OCTOBER CORPORATION (EIN 010527044) - 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

1994

Legal Domicile

Principal Officer

CRAIG DENEKAS

Phone

2078796280

Tax Period

2023-01-01 to 2023-12-31

OCTOBER CORPORATION, founded in 1994, is a micro nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

TO HOLD TITLE TO REAL ESTATE ON BEHALF OF LIBRA FOUNDATION; RECEIVE ALL NET RENTAL INCOME AND DISTRIBUTE IT TO LIBRA FOUNDATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $231,395

Other Revenue $-2,628,799

TOTAL REVENUE $-2,397,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-2,397,404	$-1,812,728	+0.3%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-1,812,728	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

Governance

Voting Members

Independent Members

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

$1,010,560

Total Directors

$777,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG N DENEKAS	CHAIRMAN & CEO	1.00	Officer Director	$14,500	$82,264	$531,493
OWEN W WELLS	DIRECTOR	1.00	Director	$14,500	$59,572	$188,590
PENDRED E NOYCE	DIRECTOR	1.00	Director	$14,500	$0	$28,000
WILLIAM J RYAN	DIRECTOR	1.00	Director	$14,500	$0	$29,000
JERE G MICHELSON	PRESIDENT, COO & CFO	1.00	Officer	$0	$68,839	$479,067
ERIK K HAYWARD	EXECUTIVE VICE-PRESIDENT	1.00	Highest	$0	$66,830	$356,998
PAUL PIETROPAOLI	EXECUTIVE VICE-PRESIDENT	1.00	Highest	$0	$83,471	$373,639
JENNIFER COOK	ACCOUNTING ASSISTANT	1.00	Highest	$0	$44,018	$174,080
KATHI GIEDRIS	ADMINISTRATIVE ASSISTANT	1.00	Highest	$0	$44,923	$174,985

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	No data	No data	No data	No data
2023	$-2,397,404	No data	$58,318,445	No data
2022	$-1,812,728	No data	$59,502,201	No data
2021	$-1,397,753	No data	$65,654,682	No data
2020	$-3,104,098	No data	$68,310,789	No data

OCTOBER CORPORATION