MT CARMEL INC

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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

2016

Legal Domicile

Principal Officer

DEANNA BEASON

Phone

8165614240

Tax Period

2024-01-01 to 2024-12-31

MT CARMEL INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $519K in total revenue in fiscal year 2024. Expenses of $716K exceeded revenue, resulting in a 38% operating deficit.

Mission

AFFORDABLE SENIOR HOUSING

Program Service Accomplishments

Program 1

Expenses: $715,668 Revenue: $212,338

THE ORGANIZATION OWNS A 99.99% INTEREST IN MT CARMEL PLACE LP, A PROGRAM-RELATED JOINT VENTURE THAT OPERATES A 61-UNIT RENTAL HOUSING PROJECT IN KANSAS CITY, KANSAS. THE PROJECT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 $306,336

Program Service Revenue $212,338

Investment Income $161

Other Revenue $0

TOTAL REVENUE $518,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,622

Fundraising Expenses $0

Program Expenses $715,668

Other Expenses $638,046

TOTAL EXPENSES $715,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$518,835	$524,696	0.0%
Expenses	$715,668	$683,107	+0.0%
Net Income	$-196,833	$-158,411	+0.2%

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
DEANNA BEASON	PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE GUILBEAUX	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES WHITE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIA PORTA	TREASURER	1.00	Officer Director	$0	$0	$0
EVELIAN CORNISH	DIRECTOR	1.00	Director	$0	$0	$0
SARAFINA KANKAM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROTTINGHAUS	DIRECTOR	1.00	Director	$0	$0	$0
JASON SIMS	DIRECTOR	1.00	Director	$0	$0	$0
SHELIA JONES-STARKS	DIRECTOR	1.00	Director	$0	$0	$0
JAYSON STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
PATRICE TOWNSEND	DIRECTOR	1.00	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	$518,835	$715,668	$-2,457,403	$-196,833
2023	$524,696	$683,107	$-2,260,570	$-158,411
2022	$526,415	$694,117	$-2,102,159	$-167,702
2021	$522,134	$689,188	$-1,934,457	$-167,054