IDA CARSON MINISTRIES (EIN 320699945) - 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

2022

Legal Domicile

Principal Officer

IDA CARSON

Phone

9373078898

Tax Period

2024-01-01 to 2024-12-31

IDA CARSON MINISTRIES, founded in 2022, is a micro nonprofit in the Religion sector that reported $9K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 216% operating deficit.

Mission

OUR PURPOSE IS TO SERVE THOSE IN OUR LOCAL COMMUNITY AND PROVIDE SUPPORT AND ASSISTANCE TO CAREGIVERS WHO CARE FOR THE SICK, FRAIL, ELDERLY, AND CHILDREN.

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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 $8,821

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,854

Other Expenses $27,854

TOTAL EXPENSES $27,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,821	$12,447	-0.3%
Expenses	$27,854	$26,204	+0.1%
Net Income	$-19,033	$-13,757	+0.4%

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
IDA CARSON	PRESIDENT-CE	N/A	Officer Director	$0	$0	$0
JOEL CARSON	TRUSTEE	N/A	Director	$0	$0	$0
ROBBIN JACKSON	EXECUTIVE AD	N/A	Officer Director	$0	$0	$0
FELICIA RIDGEWAY	BOARD CHAIR	N/A	Director	$0	$0	$0
SHAVAWN RIDGEWAY	CHIEF FINANC	N/A	Officer 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
2025	No data	No data	No data	No data
2024	$8,821	$27,854	$18,043	$-19,033
2023	$12,447	$26,204	$12,038	$-13,757
2022	$4,094	$15,006	$190	$-10,912

IDA CARSON MINISTRIES