CARPENTERS HELPING HANDS INC (EIN 521241116) - 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

1982

Legal Domicile

Principal Officer

THOMAS FLYNN

Phone

2025466206

Tax Period

2024-01-01 to 2024-12-31

CARPENTERS HELPING HANDS INC, founded in 1982, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 72% operating margin.

Mission

THE ORGANIZATION SEEKS TO PROVIDE CHARITABLE AID TO POOR AND DISTRESSED OR UNDERPRIVILEDGED CARPENTERS, JOINERS, RELATED TRADE AND OCCUPATIONS AND THEIR FAMILIES AND DEPENDENTS WITHOUT REGARD TO RACE, COLOR, CREED, SEX OR NATIONAL ORIGIN. THE ORGANIZATION ALSO PROVIDES CONTRIBUTIONS TO WORTHY ORGANIZATION'S BOARD OF DIRECTORS OR DESIGNATED OFFICERS OR AGENTS, TO DETERMINE WHETHER THE DONATION FURNISHED IS LIKELY TO AID THEM. THE AMOUNT AND NATURE OF THE AID PROVIDED IS AT THE ORGANIZATION'S DISCRETION ON A CASE BY CASE BASIS.

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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 $2,347,519

Program Service Revenue $0

Investment Income $177,643

Other Revenue $-498,614

TOTAL REVENUE $2,026,548

Expense Breakdown

Grants Paid $560,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $560,000

Other Expenses $3,631

TOTAL EXPENSES $563,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,026,548	$1,158,821	+0.7%
Expenses	$563,631	$363,190	+0.6%
Net Income	$1,462,917	$795,631	+0.8%

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
THOMAS FLYNN	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
DOUGLAS J MCCARRON	PRESIDENT &	1.00	Officer Director	$0	$0	$0
MARK MCGRIFF	VP & DIRECTO	1.00	Officer 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	No data	No data	No data	No data
2024	$2,026,548	$563,631	$4,717,161	$1,462,917
2023	$1,158,821	$363,190	$3,254,244	$795,631
2022	$2,095,644	$360,062	$2,458,613	$1,735,582
2021	$39,700	$97,989	$723,031	$-58,289

CARPENTERS HELPING HANDS INC