Carpenter's Home Estates Inc (EIN 592347336) - 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

1984

Legal Domicile

Phone

8638583847

Tax Period

2024-01-01 to 2024-12-31

Carpenter's Home Estates Inc, founded in 1984, is a mid-sized nonprofit that reported $24.2M in total revenue in fiscal year 2024. Expenses of $22.1M left a modest 9% surplus.

Mission

THE ORGANIZATION DEDICATES A VARIETY OF SERVICES TO MEET THE NEEDS OF ITS RESIDENTS.

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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 $41,065

Program Service Revenue $23,222,430

Investment Income $983,120

Other Revenue $-16,389

TOTAL REVENUE $24,230,226

Expense Breakdown

Grants Paid $603,607

Salaries & Benefits $10,527,592

Fundraising Expenses $0

Program Expenses $19,341,857

Other Expenses $10,946,895

TOTAL EXPENSES $22,078,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,230,226	$23,435,237	+0.0%
Expenses	$22,078,094	$21,573,894	+0.0%
Net Income	$2,152,132	$1,861,343	+0.2%

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

336

Volunteers

100

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

$360,129

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID VESPA	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
LEO GILLMAN	PRESIDENT	2.0	Officer Director	$0	$0	$0
LOU MCCRANEY	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
DAVID SCRUGGS	BOARD MEMBER	2.0	Director	$0	$0	$0
HARVEY MABE	BOARD MEMBER	2.0	Director	$0	$0	$0
JOSEPH GOSS	BOARD MEMBER	2.0	Director	$0	$0	$0
WALTER LAIDLER	BOARD MEMBER	2.0	Director	$0	$0	$0
BRIAN ROBARE	CEO & EXECUTIVE DIRECTOR	40.0	Officer	$316,291	$43,838	$360,129
ANGELA LAYFIELD	COO	40.0	Highest	$122,242	$12,804	$135,046
CYNTHIA AYALA	ADMININISTRATOR	40.0	Highest	$142,687	$8,003	$150,690
LILYBETH LUCAS	THERAPY DIRECTOR	40.0	Highest	$127,783	$27,572	$155,355
SHERI TURNER	DIRECTOR OF FINANCE	40.0	Highest	$94,928	$19,927	$114,855

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	$24,230,226	$22,078,094	$66,131,305	$2,152,132
2023	$23,435,237	$21,573,894	$65,338,075	$1,861,343
2022	$18,369,772	$20,441,842	$62,224,590	$-2,072,070
2021	$19,045,367	$19,404,254	$64,229,461	$-358,887
2020	$22,052,926	$20,030,097	$64,398,549	$2,022,829
2019	$19,973,550	$19,529,236	$63,416,325	$444,314
2018	$20,251,525	$19,426,039	$45,269,073	$825,486

Carpenter's Home Estates Inc