CAREYES FOUNDATION (EIN 460759245) - 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

2012

Legal Domicile

Principal Officer

FILIPPO BRIGNONE

Phone

2135372770

Tax Period

2023-01-01 to 2023-12-31

CAREYES FOUNDATION, founded in 2012, is a small nonprofit in the Human Services sector that reported $128K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $312K exceeded revenue, resulting in a 144% operating deficit.

Mission

THE MISSION OF CAREYES FOUNDATION CAREYES FOUNDATION IS TO CATALYZE INNOVATIVE PROGRAMS IN EDUCATION, ENVIRONMENT, WELLNESS, AND THE ARTS TO IMPROVE THE WELL-BEING OF LOCAL COMMUNITIES ALONG THE CONT. SCH O.

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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 $117,608

Program Service Revenue $0

Investment Income $21,545

Other Revenue $-11,150

TOTAL REVENUE $128,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,651

Fundraising Expenses $37,552

Program Expenses $227,488

Other Expenses $223,605

TOTAL EXPENSES $312,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,003	$207,702	-0.4%
Expenses	$312,256	$188,650	+0.7%
Net Income	$-184,253	$19,052	-10.7%

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

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

$16,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH LERMAN THROUGH AUG 2023	DIRECTOR	040.00	Officer	$16,000	$0	$16,000
FILIPPO BRIGNONE	PRESIDENT BOARD MEMBER	004.00	Officer Director	$0	$0	$0
EMANUELA BRIGNONE CATTANEO	SECRETARY BOARD MEMBER	001.00	Officer Director	$0	$0	$0
ISABEL SANTO TOMAS	TREASURER BOARD MEMBER	001.00	Officer Director	$0	$0	$0
JONATHAN CONGDON	BOARD MEMBER	001.00	Director	$0	$0	$0
GUILLERMO BARNETCHE DAVISON	BOARD MEMBER	001.00	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	$128,003	$312,256	$109,304	$-184,253
2022	$207,702	$188,650	$272,380	$19,052
2021	$259,790	$144,205	$238,021	$115,585
2020	$145,786	$189,074	$120,526	$-43,288
2019	$182,177	$165,979	$163,235	$16,198
2018	$178,086	$135,202	$165,959	$42,884

CAREYES FOUNDATION