CERTIFIED AUDIT OF CIRCULATIONS INC (EIN 132528190) - 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

1956

Legal Domicile

Principal Officer

THOMAS DROUILLARD

Phone

2243666591

Tax Period

2017-09-01 to 2018-05-16

CERTIFIED AUDIT OF CIRCULATIONS INC, founded in 1956, is a small nonprofit that reported $596K in total revenue in fiscal year 2017. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 299% operating deficit.

Mission

CERTIFIED AUDIT CIRCULATIONS, INC'S PURPOSE IS TO AUDIT CIRCULATION REPORTING FOR THE BENEFIT OF THE ADVERTISING COMMUNITY.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $470,641

Investment Income $62,910

Other Revenue $62,715

TOTAL REVENUE $596,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,769

Fundraising Expenses $0

Other Expenses $1,966,238

TOTAL EXPENSES $2,382,007

Year-over-Year Comparison

	2017	2016	Change
Revenue	$596,266	$984,479	-0.4%
Expenses	$2,382,007	$827,785	+1.9%
Net Income	$-1,785,741	$156,694	-12.4%

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

Governance

Voting Members

Independent Members

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

$742,947

Total Directors

$742,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY SCHIRO	SECRETARY	2.00	Officer Director	$0	$0	$0
MARSHA LAWRENCE	DIRECTOR	2.00	Director	$0	$0	$0
KATHY HEATLEY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
STEVEN K POPE	TREASURER	2.00	Officer Director	$0	$0	$0
DAN BRILEY	DIRECTOR	2.00	Director	$0	$0	$0
AL CUPO	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN BARRETT	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS DROUILLARD	PRESIDENT, CEO & MD	1.00	Officer Director	$0	$35,743	$742,947
DEBBIE MARAGOUDAKIS	DIRECTOR OF AUDITING	40.00	Highest	$111,049	$12,078	$123,127

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
2018	$596,266	$2,382,007	No data	$-1,785,741

CERTIFIED AUDIT OF CIRCULATIONS INC