CARNEGIE AFC INC (EIN 382889889) - 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

1989

Legal Domicile

Principal Officer

HYACINTH AKUNNE

Phone

7349737764

Tax Period

2024-10-01 to 2025-09-30

CARNEGIE AFC INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

24 Hour residential care to adults with mental illness.

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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 $0

Program Service Revenue $1,200,490

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,200,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $965,780

Fundraising Expenses $0

Program Expenses $1,356,490

Other Expenses $434,152

TOTAL EXPENSES $1,399,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,200,490	$1,234,600	0.0%
Expenses	$1,399,932	$1,334,359	+0.0%
Net Income	$-199,442	$-99,759	+1.0%

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

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

$23,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYACINTH AKUNNE	PRESIDENT	10.00	Officer	$23,999	$0	$23,999
Joseph Nwabueze	Chairperson	0.00	Officer Director	$0	$0	$0
Jane Patrick	Secretary	0.00	Officer Director	$0	$0	$0
Mark Bliss	Treasurer	0.00	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	$1,200,490	$1,399,932	$137,830	$-199,442
2024	$1,234,600	$1,334,359	$90,021	$-99,759
2023	$1,308,040	$1,407,054	$189,780	$-99,014
2022	$1,694,159	$1,363,884	$288,794	$330,275
2021	$1,135,030	$1,193,549	$57,485	$-58,519
2020	$1,096,610	$1,061,454	$175,838	$35,156
2019	$1,012,657	$893,750	$67,515	$118,907
2018	$851,175	$865,859	$33,817	$-14,684

CARNEGIE AFC INC