CAROL ANN LEE MEMORIAL TRUST (EIN 833081560) - 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

2018

Legal Domicile

Principal Officer

KAREN J JONAS

Phone

6788921874

Tax Period

2024-01-01 to 2024-12-31

CAROL ANN LEE MEMORIAL TRUST, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 327% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 96% operating margin.

Mission

TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NCCF.

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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 $993,702

Program Service Revenue $0

Investment Income $137,773

Other Revenue $0

TOTAL REVENUE $1,131,475

Expense Breakdown

Grants Paid $33,623

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,623

Other Expenses $11,638

TOTAL EXPENSES $45,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,131,475	$265,062	+3.3%
Expenses	$45,261	$137,263	-0.7%
Net Income	$1,086,214	$127,799	+7.5%

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

Total Directors

$447,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J DANIEL GLAZE	TRUSTEE	1.00	Director	$0	$33,180	$224,523
JACOB B LEE	TRUSTEE	1.00	Director	$0	$0	$0
C LYNN CREW	TRUSTEE	1.00	Director	$0	$0	$0
CALEB C LEE	TRUSTEE	1.00	Director	$0	$0	$0
KAREN J JONAS	TRUSTEE	1.00	Director	$0	$21,791	$222,579
DANA E RING	FORMER TRUSTEE	0.00		$0	$29,331	$266,693
KIMBERLY M KLUSTNER	FORMER TRUSTEE	0.00		$0	$38,770	$190,112

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	$1,131,475	$45,261	$2,450,272	$1,086,214
2023	$265,062	$137,263	$1,339,666	$127,799
2022	$279,271	$37,707	$1,067,935	$241,564
2021	$533,973	$27,194	$981,478	$506,779
2020	$95,418	$18,710	$424,635	$76,708

CAROL ANN LEE MEMORIAL TRUST