CARM 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

2021

Legal Domicile

Principal Officer

MATTHEW SLICK

Phone

2084661301

Tax Period

2023-01-01 to 2023-12-31

CARM INC, founded in 2021, is a small nonprofit in the Religion sector that reported $259K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $239K left a modest 8% surplus.

Mission

TO GLORIFY GOD BY EQUIPPING THE CHURCH WITH PROPER CHRISTIAN DOCTRINE AND TO HELP NON-BELIEVERS COME TO A SAVING KNOWLEDGE OF JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $167,815 Revenue: $6,164

TO GLORIFY GOD BY EQUIPPING THE CHURCH WITH PROPER CHRISTIAN DOCTRINE, AND TO HELP NON-BELIEVERS COME TO A SAVING KNOWLEDGE OF JESUS CHRIST. THIS IS DONE BY PROMOTION AND DEFENSE OF THE CHRISTIAN...

TO GLORIFY GOD BY EQUIPPING THE CHURCH WITH PROPER CHRISTIAN DOCTRINE, AND TO HELP NON-BELIEVERS COME TO A SAVING KNOWLEDGE OF JESUS CHRIST. THIS IS DONE BY PROMOTION AND DEFENSE OF THE CHRISTIAN GOSPEL, DOCTRINE, AND THEOLOGY. CHRISTIAN APOLOGETICS & RESEARCH MINISTRY (CARM) PROVIDES INFORMATION THROUGH ITS WEBSITE, CD'S, AND OTHER MEDIA ON CHRISTIAN DOCTRINE, THEOLOGY, EVANGELISM, AND OTHER SUBJECTS, PRESENTING AN ACCURATE AND BIBLICAL REPRESENTATION OF CHRISTIAN TRUTH AND ANSWERS THE OBJECTIONS OF CRITICS OF CHRISTIANITY.

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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 $248,867

Program Service Revenue $6,164

Investment Income $1

Other Revenue $4,247

TOTAL REVENUE $259,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,437

Fundraising Expenses $14,755

Program Expenses $167,815

Other Expenses $121,041

TOTAL EXPENSES $239,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,279	$304,666	-0.1%
Expenses	$239,478	$281,294	-0.1%
Net Income	$19,801	$23,372	-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

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

$78,555

Total Directors