THE CARTER FOUNDATION

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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

2014

Legal Domicile

Principal Officer

JAMES CARTER

Phone

6014802321

Tax Period

2024-01-01 to 2024-12-31

THE CARTER FOUNDATION, founded in 2014, is a micro nonprofit in the Youth Development sector that reported $12K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $80K exceeded revenue, resulting in a 596% operating deficit.

Mission

INSPIRING THE YOUTH AND BRINGING UNITY TO THE COMMUNITIES OF MISSISSIPPI

Program Service Accomplishments

Program 1

We have an athletic program that provides transportation and any other cost associated with it to take the children that are in the program to different places within the US. We have a community...

We have an athletic program that provides transportation and any other cost associated with it to take the children that are in the program to different places within the US. We have a community program where the children in the program provided services to the elderly, such as, yard maintenance, home repairs, painting, etc. We have a communications program where the children in the program have access to communications equipment to use their voice to inspire the youth in their communities.

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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 $11,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,513

Fundraising Expenses $0

Other Expenses $18,760

TOTAL EXPENSES $80,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,500	$7,475	+0.5%
Expenses	$80,091	$118,923	-0.3%
Net Income	$-68,591	$-111,448	-0.4%

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

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

$46,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CARTER	CEO	060.00	Director	$46,923	$0	$46,923

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	$11,500	$80,091	$147,926	$-68,591
2023	$7,475	$118,923	$222,577	$-111,448
2022	No data	$6,976	$345,686	No data
2021	$525,770	$68,471	$433,048	$457,299
2020	No data	No data	No data	No data
2019	No data	No data	No data	No data