THE CART FUND INC (EIN 311466051) - 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

1995

Legal Domicile

Principal Officer

JOHNNY HILTON

Phone

8034684054

Tax Period

2024-07-01 to 2025-06-30

THE CART FUND INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $902K, a strong 41% operating margin.

Mission

RAISE FUNDS FOR ALZHEIMERS RESEARCH

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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 $2,030,581

Program Service Revenue $0

Investment Income $157,447

Other Revenue $0

TOTAL REVENUE $2,188,028

Expense Breakdown

Grants Paid $1,281,153

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,281,153

Other Expenses $4,396

TOTAL EXPENSES $1,285,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,188,028	$1,290,912	+0.7%
Expenses	$1,285,549	$1,115,169	+0.2%
Net Income	$902,479	$175,743	+4.1%

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
CAROL BURDETTE	PRESIDENT	N/A	Officer	$0	$0	$0
GARY GOFORTH	VP OF GRANTS	N/A	Officer	$0	$0	$0
JOHNNY HILTON	VP OF FINANC	N/A	Officer	$0	$0	$0
CHARLES OVERBY	TREASURER	N/A	Officer	$0	$0	$0
JOHN POWELL	SECRETARY	N/A	Officer	$0	$0	$0
JIMMIE WILLIAMSON	VICE PRESIDE	N/A	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
2025	$2,188,028	$1,285,549	$4,630,197	$902,479
2024	$1,290,912	$1,115,169	$2,959,857	$175,743
2024	$1,343,500	$1,167,757	$2,959,857	$175,743
2023	$1,945,040	$898,544	$2,784,114	$1,046,496
2022	$808,184	$954,759	$1,737,618	$-146,575
2021	$1,074,036	$1,242,147	$1,992,612	$-168,111
2021	$1,074,036	$1,242,147	$1,992,612	$-168,111
2020	$938,177	$616,712	$2,087,170	$321,465
2019	$1,206,168	$768,169	$1,765,705	$437,999
2018	$877,605	$678,763	$1,327,706	$198,842

THE CART FUND INC