TENT CITY CORPORATION (EIN 042684781) - 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

1979

Legal Domicile

Principal Officer

DAMON ISLES

Phone

6172624103

Tax Period

2024-01-01 to 2024-12-31

TENT CITY CORPORATION, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $7.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $11.6M exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES.

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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 $3,345

Program Service Revenue $7,812,361

Investment Income $47,963

Other Revenue $59,068

TOTAL REVENUE $7,922,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,505,404

Other Expenses $11,627,627

TOTAL EXPENSES $11,627,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,922,737	$7,231,192	+0.1%
Expenses	$11,627,627	$10,938,638	+0.1%
Net Income	$-3,704,890	$-3,707,446	0.0%

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

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
VANESSA SAULSBERRY	PRESIDENT	6.00	Officer Director	$0	$0	$0
BROCK BOWEN	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
UROYOAN NAZYAT	TREASURER	4.00	Officer Director	$0	$0	$0
ROXIE ROGERS	CLERK	4.00	Officer Director	$0	$0	$0
EILEEN BRIGANDI	DIRECTOR	2.00	Director	$0	$0	$0
REV JAY WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
GALE HAYDEN	DIRECTOR	2.00	Director	$0	$0	$0
JASON DURRANT	DIRECTOR	2.00	Director	$0	$0	$0
CELIA JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE BICKERSTAFF	DIRECTOR	2.00	Director	$0	$0	$0
DAMON ISLES	DIRECTOR	2.00	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
2024	$7,922,737	$11,627,627	$38,420,831	$-3,704,890
2023	No data	No data	No data	No data
2022	$6,471,977	$10,000,686	$43,412,206	$-3,528,709
2021	$6,196,753	$9,758,402	$46,310,020	$-3,561,649
2020	$6,965,372	$9,204,033	$49,560,972	$-2,238,661
2019	$7,655,281	$9,421,133	$52,321,679	$-1,765,852
2018	$7,152,861	$8,271,437	$54,794,435	$-1,118,576

TENT CITY CORPORATION