CARO COMMUNITY HOSPITAL ENDOWMENT FOUNDATION

EIN: 382422995 501(c)(3) Philanthropy & Grantmaking

CARO, MI

Total Revenue
$21,954
Total Expenses
$3,380
Total Assets
$623,911
Net Assets
$623,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MI
Principal Officer
CONNIE KOUTOUZOS
Phone
9896733141
Tax Period
2023-10-01 to 2024-09-30

CARO COMMUNITY HOSPITAL ENDOWMENT FOUNDATION, founded in 1999, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $22K in total revenue in fiscal year 2023. The organization ran a surplus of $19K, a strong 85% operating margin.

Mission

TO PROVIDE SUPPORT FOR CARO COMMUNITY HOSPITAL BY RAISING FUNDS TO BE APPLIED TOWARD THE PURCHASE OF NEEDED CAPITAL EQUIPMENT.

Program Service Accomplishments

Program 1
Expenses: $1,500

CONTRIBUTIONS TO CARO COMMUNITY HOSPITAL AND THE SURROUNDING 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,443
Program Service Revenue $0
Investment Income $10,816
Other Revenue $-7,305
TOTAL REVENUE $21,954

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,500
Other Expenses $1,880
TOTAL EXPENSES $3,380

Year-over-Year Comparison

2023 2022 Change
Revenue $21,954 $20,980 +0.0%
Expenses $3,380 $7,068 -0.5%
Net Income $18,574 $13,912 +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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
20

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
2
$560,929
Total Directors
8
$560,929
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE KOUTOUZOS PRESIDENT & CEO 4.00
Officer Director
$0 $99,518 $560,929
KRISTEN WEAVER CHAIRMAN 0.10
Officer Director
$0 $0 $0
RANDY BECK DIRECTOR 0.10
Director
$0 $0 $0
ASHLEY BENNETT DIRECTOR 0.10
Director
$0 $0 $0
TINA BACON SECRETARY 0.10
Director
$0 $0 $0
JONATHAN CUMMINGS DIRECTOR 0.10
Director
$0 $0 $0
BRENDA POMEROY VICE CHAIR 0.10
Director
$0 $0 $0
JAYNE GLAZA DIRECTOR 0.10
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
2024 $21,954 $3,380 $623,911 $18,574
2023 $20,980 $7,068 $605,546 $13,912
2022 $1,832 $89,631 $591,425 $-87,799
2021 $24,750 $2,525 $679,249 $22,225
2020 $21,877 $42,786 $656,586 $-20,909
2019 $47,491 $2,739 $677,495 $44,752
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