THE CARYING PLACE INC (EIN 582425452) - 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

1998

Legal Domicile

Principal Officer

LESLIE COVINGTON

Phone

9194621800

Tax Period

2024-01-01 to 2024-12-31

THE CARYING PLACE INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $837K, a strong 52% operating margin.

Mission

TEACHING HOMELESS WORKING FAMILIES WITH CHILDREN LIFE SKILLS FOR ATTAINING INDEPENDENT LIVING WHILE PROVIDING SHORT-TERM HOUSING AND SUPPORT SERVICES

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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 $1,524,054

Program Service Revenue $4,834

Investment Income $50,756

Other Revenue $37,601

TOTAL REVENUE $1,617,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,528

Fundraising Expenses $132,428

Program Expenses $553,864

Other Expenses $245,398

TOTAL EXPENSES $779,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,617,245	$979,903	+0.7%
Expenses	$779,926	$732,025	+0.1%
Net Income	$837,319	$247,878	+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

Volunteers

300

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

$101,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK FRISCHAUF	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
LAUREN CHAPELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY DIEBLER	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN COLLINS	SECRETARY TO 6/30/2024	2.00	Officer Director	$0	$0	$0
STEPHANE DANIEL	SECRETARY FROM 06/30/2024	2.00	Officer Director	$0	$0	$0
KAI HILL	DIRECTOR	1.00	Director	$0	$0	$0
KYLE GREER	PRESIDENT	1.00	Director	$0	$0	$0
ALPESH KARSALIA	DIRECTOR	1.00	Director	$0	$0	$0
JASON BARRON	DIRECTOR	1.00	Director	$0	$0	$0
CLARK RADFORD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GORHAM	DIRECTOR	1.00	Director	$0	$0	$0
TOM HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH WAIT	DIRECTOR	1.00	Director	$0	$0	$0
SIDNEY CHOW	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE MOORE-MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
WA SHAWNTA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE COVINGTON	EXECUTIVE DIRECTOR	50.00	Officer	$101,998	$0	$101,998

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	$1,617,245	$779,926	$4,951,376	$837,319
2023	$979,903	$732,025	$3,600,770	$247,878
2022	$1,592,750	$809,787	$3,984,783	$782,963
2021	$949,912	$537,684	$2,838,798	$412,228
2020	$572,183	$348,450	$2,255,295	$223,733
2019	$617,468	$328,428	$1,923,864	$289,040
2018	$591,682	$332,748	$1,557,263	$258,934

THE CARYING PLACE INC