CARPENTER PLACE INC

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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

1946

Legal Domicile

Principal Officer

MICAH LEWIS

Phone

3169423221

Tax Period

2024-10-01 to 2025-09-30

CARPENTER PLACE INC, founded in 1946, is a small nonprofit that reported $794K in total revenue in fiscal year 2024. Expenses of $885K exceeded revenue, resulting in a 11% operating deficit.

Mission

NURTURING DEEPLY HURTING GIRLS TO RESTORED RELATIONSHIPS WITH GOD, FAMILY, AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $476,015 Revenue: $87,156

RESIDENTIAL TREATMENT PROGRAMS FOR GIRLS 6 TO 18 YEARS OF AGE. PROGRAM INCLUDES EDUCATION, TRAINING, COUNSELING, FOSTER CARE AND PREPARATION FOR INDEPENDENT LIVING.

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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 $534,440

Program Service Revenue $88,456

Investment Income $176,272

Other Revenue $-4,850

TOTAL REVENUE $794,318

Expense Breakdown

Grants Paid $13,689

Salaries & Benefits $533,485

Fundraising Expenses $80,461

Program Expenses $476,015

Other Expenses $337,486

TOTAL EXPENSES $884,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$794,318	$827,729	0.0%
Expenses	$884,660	$832,873	+0.1%
Net Income	$-90,342	$-5,144	+16.6%

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

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

$107,306

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JOHNSON	PAST BOARD CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
SYDNEY ZALDIVAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE SCHERZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CASIE REESE	BOARD MEMBER	1.00	Director	$0	$0	$0
STAN HANCOCK	BOARD CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
CJ GILKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICAH LEWIS	BOARD VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BUNCH	CEO	40.00	Officer	$83,265	$24,041	$107,306

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
2025	$794,318	$884,660	$4,598,832	$-90,342
2024	$827,729	$832,873	$4,562,397	$-5,144
2023	$1,794,706	$819,947	$4,260,330	$974,759
2022	$683,217	$789,860	$3,251,234	$-106,643
2021	$1,145,187	$784,335	$3,540,282	$360,852
2020	$1,074,057	$730,897	$3,164,369	$343,160
2019	$1,447,648	$709,046	$2,741,593	$738,602
2018	$1,101,876	$716,779	$2,005,557	$385,097