CORE SERVICES GROUP INC (EIN 141925944) - 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

2005

Legal Domicile

Principal Officer

JACK BROWN

Phone

7188018050

Tax Period

2023-01-01 to 2023-12-31

CORE SERVICES GROUP INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $357K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 923% operating deficit.

Mission

To provide shelter and supportive services to underserved individuals and families.The org operates culturally-sensitive emergency and transitional housing for homelessindividuals and families and a residential reentry center for formerly incarcertaedwoman and men (returning citizens). Our programs are designed to help equip clientswith the tools needed to successfuly address the challenges of independt living andself-sufficiency.

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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 $357,047

Investment Income $0

Other Revenue $0

TOTAL REVENUE $357,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,998,233

Fundraising Expenses $0

Program Expenses $1,032,650

Other Expenses $1,653,131

TOTAL EXPENSES $3,651,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,047	$11,964,805	-1.0%
Expenses	$3,651,364	$28,328,056	-0.9%
Net Income	$-3,294,317	$-16,363,251	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendy S Weingart	VP OF GENERAL COUN	15.00		$108,776	$0	$108,776
JACK BROWN	President & CEO	15.00	Officer Director	$0	$0	$0
DR SANDRA DUPREE	Chairman	1.00	Officer Director	$0	$0	$0
LAWRENCE WHITESIDE	Secretary	1.00	Director	$0	$0	$0
BOBBY JACKSON	Treasurer	1.00	Director	$0	$0	$0
JASON JONES	MEMBER	1.00	Director	$0	$0	$0
PATRICK YOUNG	MEMBER	1.00	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
2023	$357,047	$3,651,364	$32,756,434	$-3,294,317
2022	$11,964,805	$28,328,056	$34,878,290	$-16,363,251
2021	$115,882,548	$115,428,062	$39,760,197	$454,486
2020	$113,655,647	$110,863,921	$32,955,502	$2,791,726
2019	$106,086,877	$104,174,787	$12,104,913	$1,912,090
2019	$106,086,877	$104,174,787	$12,104,913	$1,912,090
2019	$105,529,734	$103,769,916	$11,115,796	$1,759,818
2018	$60,733,834	$59,855,077	$30,467,557	$878,757
2018	$61,186,683	$60,172,492	$14,592,260	$1,014,191
2018	$61,186,683	$60,172,492	$14,592,260	$1,014,191
2018	$61,186,683	$60,172,492	$14,592,260	$1,014,191
2017	$23,852,461	$23,300,272	$6,229,091	$552,189
2017	$23,364,793	$23,260,587	$5,226,705	$104,206

CORE SERVICES GROUP INC