CAROBELL INC (EIN 560936909) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

VANESSA ERVIN

Phone

9103267600

Tax Period

2023-07-01 to 2024-06-30

CAROBELL INC, founded in 1969, is a community nonprofit in the Human Services sector that reported $7.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

OPERATES ONE VOCATIONAL CENTER AND SIX ICF-MR HOMES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,345

Program Service Revenue $7,072,656

Investment Income $-9,790

Other Revenue $28,011

TOTAL REVENUE $7,104,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,571,755

Fundraising Expenses $0

Program Expenses $6,305,927

Other Expenses $1,887,658

TOTAL EXPENSES $7,459,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,104,222	$8,041,395	-0.1%
Expenses	$7,459,413	$7,115,407	+0.0%
Net Income	$-355,191	$925,988	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

171

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

$206,343

Total Directors

$206,343

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE WORRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN MCMILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE REYNOLDS	BOARD MEMBER	5.00	Director	$0	$0	$0
SCOTT RIGGS	BOARD MEMBER	3.00	Director	$0	$0	$0
JAY SOLLIS	BOARD MEMBER	3.00	Director	$0	$0	$0
VANESSA ERVIN	CEO	40.00	Officer Director	$199,481	$6,862	$206,343

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	$7,104,222	$7,459,413	$4,204,878	$-355,191
2023	$8,041,395	$7,115,407	$4,527,761	$925,988
2022	$7,779,655	$6,362,220	$3,615,443	$1,417,435
2021	$7,039,975	$6,605,808	$2,291,450	$434,167
2020	$5,795,672	$6,188,158	$2,557,310	$-392,486
2019	$5,824,988	$6,038,266	$1,958,615	$-213,278

CAROBELL INC