The Carmel Foundation (EIN 941225368) - 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

1950

Legal Domicile

Principal Officer

Kim Stemler

Phone

8316241588

Tax Period

2024-07-01 to 2025-06-30

The Carmel Foundation, founded in 1950, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

The Carmel Foundation's mission is to support healthy aging by providing meals, housing, wellness activities, and supportive services that help create a healthy, happy, and hopeful senior community.

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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 $1,263,050

Program Service Revenue $768,076

Investment Income $721,528

Other Revenue $500

TOTAL REVENUE $2,753,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,629,510

Fundraising Expenses $393,422

Program Expenses $1,729,705

Other Expenses $1,496,602

TOTAL EXPENSES $3,126,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,753,154	$3,583,166	-0.2%
Expenses	$3,126,112	$2,858,339	+0.1%
Net Income	$-372,958	$724,827	-1.5%

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

100

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

$148,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Bates	Fmr Finance Dir	40.00		$128,416	$5,721	$134,137
Kim Stemler	President & CEO	40.00	Officer	$115,710	$13,222	$128,932
Molly Goshorn	Finance Dir.	40.00	Officer	$19,104	$0	$19,104
Mitchell Matthews	Chairman	2.00	Officer Director	$0	$0	$0
Cristy Dawson	Secretary	1.00	Officer Director	$0	$0	$0
Chuck Des Roches Esq	Vice Chair Gov	1.00	Officer Director	$0	$0	$0
Diego Reyes	Vice Chair Dev	1.00	Officer Director	$0	$0	$0
Maria Weidman	Director	1.00	Director	$0	$0	$0
Gerald W Bachecki CPA	Treasurer	1.00	Officer Director	$0	$0	$0
Mitch Ferguson	Director	1.00	Director	$0	$0	$0
Natalie Stickler-Hofmans	Director	1.00	Director	$0	$0	$0
Marianne Baldrica	Director	1.00	Director	$0	$0	$0
Mary Crowe	Director	1.00	Director	$0	$0	$0
Janie Franklin	Director	1.00	Director	$0	$0	$0
Andrew Gibaut	Director	1.00	Director	$0	$0	$0
Liza Moe	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
2025	$2,753,154	$3,126,112	$21,579,165	$-372,958
2024	$3,583,166	$2,858,339	$21,268,930	$724,827
2023	$2,505,025	$2,788,685	$20,113,722	$-283,660
2022	$2,102,002	$2,412,606	$19,176,742	$-310,604
2021	$2,462,100	$2,134,263	$22,979,249	$327,837
2020	$2,942,615	$2,665,402	$19,117,387	$277,213
2019	$2,034,900	$2,635,877	$18,990,673	$-600,977

The Carmel Foundation