CARMEL ESTATES INC (EIN 640892109) - 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

1997

Legal Domicile

Principal Officer

Calvin Brumfield

Phone

4043721508

Tax Period

2024-01-01 to 2024-12-31

CARMEL ESTATES INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $175K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $476K represent 33 months of operating reserves.

Mission

Providng Low Income Housing to the Elderly

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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 $0

Program Service Revenue $147,571

Investment Income $46

Other Revenue $27,119

TOTAL REVENUE $174,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,718

Other Expenses $189,718

TOTAL EXPENSES $189,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,736	$122,360	+0.4%
Expenses	$189,718	$163,960	+0.2%
Net Income	$-14,982	$-41,600	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deborah McGee	Director	001.00	Director	$0	$0	$0
Lequster Seawright	Director	001.00	Director	$0	$0	$0
Marquan Stover	Director	001.00	Director	$0	$0	$0
Teresa McDay	Director	001.00	Director	$0	$0	$0
Frederick Burns	Director	001.00	Director	$0	$0	$0
Calvin Brumfiled	President	002.00	Officer	$0	$0	$0
Beverly McGee	V-Pres	002.00	Officer	$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
2024	$174,736	$189,718	$501,609	$-14,982
2023	$122,360	$163,960	$506,377	$-41,600
2022	$126,429	$144,363	$545,668	$-17,934
2021	$133,061	$141,079	$566,356	$-8,018
2020	$131,267	$123,309	$567,151	$7,958
2019	$111,963	$138,226	$560,727	$-26,263
2018	$117,262	$142,291	$583,388	$-25,029

CARMEL ESTATES INC