FRIENDS OF JANE'S CAROUSEL INC C/O TWO TREES MANAGEMENT (EIN 272884199) - 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

RICK SHILL

Phone

7182222500

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF JANE'S CAROUSEL INC C/O TWO TREES MANAGEMENT, founded in 2010, is a small nonprofit in the Recreation & Sports sector that reported $765K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $896K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO OPERATE AND MAINTAIN A VINTAGE CAROUSEL FOR PRESENT AND FUTURE GENERATIONS TO ENJOY.

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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 $3,864

Program Service Revenue $756,680

Investment Income $0

Other Revenue $4,114

TOTAL REVENUE $764,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $659,303

Fundraising Expenses $0

Program Expenses $595,986

Other Expenses $236,729

TOTAL EXPENSES $896,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$764,658	$1,021,562	-0.3%
Expenses	$896,032	$780,441	+0.1%
Net Income	$-131,374	$241,121	-1.5%

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

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

$175,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LAMPARIELLO	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK SHILL	TREASURER	1.00	Officer Director	$0	$0	$0
JANET SANTOS	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHERINE R ROTH	DIRECTOR	35.00	Director	$175,000	$0	$175,000

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	$764,658	$896,032	$371,858	$-131,374
2022	$1,021,562	$780,441	$503,232	$241,121
2021	$488,765	$566,637	$262,111	$-77,872
2020	$125,332	$456,150	$291,397	$-330,818
2019	$792,478	$622,980	$622,215	$169,498
2018	$668,014	$631,384	$452,717	$36,630

FRIENDS OF JANE'S CAROUSEL INC C/O TWO TREES MANAGEMENT