THE CARROLL SHELBY FOUNDATION

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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

1991

Legal Domicile

Principal Officer

AARON SHELBY

Phone

3109438080

Tax Period

2024-01-01 to 2024-12-31

THE CARROLL SHELBY FOUNDATION, founded in 1991, is a community nonprofit in the Unknown sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 10% surplus.

Mission

SUPPORT OF HEALTH CARE AND EDUCATION, SUPPORT FOR AUTOMOTIVE VOCATIONAL PROGRAMS FOR PUBLIC BENEFIT.

Program Service Accomplishments

Program 1

Expenses: $128,700

FUNDING AND SUPPORT FOR YOUTH EDUCATION AND AUTOMOTIVE VOCATIONAL PROGRAMS THROUGH PUBLIC CHARITIIES.

Program 2

Expenses: $102,500

FUNDS FOR PUBLIC CHARITY PROVIDING CHILDREN'S MEDICAL SERVICES.

Program 3

Expenses: $37,400

SUPPORT OF PUBLIC CHARITIES ASSISTING YOUTHS AND CHILDREN IN DIFFICULT LIFE SITUATIONS REQUIRING ASSISTANCE AND SUPPORT.

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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 $605,395

Program Service Revenue $0

Investment Income $203,793

Other Revenue $346,110

TOTAL REVENUE $1,155,298

Expense Breakdown

Grants Paid $271,100

Salaries & Benefits $84,654

Fundraising Expenses $42,420

Program Expenses $271,100

Other Expenses $678,560

TOTAL EXPENSES $1,034,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,155,298	$808,242	+0.4%
Expenses	$1,034,314	$492,957	+1.1%
Net Income	$120,984	$315,285	-0.6%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M NEIL CUMMINGS	DIRECTOR	2.00	Officer Director	$0	$0	$0
AARON SHELBY	DIRECTOR	2.00	Officer 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	$1,155,298	$1,034,314	$10,904,727	$120,984
2023	$808,242	$492,957	$10,536,302	$315,285
2022	$1,667,591	$443,900	$10,221,017	$1,223,691
2021	$390,082	$491,808	$8,997,326	$-101,726
2020	$2,012,908	$325,131	$9,099,052	$1,687,777
2019	$1,724,510	$253,419	$7,430,528	$1,471,091
2018	$167,669	$295,050	$5,900,066	$-127,381