THE CARSON STRONG FOUNDATION

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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

2018

Legal Domicile

Principal Officer

DEBBIE HIGGINS

Phone

3309310291

Tax Period

2024-01-01 to 2024-12-31

THE CARSON STRONG FOUNDATION, founded in 2018, is a small nonprofit in the Diseases & Disorders sector that reported $638K in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $332K, a strong 52% operating margin.

Mission

THE CARSONSTRONG FOUNDATION IS COMMITTED TO IMPROVING THE LIVES OF CHILDREN AND FAMILIES IMPACTED BY CANCER AND OTHER SIGNIFICANT LIFE CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $194,915

GIFT OF TIME TOGETHER PROGRAM AIMS TO RELIEVE THE STRESS OF ONGOING TREATMENTS, OFFER A MENTAL DIVERSION, AND FOSTER STRONGER FAMILY BONDS. THE MEMORIES MADE DURING THESE EXPERIENCES SERVE AS SOURCES...

Program 2

Expenses: $24,997

AUGMENT THERAPY IS REALITY EXERCISE PROGRAM DESIGNED TO MONITOR AND MOTIVATE PEDIATRIC PATIENTS BY TRANSFORMING PHYSICAL THERAPY TASKS INTO IMMERSIVE, GAME-LIKE EXPERIENCES. IT ENCOURAGES CHILDREN TO ENGAGE IN BALANCE, ENDURANCE, AND STRENGTH EXERCISES WITHIN A VIRTUAL WORLD THAT TRACKS THEIR MOVEMENTS AND REWARDS PROGRESS.

Program 3

Expenses: $4,000

THE CARSON HIGGINS MEMORIAL SCHOLARSHIP PROGRAM HONORS CARSON'S SPIRIT BY RECOGNIZING REVERE HIGH SCHOOL SENIORS WHO EXEMPLIFY HIS QUALITIES. IT PROVIDES POST-SECONDARY FINANCIAL SUPPORT TO HELP...

THE CARSON HIGGINS MEMORIAL SCHOLARSHIP PROGRAM HONORS CARSON'S SPIRIT BY RECOGNIZING REVERE HIGH SCHOOL SENIORS WHO EXEMPLIFY HIS QUALITIES. IT PROVIDES POST-SECONDARY FINANCIAL SUPPORT TO HELP AWARDEES PURSUE HIGHER EDUCATION.

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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 $700,355

Program Service Revenue $0

Investment Income $5,464

Other Revenue $-68,312

TOTAL REVENUE $637,507

Expense Breakdown

Grants Paid $29,000

Salaries & Benefits $0

Fundraising Expenses $36,682

Program Expenses $248,909

Other Expenses $276,879

TOTAL EXPENSES $305,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$637,507	$300,961	+1.1%
Expenses	$305,879	$208,117	+0.5%
Net Income	$331,628	$92,844	+2.6%

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

$36,000

Total Directors