MOUNT CARMEL EDUCATIONAL FOUNDATION (EIN 363225194) - 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

1982

Legal Domicile

Principal Officer

JOHN MULHERIN

Phone

7733590469

Tax Period

2023-07-01 to 2024-06-30

MOUNT CARMEL EDUCATIONAL FOUNDATION, founded in 1982, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 96% operating margin.

Mission

SUPPORT THE CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES OF MOUNT CARMEL HIGH SCHOOL BY SECURING AND INVESTING FINANCIAL CONTRIBUTIONS THAT WILL ENSURE THE FUTURE FINANCIAL STABILITY OF THE SCHOOL.

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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 $1,005,163

Program Service Revenue $0

Investment Income $763,449

Other Revenue $-86,903

TOTAL REVENUE $1,681,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $20,440

Program Expenses $35,856

Other Expenses $66,710

TOTAL EXPENSES $66,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,681,709	$1,408,000	+0.2%
Expenses	$66,710	$156,734	-0.6%
Net Income	$1,614,999	$1,251,266	+0.3%

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

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
DAVE NOVOSEL	DIRECTOR	1.00	Director	$0	$0	$0
DON BARRY	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN CONROY	DIRECTOR	1.00	Director	$0	$0	$0
ANDY DIMAS	DIRECTOR	1.00	Director	$0	$0	$0
JIM KILBANE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MULHERIN	PRESIDENT	1.00	Officer	$0	$0	$0
THOMAS GIBBS	SECRETARY	1.00	Officer	$0	$0	$0
ROBERT MURPHY	TREASURER	1.00	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	No data	No data	No data	No data
2024	$1,681,709	$66,710	$14,895,818	$1,614,999
2023	$1,408,000	$156,734	$13,204,705	$1,251,266
2022	$2,361,120	$559,229	$11,460,568	$1,801,891
2021	$1,217,233	$534,152	$12,950,113	$683,081

MOUNT CARMEL EDUCATIONAL FOUNDATION