CARMEL CONNECTION FOUNDATION INC (EIN 862381817) - 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

2021

Legal Domicile

Principal Officer

TIMOTHY ANDREE

Phone

7325134496

Tax Period

2023-07-01 to 2024-06-30

CARMEL CONNECTION FOUNDATION INC, founded in 2021, is a small nonprofit in the Education sector that reported $173K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $164K, a strong 95% operating margin.

Mission

WE ARE A NON-PROFIT CORPORATION ESTABLISHED TO SUPPORT THE FINANCIAL NEEDS OF OUR LADY OF MT. CARMEL SCHOOL. OUR MAIN OBJECTIVE IS FUNDING A MULTI-MILLION DOLLAR ENDOWMENT TO SUPPORT BOTH OUR INNER-CITY AND IMMIGRANT YOUTH FOR YEARS TO COME.

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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 $148,748

Program Service Revenue $0

Investment Income $24,124

Other Revenue $0

TOTAL REVENUE $172,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $863

Program Expenses $0

Other Expenses $8,890

TOTAL EXPENSES $8,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,872	$378,578	-0.5%
Expenses	$8,890	$6,149	+0.4%
Net Income	$163,982	$372,429	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
PETER ABITANO	TRUSTEE	1.00	$0	$0	$0
LAUREEN ANDREE	SECRETARY	1.00	$0	$0	$0
TIMOTHY ANDREE	PRESIDENT	1.00	$0	$0	$0
KATIE O'MEARA	TRUSTEE	0.50	$0	$0	$0
SR JUDE BOYCE	TREASURER	1.00	$0	$0	$0
FR MIGUEL VIRELLA SVD	TRUSTEE	0.50	$0	$0	$0
BROTHER FRANK BYRNE	TRUSTEE	0.50	$0	$0	$0
PAUL MCEVILY	TRUSTEE	0.50	$0	$0	$0
FR STEPHEN MICHAEL SVD	TRUSTEE	0.50	$0	$0	$0
GAIL SLEVIN	TRUSTEE	0.50	$0	$0	$0
KAT VERDI	TRUSTEE	0.50	$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
2025	No data	No data	No data	No data
2024	$172,872	$8,890	$988,412	$163,982
2023	$378,578	$6,149	$698,603	$372,429
2022	$228,077	$1,643	$326,174	$226,434

CARMEL CONNECTION FOUNDATION INC