Cars for Charities Co (EIN 453117580) - 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

2011

Legal Domicile

Principal Officer

Carl Fry

Phone

3166341800

Tax Period

2023-01-01 to 2023-12-31

Cars for Charities Co, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $127K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $155K exceeded revenue, resulting in a 22% operating deficit.

Mission

This organization was established to produce and operate car shows for the benefit of charitable organizations.

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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 $35,487

Program Service Revenue $0

Investment Income $284

Other Revenue $91,635

TOTAL REVENUE $127,406

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,000

Other Expenses $5,000

TOTAL EXPENSES $155,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,406	$81,443	+0.6%
Expenses	$155,000	$76,482	+1.0%
Net Income	$-27,594	$4,961	-6.6%

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

170

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
Carl Fry	President	1.00	Officer Director	$0	$0	$0
John Saindon	Vice President	1.00	Officer Director	$0	$0	$0
Mark Keeny	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Laura Bernsdorf	Director	1.00	Director	$0	$0	$0
Mark Little	Director	1.00	Director	$0	$0	$0
Kevin Cardwell	Director	1.00	Director	$0	$0	$0
Mary Rickords	Director	1.00	Director	$0	$0	$0
Mike Rickords	Director	1.00	Director	$0	$0	$0
Bernie Grant	Director	1.00	Director	$0	$0	$0
Drew Holmes	Director	1.00	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
2023	$127,406	$155,000	$83,398	$-27,594
2022	$81,443	$76,482	$110,992	$4,961
2021	$83,321	$98,336	$106,031	$-15,015
2020	$218,171	$223,206	$121,166	$-5,035
2019	$128,669	$106,400	$126,081	$22,269
2018	$106,467	$117,280	$103,887	$-10,813

Cars for Charities Co