PROMOTE CARMEL INC (EIN 850628374) - 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

2020

Legal Domicile

Principal Officer

Tim Griffin

Tax Period

2023-01-01 to 2023-12-31

PROMOTE CARMEL INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $684K in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $612K left a modest 11% surplus.

Mission

Promote Carmel's mission is to promote the City of Carmel, Indiana, it's events and unique qualities to visitors and residents as part of a broader mission to sustain pride in and attract potential residents to Carmel. Promote Carmel operates "All Things Carmel", a gift shop that acts as a visitors center and further exemplifies Carmel's diverse and talented community by selling craft goods made by artisans across the City of Carmel.

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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 (2023)

Revenue Breakdown

Contributions & Grants $491,709

Program Service Revenue $0

Investment Income $0

Other Revenue $192,727

TOTAL REVENUE $684,436

Expense Breakdown

Grants Paid $2,154

Salaries & Benefits $178,760

Fundraising Expenses $0

Program Expenses $287,202

Other Expenses $431,469

TOTAL EXPENSES $612,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$684,436	$329,325	+1.1%
Expenses	$612,383	$268,323	+1.3%
Net Income	$72,053	$61,002	+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

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sue McFeely	Officer	40	Officer	$65,000	$0	$65,000
Tim Griffin	Director	1	Director	$0	$0	$0
Lauren Taylor	Director	1	Director	$0	$0	$0
Rebecca Shelper	Director	1	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	No data	No data	No data	No data
2023	$684,436	$612,383	$374,406	$72,053
2022	$329,325	$268,323	$315,209	$61,002
2021	$319,390	$230,931	$257,104	$88,459
2020	$280,654	$127,728	$164,433	$152,926

PROMOTE CARMEL INC