CARTER STREET CORPORATION (EIN 621125122) - 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

1981

Legal Domicile

Principal Officer

SAM VOISIN

Phone

4237560001

Tax Period

2024-07-01 to 2025-06-30

CARTER STREET CORPORATION, founded in 1981, is a mid-sized nonprofit in the Community Improvement sector that reported $13.0M in total revenue in fiscal year 2024. Expenses of $11.1M left a modest 14% surplus.

Mission

ENCOURAGE ECONOMIC DEVELOPMENT

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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 $300,000

Program Service Revenue $12,188,351

Investment Income $465,203

Other Revenue $0

TOTAL REVENUE $12,953,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,675,001

Fundraising Expenses $0

Program Expenses $9,152,116

Other Expenses $8,464,446

TOTAL EXPENSES $11,139,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,953,554	$12,174,300	+0.1%
Expenses	$11,139,447	$10,258,192	+0.1%
Net Income	$1,814,107	$1,916,108	-0.1%

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

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

$294,606

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVANN FREEMAN	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
MALCOLM HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
HICKS ARMOR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
WILLIAM B RAINES JR	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANNE WILKINS	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS CRIMMINS	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAIG FULLER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE SHUFORD	EXECUTIVE DIRECTOR	40.00	Officer	$164,368	$18,920	$183,288
JENNIFER DILLS	DIRECTOR OF FINANCE	40.00	Officer	$81,125	$30,193	$111,318

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	$12,953,554	$11,139,447	$21,107,628	$1,814,107
2024	$12,174,300	$10,258,192	$19,447,760	$1,916,108
2023	$10,617,267	$9,522,257	$17,657,479	$1,095,010
2022	$6,596,539	$6,880,537	$16,714,346	$-283,998
2021	$2,354,786	$3,736,307	$10,091,684	$-1,381,521
2020	$6,962,980	$7,371,583	$10,953,889	$-408,603
2019	$8,267,066	$8,631,181	$11,588,491	$-364,115

CARTER STREET CORPORATION