Carmel, IN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
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.
Advertising and promotion fees for the All Things Carmel store, which acting as a subsidiary of Promote Carmel, Inc, hosted various publicly attended events throughout 2022. These events were...
Advertising and promotion fees for the All Things Carmel store, which acting as a subsidiary of Promote Carmel, Inc, hosted various publicly attended events throughout 2022. These events were intended to familiarize residents and visitors with the City and its upcoming event schedule., Further, All Things Carmel's goods predominantly consist of skillfully made craft by artisans throughout the community of the City of Carmel and demonstrate the culture that Promote Carmel, Inc emphasizes when attracting potential new residents or businesses to the city of Carmel.
Payments of travel or entertainment expenses for any Federal, State, or local officials intended for visiting dignitaries to gain an understanding and appreciation of what makes the City of Carmel a...
Payments of travel or entertainment expenses for any Federal, State, or local officials intended for visiting dignitaries to gain an understanding and appreciation of what makes the City of Carmel a preferable destination to live, conduct business, or partake in recreational activities in.
Royalties paid for sales of the works of various artisans from the City of Carmel in connection with Promote Carmel's exempt purpose of showcasing the City's local artisans and attracting potential...
Royalties paid for sales of the works of various artisans from the City of Carmel in connection with Promote Carmel's exempt purpose of showcasing the City's local artisans and attracting potential future residents or businesses to the area.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare PROMOTE CARMEL INC with other nonprofits in Indiana and across the country.