Carl McCain Memorial Foundation (EIN 742049959) - 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

1979

Legal Domicile

Principal Officer

Scott Bormaster

Phone

7132010761

Tax Period

2024-01-01 to 2024-12-31

Carl McCain Memorial Foundation, founded in 1979, is a small nonprofit in the Health Care sector that reported $519K in total revenue in fiscal year 2024. Expenses of $793K exceeded revenue, resulting in a 53% operating deficit.

Mission

To assist medically overburdened families who have worked in the energy industry.

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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 $497,747

Program Service Revenue $0

Investment Income $133,685

Other Revenue $-112,517

TOTAL REVENUE $518,915

Expense Breakdown

Grants Paid $737,992

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $737,992

Other Expenses $55,265

TOTAL EXPENSES $793,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$518,915	$532,032	0.0%
Expenses	$793,257	$428,398	+0.9%
Net Income	$-274,342	$103,634	-3.6%

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

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
Scott Bormaster	Chairman	5.00	Officer Director	$0	$0	$0
Brett Jones	Chair-Elect	2.00	Officer Director	$0	$0	$0
Maren Marshall	Secretary	2.00	Officer Director	$0	$0	$0
Christi Vogl	Co-Treasurer	5.00	Officer Director	$0	$0	$0
Marc McCoy	Co-Treasurer / Treasurer-Elect	5.00	Officer Director	$0	$0	$0
Laura Bagheri	Trustee	2.00	Director	$0	$0	$0
Jordan Blair	Trustee	2.00	Director	$0	$0	$0
Kevin Brock	Trustee	2.00	Director	$0	$0	$0
Clay Buford	Trustee	2.00	Director	$0	$0	$0
Mary Frances Deibert	Trustee	2.00	Director	$0	$0	$0
Cherie Hancock	Trustee	2.00	Director	$0	$0	$0
Michael Herrera	Trustee	2.00	Director	$0	$0	$0
Robyn Kagy	Trustee	2.00	Director	$0	$0	$0
Marissa Lashari	Trustee	2.00	Director	$0	$0	$0
Maureen McCabe	Trustee	2.00	Director	$0	$0	$0
John McWhorter	Trustee	2.00	Director	$0	$0	$0
Nicole Oakes	Trustee	2.00	Director	$0	$0	$0
Kim Pataky	Trustee	2.00	Director	$0	$0	$0
Dan Pears	Trustee	2.00	Director	$0	$0	$0
Alan Raymond	Trustee	2.00	Director	$0	$0	$0
Christina Seaba	Trustee	5.00	Director	$0	$0	$0
Michael Sohmer	Trustee	2.00	Director	$0	$0	$0
Kevan Taylor	Trustee	2.00	Director	$0	$0	$0
Mike Thomas	Trustee	2.00	Director	$0	$0	$0
Brian Thomason	Trustee	2.00	Director	$0	$0	$0
Amy Thompson	Trustee	2.00	Director	$0	$0	$0
Danny Willmann	Trustee	2.00	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
2024	$518,915	$793,257	$3,253,669	$-274,342
2023	$532,032	$428,398	$3,444,766	$103,634
2022	$501,394	$212,862	$3,100,332	$288,532
2021	$461,591	$420,879	$3,165,277	$40,712
2020	$392,667	$404,126	$3,111,902	$-11,459
2019	$700,791	$619,151	$2,998,347	$81,640
2018	$572,818	$433,556	$2,738,314	$139,262

Carl McCain Memorial Foundation