SPIRIT OF COLUMBIA GARDENS CAROUSEL FOUNDATION INC (EIN 810512992) - 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

1996

Legal Domicile

Principal Officer

ED CURRAN

Phone

4065603309

Tax Period

2023-01-01 to 2023-12-31

SPIRIT OF COLUMBIA GARDENS CAROUSEL FOUNDATION INC, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $175K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION IS TO BRING BUTTE PEOPLE AND CIVIC RESOURCES TOGETHER TO CONSTRUCT AND OPERATE A HAND CARVED CAROUSEL REMINISCENT OF WHAT WE REMEMBER ABOUT THE COLUMBIA GARDENS. THE FOCUS OF THIS PROGRAM IS TO: RECLAIM, RESTORE, AND PRESERVE AN IMPORTANT PART OF BUTTE'S HISTORY, TEACH THE DYING ART OF HAND-CARVED HORSES AND EMBELLISHMENTS. WE WILL ENHANCE THE QUALITY OF COMMUNITY LIFE BY PROVIDING PRESENT AND FUTURE GENERATIONS WITH A UNIQUE OPPORTUNITY TO ENJOY THE SIMPLE PLEASURE OF HAVING FUN TOGETHER. WE WILL PROVIDE THE STARTING POINT FOR FUTURE PARK AND RECREATIONAL FACILITIES, HISTORICAL PRESERVATION, AND PROGRAMS FOR THE YOUTH OF OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,644

Program Service Revenue $0

Investment Income $4,140

Other Revenue $150,578

TOTAL REVENUE $175,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,607

Fundraising Expenses $0

Program Expenses $166,404

Other Expenses $119,968

TOTAL EXPENSES $199,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,362	$217,527	-0.2%
Expenses	$199,575	$180,961	+0.1%
Net Income	$-24,213	$36,566	-1.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$30,340

Total Directors

$30,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED CURRAN	VICE PRESIDENT	4.00	Officer Director	$30,340	$0	$30,340
JIM AYRES	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARILYN PATRICK	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE MEYRES	DIRECTOR	0.00	Director	$0	$0	$0
KATIE FLINT	DIRECTOR	0.00	Director	$0	$0	$0
AMY MCNICHOLS	DIRECTOR	0.00	Director	$0	$0	$0
QUINCY LEE	DIRECTOR	0.00	Director	$0	$0	$0
KEITHANN TREVITHICK	DIRECTOR	0.00	Director	$0	$0	$0
JODEL PETRONI	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE PARRETT	DIRECTOR	0.00	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	No data	No data	No data	No data
2023	$175,362	$199,575	$752,230	$-24,213
2022	$217,527	$180,961	$776,468	$36,566
2021	$181,613	$165,381	$740,304	$16,232
2020	$89,035	$133,884	$723,544	$-44,849
2019	$187,276	$223,044	$769,143	$-35,768
2018	$182,209	$161,151	$806,478	$21,058

SPIRIT OF COLUMBIA GARDENS CAROUSEL FOUNDATION INC