KAREN CARNS FOUNDATION (EIN 421552724) - 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

2004

Legal Domicile

Principal Officer

JIM KELLY

Phone

5132935280

Tax Period

2025-01-01 to 2025-12-31

KAREN CARNS FOUNDATION, founded in 2004, is a small nonprofit in the Human Services sector that reported $161K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $62K, a strong 39% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND SCHOLARSHIPS TO STUDENTS IN NEED. TO ALSO PROVIDE WINTER COATS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $130,445

Program Service Revenue $0

Investment Income $11,598

Other Revenue $18,978

TOTAL REVENUE $161,021

Expense Breakdown

Grants Paid $30,055

Salaries & Benefits $21,000

Fundraising Expenses $0

Program Expenses $70,105

Other Expenses $47,551

TOTAL EXPENSES $98,606

Year-over-Year Comparison

	2025	2024	Change
Revenue	$161,021	$179,386	-0.1%
Expenses	$98,606	$142,118	-0.3%
Net Income	$62,415	$37,268	+0.7%

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
TOM CARNS	FOUNDER	N/A	Director	$0	$0	$0
STEVE HENGEHOLD	LEGAL	N/A	Director	$0	$0	$0
JIM KELLY	PRESIDENT	N/A	Officer	$0	$0	$0
ALLEN WALLANDER	TREASURER	N/A	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	$161,021	$98,606	$847,965	$62,415
2024	$179,386	$142,118	$779,058	$37,268
2023	$281,181	$121,039	$741,790	$160,142
2022	$243,572	$159,717	$581,648	$83,855
2021	$237,335	$162,998	$497,793	$74,337
2020	$233,049	$235,817	$423,456	$-2,768
2019	$362,735	$255,855	$426,224	$106,880
2018	$269,933	$241,229	$319,344	$28,704

KAREN CARNS FOUNDATION