KARRY CARRASCO FOUNDATION 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

2018

Legal Domicile

Principal Officer

KARELIS CARRASCO

Phone

7274390089

Tax Period

2022-01-01 to 2022-12-31

KARRY CARRASCO FOUNDATION INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $255K in total revenue in fiscal year 2022.

Mission

To assist in humanitarian efforts in Venezuela and throughout the Americas.

Program Service Accomplishments

Program 1

Expenses: $234,194 Revenue: $254,841

The organization provided school supplies and learning toys as well as clothing and shoes to children in need.

Program 2

The organization provided sports supplies and equipment as well as books to young baseball players, in coordination with the Dream Big Foundation (based in the Dominican Republic) for the purpose of improving themselves intellectually and physically in their efforts to obtain scholarships in the United States.

Program 3

The organization supplied sporting supplies and equipment to a baseball team in Columbia in coordination with the charitable foundation Baseball Without Borders. Food, educational supplies, and toys are also provided to those in vulnerable neighborhoods along with the charitable Redimir Foundation food pantry.

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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 (2022)

Revenue Breakdown

Contributions & Grants $254,841

Program Service Revenue $0

Investment Income $0

Other Revenue $560

TOTAL REVENUE $255,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,601

Program Expenses $234,194

Other Expenses $260,215

TOTAL EXPENSES $260,215

Year-over-Year Comparison

	2022	2021	Change
Revenue	$255,401	N/A	N/A
Expenses	$260,215	N/A	N/A
Net Income	$-4,814	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YENNY PARRA	Director	2.00	Director	$0	$0	$0
KARELIS CARRASCO	President	2.00	Officer	$0	$0	$0
LUCAS GONZALEZ	Vice President	2.00	Officer	$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
2022	$255,401	$260,215	$206,449	$-4,814
2019	$289,213	$78,595	$222,636	$210,618