CARRIAGE ASSOCIATION OF AMERICA INC

EIN: 751173792 501(c)(3) Arts, Culture & Humanities

LEXINGTON, KY

Total Revenue
$706,982
Total Expenses
$538,448
Total Assets
$1,704,865
Net Assets
$1,698,600
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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
1960
Legal Domicile
KY
Principal Officer
JILL RYDER
Phone
8592310971
Tax Period
2022-07-01 to 2023-06-30

CARRIAGE ASSOCIATION OF AMERICA INC, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $707K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $169K, a strong 24% operating margin.

Mission

EDUCATE PUBLIC AND MEMBERS ON CARRIAGES.

Program Service Accomplishments

Program 1
Expenses: $415,443 Revenue: $435,296

ORGANIZATION OF ANNUAL CONFERENCE AND EDUCATIONAL TRIP TO EDUCATE ASSOCIATION'S MEMBERSHIP ON CARRIAGES.

Program 2
Expenses: $51,409 Revenue: $52,675

PROVIDE PROFESSIONAL STANDARDS FOR THE CARRIAGE COLLECTION ENTHUIST AND TO IMPROVE THE SKILLS OF ITS MEMBERS.

Program 3
Expenses: $61,114 Revenue: $64,865

PRODUCTION OF A QUARTERLY MAGAZINE AND RELATED NEWLETTER TO EDUCATE THE ASSOCIATION'S MEMBERSHIP AND THE PUBLIC ON CARRIAGES.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $123,894
Program Service Revenue $552,836
Investment Income $16,558
Other Revenue $13,694
TOTAL REVENUE $706,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,895
Fundraising Expenses $688
Program Expenses $527,966
Other Expenses $441,553
TOTAL EXPENSES $538,448

Year-over-Year Comparison

2022 2021 Change
Revenue $706,982 $1,099,286 -0.4%
Expenses $538,448 $549,230 0.0%
Net Income $168,534 $550,056 -0.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALLY ARMSTRONG PRESIDENT N/A
Officer Director
$0 $0 $0
JIM CHANCELLOR TREASURER N/A
Officer Director
$0 $0 $0
COLONEL DAVIS DIRECTOR N/A
Director
$0 $0 $0
HARRY HASSAN DIRECTOR N/A
Director
$0 $0 $0
STEVE HOLM DIRECTOR N/A
Director
$0 $0 $0
PAT KIMURA DIRECTOR N/A
Director
$0 $0 $0
EG MOODY VICE PRESIDE N/A
Officer Director
$0 $0 $0
JILL RYDER EXECUTIVE DI N/A
Officer Director
$0 $0 $0
ALLEN TUCCI VICE PRESIDE N/A
Officer Director
$0 $0 $0
WILLIAM VENDITTA VICE PRESIDE N/A
Officer 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 No data No data No data No data
2023 $706,982 $538,448 $1,704,865 $168,534
2022 $1,099,286 $549,230 $1,507,450 $550,056
2021 $339,850 $353,367 $1,059,492 $-13,517
2020 $393,677 $442,605 $1,014,080 $-48,928
2019 $397,234 $404,490 $972,073 $-7,256
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