CAROLYN L FARRELL FOUNDATION FOR B… - Form 990 Financial Data

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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

ANDREW MANGELS

Phone

4404140434

Tax Period

2023-01-01 to 2023-12-31

CAROLYN L FARRELL FOUNDATION FOR BRAIN HEALTH is a small nonprofit in the Diseases & Disorders sector that reported $240K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 37% operating margin.

Mission

ARTS ENRICHMENT PROGRAMS FOR INDIVIDUALS WITH DEMENTIA AND THEIR CARE PARTNERS.

Program Service Accomplishments

Program 1

Expenses: $125,492 Revenue: $3,862

ARTS ENRICHMENT PROGRAMS FOR INDIVIDUALS WITH DEMENTIA AND THEIR CARE PARTNERS. THE FOUNDATION HOLDS SEVERAL WEEKLY PROGRAMS WITH OVER 2,604 AGGREGRATE ENCOUNTERS. DURING 2023 220 DIFFERENT ARTS...

ARTS ENRICHMENT PROGRAMS FOR INDIVIDUALS WITH DEMENTIA AND THEIR CARE PARTNERS. THE FOUNDATION HOLDS SEVERAL WEEKLY PROGRAMS WITH OVER 2,604 AGGREGRATE ENCOUNTERS. DURING 2023 220 DIFFERENT ARTS ENRICHMENT SESSIONS WERE HELD FOR THE BENEFIT OF THOSE WITH DEMENTIA.

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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 $202,179

Program Service Revenue $3,862

Investment Income $1

Other Revenue $33,497

TOTAL REVENUE $239,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,768

Other Expenses $151,826

TOTAL EXPENSES $151,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,539	$153,290	+0.6%
Expenses	$151,826	$142,921	+0.1%
Net Income	$87,713	$10,369	+7.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY FALLER	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES J FARRELL MD	DIRECTOR/FOU	2.00	Director	$0	$0	$0
ED FARRELL	DIRECTOR	2.00	Director	$0	$0	$0
CARMEN IDITOIU	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW MANGELS	BOARD PRESID	2.00	Officer Director	$0	$0	$0
SALLY OLLERTON	SECRETARY	2.00	Officer Director	$0	$0	$0
BETSY WALLACE	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$239,539	$151,826	$205,457	$87,713
2022	$153,290	$142,921	$117,813	$10,369
2021	$184,251	$127,292	$129,417	$56,959

CAROLYN L FARRELL FOUNDATION FOR BRAIN HEALTH