MT CARMEL HOMES INC (EIN 591310359) - 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

1969

Legal Domicile

Principal Officer

CAROLYN JOHNSON

Phone

3865628757

Tax Period

2023-09-01 to 2024-08-31

MT CARMEL HOMES INC, founded in 1969, is a micro nonprofit in the Community Improvement sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 2850% from the prior year — a significant decline worth monitoring.

Mission

HOUSING FOR LOW & MODERATE INCOME FAMILIES & INDIVIDUALDS SUBSIDIZED BY SECTION 8 VOUCHARS THROUGH A FEDERAL ASSISTANCE PROGRAM

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $44

Other Revenue $-43,625

TOTAL REVENUE $-43,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-43,581	$1,585	-28.5%
Expenses	N/A	N/A	N/A
Net Income	N/A	$1,585	N/A

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

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
CAROLYN JOHNSON	BOARD PRESIDENT	30.00	Director	$0	$0	$0
MARY WILLIAMS	VICE PRESIDENT	10.00	Director	$0	$0	$0
OCTAVIA JENKINS	SECRETARY	10.00	Director	$0	$0	$0
KAVA THOMPSON	TREASURER	10.00	Director	$0	$0	$0
ANITA BADIE	DIRECTOR	10.00	Director	$0	$0	$0
ARTHUR GREEN	DIRECTOR	10.00	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
2025	No data	No data	No data	No data
2024	$-43,581	No data	$213,966	No data
2023	$1,585	No data	$256,077	No data
2022	$38,790	No data	$252,609	No data
2021	$-52,009	No data	$212,423	No data

MT CARMEL HOMES INC