CENTER FOR SPIRITUAL EXCHANGE (EIN 133200803) - 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

1984

Legal Domicile

Principal Officer

DONALD GOEWEY

Phone

7188175378

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR SPIRITUAL EXCHANGE, founded in 1984, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $321K exceeded revenue, resulting in a 128% operating deficit.

Mission

THE CENTER FOR SPIRITUAL EXCHANGE, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS PURPOSES.

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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 $107,681

Investment Income $32,933

Other Revenue $0

TOTAL REVENUE $140,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,120

Fundraising Expenses $0

Program Expenses $250,760

Other Expenses $234,572

TOTAL EXPENSES $320,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,614	$569,132	-0.8%
Expenses	$320,692	$421,038	-0.2%
Net Income	$-180,078	$148,094	-2.2%

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JONATHAN GALENTE	PRESIDENT,CEO	1.00	Officer Director	$0	$0	$0
KAREN STARR VENTURINI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY BETH MINTON	SECRETARY	1.00	Officer Director	$0	$0	$0
REV LEO DALY	DIRECTOR	1.00	Director	$0	$0	$0
LIAM MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
DONALD GOEWEY	DIRECTOR	20.00	Officer Director	$80,000	$0	$80,000

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	$140,614	$320,692	$813,990	$-180,078
2022	$569,132	$421,038	$954,555	$148,094
2021	$807,087	$596,239	$1,036,362	$210,848
2020	$623,715	$351,759	$736,974	$271,956
2019	$404,827	$311,121	$421,635	$93,706
2018	$142,973	$155,257	$279,800	$-12,284

CENTER FOR SPIRITUAL EXCHANGE