CARC WASHINGTON RANCH FOUNDATION

EIN: 943424593 501(c)(3) Philanthropy & Grantmaking

CARLSBAD, NM

Total Revenue
$854,688
Total Expenses
$107,047
Total Assets
$16,672,996
Net Assets
$16,672,996
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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
2001
Legal Domicile
NM
Principal Officer
CAS TABOR
Tax Period
2024-07-01 to 2025-06-30

CARC WASHINGTON RANCH FOUNDATION, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $855K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $748K, a strong 87% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED TO PROVIDE SUPPORT FOR THE OPERATIONS OF CARC, INC., A NEW MEXICO NONPROFIT CORPORATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $265,422
Program Service Revenue $0
Investment Income $589,266
Other Revenue $0
TOTAL REVENUE $854,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $107,047
TOTAL EXPENSES $107,047

Year-over-Year Comparison

2024 2023 Change
Revenue $854,688 $1,098,186 -0.2%
Expenses $107,047 $88,819 +0.2%
Net Income $747,641 $1,009,367 -0.3%
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
8
Independent Members
8
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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOBBY BOWEN MEMBER N/A
Director
$0 $0 $0
ROBBIE CHACON MEMBER N/A
Director
$0 $0 $0
NED ELKINS MEMBER N/A
Officer Director
$0 $0 $0
MIKE FORREST MEMBER N/A
Director
$0 $0 $0
ROBERT FORREST SEC/TREASURE N/A
Officer Director
$0 $0 $0
JAY JENKINS VICE PRESIDE N/A
Director
$0 $0 $0
CAROLYN OLSON MEMBER N/A
Officer Director
$0 $0 $0
CAS TABOR PRESIDENT N/A
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 $854,688 $107,047 $16,672,996 $747,641
2024 $1,098,186 $88,819 $15,349,219 $1,009,367
2023 $1,084,782 $68,907 $14,249,585 $1,015,875
2022 $850,314 $77,570 $13,523,549 $772,744
2021 $890,699 $64,801 $15,882,076 $825,898
2020 $2,554,016 $46,337 $12,025,452 $2,507,679
2019 $600,303 $27,024 $9,874,668 $573,279
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