Carrington Charitable Foundation (EIN 272073758) - 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

2010

Legal Domicile

Principal Officer

Tim Richthammer

Phone

2036616186

Tax Period

2024-01-01 to 2024-12-31

Carrington Charitable Foundation, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $589K, a strong 32% operating margin.

Mission

PROVIDE A PLATFORM TO SUPPORT NONPROFIT ORGANIZATIONS AND COMMUNITIES ACROSS THE UNITED STATES THROUGH CAUSES THAT REFLECT THE INTERESTS OF THE COMPANY'S LEADERS AND EMPLOYEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,247,612

Program Service Revenue $0

Investment Income $52,501

Other Revenue $-480,523

TOTAL REVENUE $1,819,590

Expense Breakdown

Grants Paid $1,160,446

Salaries & Benefits $0

Fundraising Expenses $19,253

Program Expenses $1,182,234

Other Expenses $69,922

TOTAL EXPENSES $1,230,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,819,590	$1,544,149	+0.2%
Expenses	$1,230,368	$2,200,016	-0.4%
Net Income	$589,222	$-655,867	-1.9%

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

450

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
Rosemary Rose	Chairpereson & Director	30.0	Director	$0	$0	$0
Lori Grigg	DIRECTOR AND VICE CHAIR	1.0	Director	$0	$0	$0
MICHELLE LAWRENCE	DIRECTOR AND VICE CHAIR	35.0	Officer Director	$0	$0	$0
TIM RICHTHAMMER	TREASURER	1.0	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	$1,819,590	$1,230,368	$2,308,982	$589,222
2023	$1,544,149	$2,200,016	$1,728,724	$-655,867
2022	$1,728,676	$1,972,025	$2,537,869	$-243,349
2021	$1,581,451	$1,937,947	$2,802,416	$-356,496
2020	$1,631,424	$1,582,359	$3,421,475	$49,065
2020	$1,631,424	$1,582,359	$3,421,475	$49,065

Carrington Charitable Foundation