THE CARTER FOUNDATION

EIN: 471894997 501(c)(3) Youth Development

MERIDIAN, MS

Total Revenue
$11,500
Total Expenses
$80,091
Total Assets
$147,926
Net Assets
$138,313
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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
MS
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

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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%)

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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

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Governance

Voting Members
5
Independent Members
N/A
Employees
1
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
0
$0
Total Directors
1
$46,923
Key Employees
0
$0
Highest Compensated
0
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
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