SALEMS RIVERFRONT CAROUSEL

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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

1996

Legal Domicile

Principal Officer

CASSANDRA FERDER

Phone

5035400374

Tax Period

2023-01-01 to 2023-12-31

SALEMS RIVERFRONT CAROUSEL, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $507K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $488K left a modest 4% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE IN THE WILLAMETTE VALLEY BY INVIGORATING COMMUNITY COHESIVENESS, FOSTERING CULTURAL AND EDUCATIONAL OPPORTUNITIES, CREATING A LIVING HISTORY AND INCREASING TOURISM.

Program Service Accomplishments

Program 1

Expenses: $338,187 Revenue: $259,174

SALEM'S RIVERFRONT CAROUSEL (THE CAROUSEL) IMPROVED THE QUALITY OF COMMUNITY LIFE IN OREGON BY OPERATING A BUILDING WHICH HOUSES A BEAUTIFUL HANDCARVED WOODEN CAROUSEL THAT ADULTS AND CHILDREN OF ALL AGES ENJOY. OPERATIONS FOR 2021 INCLUDED THE MAINTENANCE OF THE CAROUSEL AND THE CAROUSEL BUILDING AS WELL AS PROVIDING PAID CAROUSEL RIDES, FREE RIDES ON CHRISTMAS DAY AND NEW YEARS DAY, FREE RIDES FOR THE DISABLED AND FREE RIDES TO MILITARY FAMILIES. IN ADDITION THE CAROUSEL HOSTED COMMUNITY EVENTS, INCLUDING SANTA'S ARRIVAL BY TRAIN (WITH THE HELP OF PORTLAND WESTERN RAILROAD). THE CAROUSEL HOSTED BIRTHDAY PARTIES, PRIVATE AFTER HOURS EVENTS AND TOURS/GROUP VISITS THROUGHOUT THE YEAR.

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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 $240,929

Program Service Revenue $259,174

Investment Income $5,847

Other Revenue $1,110

TOTAL REVENUE $507,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,907

Fundraising Expenses $16,631

Program Expenses $338,187

Other Expenses $190,661

TOTAL EXPENSES $487,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$507,060	$701,188	-0.3%
Expenses	$487,568	$531,436	-0.1%
Net Income	$19,492	$169,752	-0.9%

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

139

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

$92,471

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE BRADFORD-BLEVINS	Executive Dir.	40.00	Director	$92,471	$0	$92,471
SUSAN THOMPSON	Chairman	1.00	Officer Director	$0	$0	$0
DARR GOSS	Director	1.00	Director	$0	$0	$0
ZACH FISCHER	Director	0.00	Director	$0	$0	$0
TROY HICKMAN	Director	0.00	Director	$0	$0	$0
TERESA LULAY	Director	0.00	Director	$0	$0	$0
CASSANDRA FERDER	Chairman	1.00	Officer Director	$0	$0	$0
CHELSEA ROBY	Secretary	0.00	Director	$0	$0	$0
OZZIE ROSE	Director	1.00	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	$507,060	$487,568	$569,232	$19,492
2022	$701,188	$531,436	$527,795	$169,752
2021	$360,162	$377,455	$385,642	$-17,293
2020	$354,456	$361,340	$380,232	$-6,884