CARPENTERS FOR HOPE CHARITABLE CORPORATION

EIN: 922763657 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$390,948
Total Expenses
$180,484
Total Assets
$210,464
Net Assets
$210,464
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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
2023
Legal Domicile
MA
Principal Officer
JOSEPH BYRNE
Phone
6173075106
Tax Period
2023-03-07 to 2023-12-31

CARPENTERS FOR HOPE CHARITABLE CORPORATION, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $391K in total revenue in fiscal year 2023. The organization ran a surplus of $210K, a strong 54% operating margin.

Mission

SUPPORTING OTHER CHARITIES AND HOSPITALS THROUGH EVENTS AND CHARITABLE OUTREACH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $390,791
Program Service Revenue $0
Investment Income $157
Other Revenue $0
TOTAL REVENUE $390,948

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $0
Fundraising Expenses $128,275
Program Expenses $52,209
Other Expenses $130,484
TOTAL EXPENSES $180,484

Year-over-Year Comparison

2023 2022 Change
Revenue $390,948 N/A N/A
Expenses $180,484 N/A N/A
Net Income $210,464 N/A N/A
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$1,093,336
Total Directors
3
$1,093,336
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH BYRNE PRESIDENT 0.50
Officer Director
$0 $131,734 $421,396
STEPHEN JOYCE TREASURER 0.50
Officer Director
$0 $112,730 $328,250
JOHN DONAHUE JR CLERK 0.50
Officer Director
$0 $112,730 $343,690
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
2023 $390,948 $180,484 $210,464 $210,464
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