CARNIVAL EDUCATIONAL FUND INC (EIN 581763512) - 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

1999

Legal Domicile

Principal Officer

ED GALFSKY

Phone

9014582500

Tax Period

2024-08-01 to 2025-07-31

CARNIVAL EDUCATIONAL FUND INC, founded in 1999, is a small nonprofit in the Education sector that reported $659K in total revenue in fiscal year 2024. Expenses of $635K left a modest 4% surplus.

Mission

ASSISTING THOSE WHO IMPROVE THE QUALITY OF LIFE FOR CHILDREN OF ALL ETHNIC AND SOCIAL BACKGROUNDS IN MEMPHIS AND THE MID-SOUTH, AND TO SPREAD THE SPIRIT OF CARNIVAL THROUGHOUT THE COMMUNITY. EACH YEAR, DIFFERENT AGENCIES ARE SELECTED TO RECEIVE MONIES RAISED BY CARNIVAL AND THE GRAND KREWES OF CARNIVAL MEMPHIS AT VARIOUS FUNDRAISERS THROUGHOUT THE YEAR.

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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 $215,277

Program Service Revenue $437,672

Investment Income $6,287

Other Revenue $0

TOTAL REVENUE $659,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,450

Fundraising Expenses $0

Program Expenses $532,050

Other Expenses $527,321

TOTAL EXPENSES $634,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,236	$625,857	+0.1%
Expenses	$634,771	$608,902	+0.0%
Net Income	$24,465	$16,955	+0.4%

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

$160,938

Total Directors

$160,938

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIE ROBBINS	PRESIDENT	0.00	Officer Director	$0	$0	$0
NEELY MALLORY IV	DIRECTOR	0.00	Director	$0	$0	$0
CHASE CARLISLE	DIRECTOR	0.00	Director	$0	$0	$0
CURT GRIFFIN	DIRECTOR	0.00	Director	$0	$0	$0
DOUG WEISSINGER	SECRETARY	0.00	Officer Director	$0	$0	$0
ED GALFSKY	TREASURER/EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$0	$160,938
CHIP CAMPBELL	CHAIRMAN	0.00	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	$659,236	$634,771	$384,240	$24,465
2024	$625,857	$608,902	$414,957	$16,955
2023	$580,952	$566,570	$338,923	$14,382
2022	$1,001,340	$1,013,776	$314,939	$-12,436
2019	$522,788	$462,981	$234,707	$59,807
2018	$503,823	$435,131	$150,814	$68,692

CARNIVAL EDUCATIONAL FUND INC