THE CAROLINE FOUNDATION INC (EIN 520906348) - 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

1967

Legal Domicile

Principal Officer

TERRY MEAD

Phone

4103102030

Tax Period

2024-07-01 to 2025-06-30

THE CAROLINE FOUNDATION INC, founded in 1967, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $387K, a strong 28% operating margin.

Mission

TO AWARD GRANTS TO NONPROFIT ORGANIZATIONS THAT BENEFIT THE LOCAL COMMUNITY.

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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 $601,796

Program Service Revenue $0

Investment Income $801,596

Other Revenue $0

TOTAL REVENUE $1,403,392

Expense Breakdown

Grants Paid $860,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $903,122

Other Expenses $156,216

TOTAL EXPENSES $1,016,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,403,392	$663,453	+1.1%
Expenses	$1,016,216	$944,871	+0.1%
Net Income	$387,176	$-281,418	-2.4%

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

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY MEAD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT E JARRELL ESQ	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
REBECCA LOUKIDES	TREASURER	1.00	Officer Director	$0	$0	$0
BERL LOVELACE	SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE A COLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISSY BARTZ	DIRECTOR	1.00	Director	$0	$0	$0
TONY J GIANNINOTO	DIRECTOR	1.00	Director	$0	$0	$0
RICK HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKIE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
GLEN PLUTSCHAK	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE TARRANT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE WAYMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WHEATLEY	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
2025	$1,403,392	$1,016,216	$18,575,423	$387,176
2024	$663,453	$944,871	$17,186,805	$-281,418
2023	$-677,130	$858,537	$15,701,192	$-1,535,667
2022	$256,844	$925,966	$15,092,399	$-669,122
2021	$2,862,530	$752,670	$18,224,501	$2,109,860
2020	$980,827	$920,598	$15,335,478	$60,229
2019	$642,291	$761,596	$15,492,233	$-119,305

THE CAROLINE FOUNDATION INC