FRIENDS OF THE CARPENTER (EIN 911932953) - 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

1998

Legal Domicile

Principal Officer

MICHAEL HAMMOND

Phone

3607843586

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE CARPENTER, founded in 1998, is a small nonprofit in the Human Services sector that reported $357K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $483K exceeded revenue, resulting in a 35% operating deficit.

Mission

ASSISTANCE TO DISENFRANCHISED, HOMELESS AND UNDEREMPLOYED, IN THE VANCOUVER WASHINGTON METROPOLITAN AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $301,491

Program Service Revenue $38,649

Investment Income $1,925

Other Revenue $15,020

TOTAL REVENUE $357,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,160

Fundraising Expenses $9,895

Program Expenses $269,401

Other Expenses $205,402

TOTAL EXPENSES $482,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,085	$282,224	+0.3%
Expenses	$482,562	$402,288	+0.2%
Net Income	$-125,477	$-120,064	+0.0%

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

$53,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA ONEIL	SECRETARY	2.00	Officer Director	$0	$0	$0
HUNTER DUVALL	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
GREG BASS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HARRY SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
DICK HALVORSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HAMMOND	EXECUTIVE DIRECTOR	40.00	Officer	$53,371	$0	$53,371

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	$357,085	$482,562	$953,950	$-125,477
2023	$282,224	$402,288	$1,079,427	$-120,064
2022	$1,012,586	$367,711	$1,215,799	$644,875
2021	$249,039	$281,967	$563,478	$-32,928
2020	$221,116	$367,577	$599,011	$-146,461
2019	$414,023	$342,609	$749,933	$71,414
2018	$329,136	$361,034	$673,438	$-31,898

FRIENDS OF THE CARPENTER