CARNEGIE HALL FOUNDATION INC (EIN 550734101) - 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

2004

Legal Domicile

Principal Officer

THOMAS WHITE

Phone

9192701223

Tax Period

2024-01-01 to 2024-12-31

CARNEGIE HALL FOUNDATION INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $107K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $2.8M represent 316 months of operating reserves.

Mission

THE CARNEGIE HALL FOUNDATION'S MISSION IS TO CREATE AND GROW A PERMANENT ENDOWMENT TO SUPPORT THE PRESERVATION, MAINTENANCE, AND IMPROVEMENT OF THE HALL BUILDING(S) AND GROUNDS IN LEWISBURG, WEST VIRGINIA AND OTHER ACTIVITIES OF THE HALL.

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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 $17,063

Program Service Revenue $0

Investment Income $89,861

Other Revenue $0

TOTAL REVENUE $106,924

Expense Breakdown

Grants Paid $81,713

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,713

Other Expenses $30,912

TOTAL EXPENSES $112,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,924	$279,090	-0.6%
Expenses	$112,625	$97,678	+0.2%
Net Income	$-5,701	$181,412	-1.0%

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 W WHITE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHIRLEY RUNYON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID KIRBY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LAWSON HAMILTON III	DIRECTOR	1.00	Director	$0	$0	$0
MARY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DEEGANS	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
2024	$106,924	$112,625	$2,817,295	$-5,701
2023	$279,090	$97,678	$2,589,156	$181,412
2022	$423,500	$104,632	$2,214,532	$318,868
2021	$253,159	$105,030	$2,288,950	$148,129
2021	$253,159	$105,030	$2,288,950	$148,129
2020	$75,493	$120,708	$2,113,344	$-45,215
2019	$85,184	$77,820	$1,983,105	$7,364
2018	$113,941	$95,290	$1,735,723	$18,651

CARNEGIE HALL FOUNDATION INC