DAVID M CARMINES MEMORIAL FUND (EIN 422454608) - 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

Principal Officer

BRIAN J CARMINES

Phone

8436819151

Tax Period

2024-01-01 to 2024-12-31

DAVID M CARMINES MEMORIAL FUND is a small nonprofit in the Medical Research sector that reported $190K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

PROMOTE CANCER RESEARCH; PROMOTE PUBLIC RECREATION AND OTHER CHARITABLE CONCERNS.

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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 $228,989

Program Service Revenue $0

Investment Income $84

Other Revenue $-39,450

TOTAL REVENUE $189,623

Expense Breakdown

Grants Paid $76,450

Salaries & Benefits $0

Fundraising Expenses $103,088

Program Expenses $76,450

Other Expenses $108,121

TOTAL EXPENSES $184,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,623	$200,119	-0.1%
Expenses	$184,571	$163,518	+0.1%
Net Income	$5,052	$36,601	-0.9%

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

N/A

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
ETTA DELMAR	MEMBER	4.00	Director	$0	$0	$0
KATHRYN C PORTER	MEMBER	3.00	Director	$0	$0	$0
FRANK SOULE	PROGRAM COOR	2.00	Director	$0	$0	$0
JAMES WEDGEWORTH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW J CARMINES	TREASURER	4.00	Officer	$0	$0	$0
BRIAN J CARMINES	PRESIDENT	2.00	Officer	$0	$0	$0
GLORIA M CARMINES	SECRETARY	2.00	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
2024	$189,623	$184,571	$171,669	$5,052
2023	$200,119	$163,518	$95,360	$36,601
2022	$94,699	$141,228	$121,773	$-46,529
2021	$75,196	$132,835	$119,665	$-57,639
2020	$144,726	$91,452	$108,741	$53,274
2019	$209,735	$212,367	$120,334	$-2,632
2018	$204,005	$178,025	$63,799	$25,980

DAVID M CARMINES MEMORIAL FUND