FRIENDS OF CARROLLWOOD CULTURAL CENTER INC (EIN 300224777) - 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

2002

Legal Domicile

Principal Officer

WILLIAM DEMARE

Phone

8132691310

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF CARROLLWOOD CULTURAL CENTER INC, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE MISSION OF THE CARROLLWOOD CULTURAL CENTER IS TO CREATE CULTURE THROUGH COMMUNITY AND COMMUNITY THROUGH CULTURE.

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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 $525,708

Program Service Revenue $475,295

Investment Income $1,946

Other Revenue $2,727

TOTAL REVENUE $1,005,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $557,285

Fundraising Expenses $59,875

Program Expenses $757,682

Other Expenses $459,752

TOTAL EXPENSES $1,017,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,005,676	$1,086,145	-0.1%
Expenses	$1,017,037	$1,073,927	-0.1%
Net Income	$-11,361	$12,218	-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

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
SUSAN BAXTER-GIBSON	VICE PRESIDE	20.00	Officer Director	$0	$0	$0
EVELYN BLESS	DIRECTOR	15.00	Director	$0	$0	$0
WILLIAM DEMARE	PRESIDENT	20.00	Officer Director	$0	$0	$0
JENIFER MIRIN	DIRECTOR	15.00	Director	$0	$0	$0
ALAN PRESTON	TREASURER	20.00	Officer Director	$0	$0	$0
CRAIG RUSKA	SECRETARY	20.00	Officer Director	$0	$0	$0
NEIL SMITH	DIRECTOR	15.00	Director	$0	$0	$0
GIGI YUEN-REED	DIRECTOR	15.00	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	$1,005,676	$1,017,037	$46,073	$-11,361
2023	$1,086,145	$1,073,927	$99,352	$12,218
2022	$998,023	$959,603	$60,385	$38,420
2021	$802,379	$774,432	$7,203	$27,947
2020	$755,129	$798,598	$7,493	$-43,469
2019	$938,593	$942,898	$11,017	$-4,305
2018	$869,800	$851,672	$43,428	$18,128

FRIENDS OF CARROLLWOOD CULTURAL CENTER INC