS	EXECUTIVE DIRECTOR	30.00	Officer	$0	$0	$0
VERNON CAREY	PRESIDENT	10.00	Officer	$0	$0	$0
LATAVIA BANKS	VICE PRESIDENT	10.00	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	$182,187	$156,953	$228,865	$25,234
2022	$169,790	$138,273	$203,631	$31,517
2021	$134,739	$66,439	$172,115	$68,300
2020	$116,611	$80,852	$103,814	$35,759
2019	$86,714	$131,360	$68,055	$-44,646
2018	$125,378	$84,842	$112,701	$40,536

CAREY FAMILY FOUNDATION INC