CARVER COMMUNITY ORGANIZATION INC (EIN 350869030) - 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

1944

Legal Domicile

Principal Officer

DAVID WAGNER

Phone

8124232612

Tax Period

2023-01-01 to 2023-12-31

CARVER COMMUNITY ORGANIZATION INC, founded in 1944, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

CARVER COMMUNITY ORG, INC. IS PROVIDING CHILD CARE, AFTER SCHOOL YOUTH PROGRAMS, & SENIOR SERVICES WITHIN A SAFE ENVIRONMENT THAT TEACHES RESPECT FOR SELF, OTHERS & THE COMMUNITY.

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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 $698,889

Program Service Revenue $918,862

Investment Income $64

Other Revenue $2,191

TOTAL REVENUE $1,620,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,203,312

Fundraising Expenses $15,437

Program Expenses $1,670,713

Other Expenses $637,498

TOTAL EXPENSES $1,840,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,620,006	$1,553,449	+0.0%
Expenses	$1,840,810	$1,529,479	+0.2%
Net Income	$-220,804	$23,970	-10.2%

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

$130,203

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK CIRIGNANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES SUTTON	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
MARSHA JACKSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TYLER HUFFMAN	TREASURER	2.00	Officer Director	$0	$0	$0
JEAN REISING	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN BOINK	BOARD MEMBER	2.00	Director	$0	$0	$0
W HAROLD CALLOWAY	BOARD MEMBER	2.00	Director	$0	$0	$0
JASMINE COIT	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
KEESHA MEDLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
GILBERT RIFFLE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS RUTLEDGE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN RICCI	BOARD MEMBER	2.00	Director	$0	$0	$0
DIRKK SURLES	BOARD MEMBER	2.00	Director	$0	$0	$0
JADRIEN SUTTON	BOARD MEMBER	2.00	Director	$0	$0	$0
TALMADGE O VICK II	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANA WILDERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER WOLKING	BOARD MEMBER	2.00	Director	$0	$0	$0
MAURICE BRUNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID WAGNER	EXECUTIVE DIRECTOR	40.00	Officer	$116,294	$13,909	$130,203

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	$1,620,006	$1,840,810	$2,606,277	$-220,804
2022	$1,553,449	$1,529,479	$2,862,646	$23,970
2021	$1,712,706	$1,458,833	$2,915,268	$253,873
2020	$1,605,193	$1,490,448	$2,719,908	$114,745
2019	$1,453,205	$1,429,815	$2,643,581	$23,390
2018	$1,659,051	$1,513,330	$2,623,794	$145,721

CARVER COMMUNITY ORGANIZATION INC