CARMEL RESIDENCE INC (EIN 391448325) - 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

1988

Legal Domicile

Principal Officer

THERESA M BERTRAM

Phone

9202354653

Tax Period

2023-01-01 to 2023-12-31

CARMEL RESIDENCE INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $1000K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOUSING FOR AGING PERSONS.

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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 $37,722

Program Service Revenue $926,849

Investment Income $32,221

Other Revenue $3,116

TOTAL REVENUE $999,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,624

Fundraising Expenses $0

Program Expenses $743,459

Other Expenses $675,374

TOTAL EXPENSES $973,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$999,908	$913,349	+0.1%
Expenses	$973,998	$880,565	+0.1%
Net Income	$25,910	$32,784	-0.2%

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

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

$393,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BEECHER	CHAIR	0.20	Officer Director	$0	$0	$0
NATE OLSON	VICE CHAIR	0.20	Officer Director	$0	$0	$0
JAMIE BONELL	SECRETARY	0.20	Officer Director	$0	$0	$0
MARK BOETTCHER	BOARD MEMBER	0.20	Director	$0	$0	$0
DIANE LANGDON	BOARD MEMBER	0.20	Director	$0	$0	$0
STEW RIECKMAN	BOARD MEMBER	0.20	Director	$0	$0	$0
JASON LOWE	BOARD MEMBER	0.20	Director	$0	$0	$0
DR PAULA MCNIEL	BOARD MEMBER	0.20	Director	$0	$0	$0
JIM STAPEL	BOARD MEMBER	0.20	Director	$0	$0	$0
THERESA BERTRAM	PRESIDENT & CEO	4.00	Officer	$0	$0	$393,735

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	$999,908	$973,998	$4,063,048	$25,910
2022	$913,349	$880,565	$3,886,862	$32,784
2021	$737,574	$818,896	$4,063,819	$-81,322
2020	$796,659	$864,394	$3,811,588	$-67,735
2019	$752,751	$868,827	$4,444,625	$-116,076
2018	$770,557	$785,991	$4,278,937	$-15,434

CARMEL RESIDENCE INC