CARVER PROJECT (EIN 822022974) - 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

2017

Legal Domicile

Principal Officer

ABRAM VAN ENGEN

Phone

3144556764

Tax Period

2024-01-01 to 2024-12-31

CARVER PROJECT, founded in 2017, is a small nonprofit in the Education sector that reported $508K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS EMPOWERING CHRISTIAN FACULTY AND STUDENTS TO SERVE AND CONNECT UNIVERSITY, CHURCH, AND SOCIETY.

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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 $486,924

Program Service Revenue $0

Investment Income $15,313

Other Revenue $6,245

TOTAL REVENUE $508,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,830

Fundraising Expenses $61,247

Program Expenses $360,380

Other Expenses $208,017

TOTAL EXPENSES $520,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,482	$382,734	+0.3%
Expenses	$520,847	$471,392	+0.1%
Net Income	$-12,365	$-88,658	-0.9%

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

$27,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE L MILLIGAN	MANAGING DIRECTOR	40.00		$127,954	$0	$127,954
ABRAM VAN ENGEN	Executive Dir.	5.00	Director	$27,083	$0	$27,083
NII ADDY	Director	0.00	Director	$0	$0	$0
EDWARD BRYANT	Director	0.00	Director	$0	$0	$0
VINCENT BACOTE	Director	0.00	Director	$0	$0	$0
GREG HEWETT	Director	0.00	Director	$0	$0	$0
KARL POLLACK	Board Chair	0.00	Officer Director	$0	$0	$0
MEREDITH MARSH	Director	0.00	Director	$0	$0	$0
THURMAN WILLIAMS	Director	0.00	Director	$0	$0	$0
ELIZABETH ZURLINDEN	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
2025	No data	No data	No data	No data
2024	$508,482	$520,847	$494,987	$-12,365
2023	$382,734	$471,392	$505,061	$-88,658
2022	$501,456	$482,477	$594,244	$18,979
2021	$376,805	$282,498	$572,881	$94,307
2020	$580,223	$271,520	$481,570	$308,703
2019	$257,840	$227,624	$172,706	$30,216
2018	$202,942	$101,596	$136,955	$101,346

CARVER PROJECT