CANONSBURG CORPORATION

EIN: 056034037

NARRAGANSETT, RI

Total Revenue
$57,328
Total Expenses
$76,593
Total Assets
$1,018,784
Net Assets
$1,016,684
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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
1966
Legal Domicile
RI
Principal Officer
JOSEPH HART
Phone
4017834852
Tax Period
2023-09-01 to 2024-08-31

CANONSBURG CORPORATION, founded in 1966, is a micro nonprofit that reported $57K in total revenue in fiscal year 2023. Revenue surged 729% from the prior year, signaling strong growth momentum. Expenses of $77K exceeded revenue, resulting in a 34% operating deficit.

Mission

COLLEGIATE HOUSING FOR FRATERNAL ACTIVITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $56,865
Investment Income $463
Other Revenue $0
TOTAL REVENUE $57,328

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,830
Other Expenses $76,593
TOTAL EXPENSES $76,593

Year-over-Year Comparison

2023 2022 Change
Revenue $57,328 $6,917 +7.3%
Expenses $76,593 $39,730 +0.9%
Net Income $-19,265 $-32,813 -0.4%
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
12
Independent Members
N/A
Employees
N/A
Volunteers
12

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT PRATTICO PRESIDENT 2.00
Officer
$0 $0 $0
JOSEPH HART TREASURER 3.00
Officer
$0 $0 $0
STEVEN RODRIGUEZ SECRETARY 1.00
Officer
$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 No data No data No data No data
2024 $57,328 $76,593 $1,018,784 $-19,265
2023 $6,917 $39,730 $1,036,971 $-32,813
2022 $13,442 $146,201 $1,069,893 $-132,759
2021 $2,091 $11,056 $1,202,370 $-8,965
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