OUR LADY OF MOUNT CARMEL INC (EIN 410988041) - 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

1972

Legal Domicile

Principal Officer

KATHLEEN BORGERDING

Phone

3202531398

Tax Period

2023-10-01 to 2024-09-30

OUR LADY OF MOUNT CARMEL INC, founded in 1972, is a micro nonprofit that reported $40K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $62K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO CONDUCT, PROMOTE, MAINTAIN AND TEACH CATHOLIC RELIGION; AID THE NEEDY, LAME, BLIND AND AFFLICTED; AND TO OTHERWISE PROMOTE ANY FORM OF SCIENTIFIC, EDUCATIONAL AND RELIGIOUS PURPOSE.

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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 $39,889

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,520

Other Expenses $62,468

TOTAL EXPENSES $62,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,889	$28,134	+0.4%
Expenses	$62,468	$53,894	+0.2%
Net Income	$-22,579	$-25,760	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STOLPMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEAN HAVLISH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GLEN BORGERDING	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHLEEN BORGERDING	TREASURER	2.00	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	No data	No data	No data	No data
2024	$39,889	$62,468	$403,382	$-22,579
2023	$28,134	$53,894	$425,961	$-25,760
2022	$24,826	$38,686	$451,721	$-13,860
2021	$27,472	$39,007	$465,581	$-11,535
2020	$29,493	$47,500	$477,116	$-18,007

OUR LADY OF MOUNT CARMEL INC