CARMEL CLAY EDUCATION FOUNDATION

EIN: 356066912 501(c)(3) Education

CARMEL, IN

Total Revenue
$382,812
Total Expenses
$527,756
Total Assets
$2,536,849
Net Assets
$2,527,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
IN
Principal Officer
DALLAS SHELBY
Phone
3178449961
Tax Period
2023-07-01 to 2024-06-30

CARMEL CLAY EDUCATION FOUNDATION, founded in 1966, is a small nonprofit in the Education sector that reported $383K in total revenue in fiscal year 2023. Expenses of $528K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROMOTE ACADEMIC ACHIEVEMENT AND LIFELONG LEARNING IN CARMEL CLAY STUDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $367,778
Program Service Revenue $0
Investment Income $3,971
Other Revenue $11,063
TOTAL REVENUE $382,812

Expense Breakdown

Grants Paid $235,394
Salaries & Benefits $157,837
Fundraising Expenses $0
Program Expenses $448,057
Other Expenses $134,525
TOTAL EXPENSES $527,756

Year-over-Year Comparison

2023 2022 Change
Revenue $382,812 $367,192 +0.0%
Expenses $527,756 $382,233 +0.4%
Net Income $-144,944 $-15,041 +8.6%
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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Governance

Voting Members
24
Independent Members
24
Employees
4
Volunteers
120

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
8
$95,874
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALLAS SHELBY PRESIDENT 2.00
Officer Director
$0 $0 $0
PETER PRIMASON VP GOVERNANCE 2.00
Officer Director
$0 $0 $0
KELSEA SIMPSON VP FINANCE 2.00
Officer Director
$0 $0 $0
KRIS WHEELER VP IMPACT 2.00
Officer Director
$0 $0 $0
SAM HARRIS VP OUTREACH 2.00
Officer Director
$0 $0 $0
KATHY HOLCOMB SECRETARY 2.00
Officer Director
$0 $0 $0
TRICIA REYNOLDS IMMEDIATE PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
KRISTINE AMICK MEMBER AT LARGE 2.00
Director
$0 $0 $0
DR MICHAEL BERESFORD MEMBER AT LARGE 2.00
Director
$0 $0 $0
ANN BERNARD MEMBER AT LARGE 2.00
Director
$0 $0 $0
SEAMUS BOYCE MEMBER AT LARGE 2.00
Director
$0 $0 $0
EMILY EHRGOTT MEMBER AT LARGE 2.00
Director
$0 $0 $0
JON FERGUSON MEMBER AT LARGE 2.00
Director
$0 $0 $0
LISA HANSEN MEMBER AT LARGE 2.00
Director
$0 $0 $0
WILLIAM L HOWARD II MEMBER AT LARGE 2.00
Director
$0 $0 $0
MISSY KING MEMBER AT LARGE 2.00
Director
$0 $0 $0
BECKY KUCHARSKI MEMBER AT LARGE 2.00
Director
$0 $0 $0
ANDREW PINEGAR MEMBER AT LARGE 2.00
Director
$0 $0 $0
KELLI PRADER MEMBER AT LARGE 2.00
Director
$0 $0 $0
AMY BLUME MEMBER AT LARGE 2.00
Director
$0 $0 $0
RAMONA RICE MEMBER AT LARGE 2.00
Director
$0 $0 $0
VENKATA TADIKONDA MEMBER AT LARGE 2.00
Director
$0 $0 $0
LESLIE TESKEY MEMBER AT LARGE 2.00
Director
$0 $0 $0
HEIDI WILSON MEMBER AT LARGE 2.00
Director
$0 $0 $0
JENNIFER PENIX EXECUTIVE DIRECTOR 40.00
Officer
$75,344 $20,530 $95,874
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 $382,812 $527,756 $2,536,849 $-144,944
2023 $367,192 $382,233 $2,242,333 $-15,041
2022 $156,752 $270,343 $2,261,920 $-113,591
2021 $307,366 $355,221 $2,374,932 $-47,855
2020 $275,234 $260,792 $2,377,064 $14,442
2019 $298,632 $227,757 $2,240,283 $70,875
2018 $262,709 $237,891 $2,013,824 $24,818
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