COCOA HOUSE INC (EIN 202348352) - 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

2004

Legal Domicile

Principal Officer

WILLIAM RIVAS

Phone

9493389825

Tax Period

2024-01-01 to 2024-12-31

COCOA HOUSE INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $139K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $48K, a strong 34% operating margin.

Mission

TO PROVIDE ACADEMIC ENRICHMENT AND SUSTAINABLE LIFE SKILLS IN A SAFE AFTER SCHOOL ENVIRONMENT FOR INNER-CITY YOUTH IN SCHENECTADY, NY.

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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 $138,488

Program Service Revenue $0

Investment Income $31

Other Revenue $0

TOTAL REVENUE $138,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,397

Fundraising Expenses $10,445

Program Expenses $59,196

Other Expenses $62,451

TOTAL EXPENSES $90,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,519	$211,612	-0.3%
Expenses	$90,848	$88,487	+0.0%
Net Income	$47,671	$123,125	-0.6%

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

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

$14,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RIVAS	EXECUTIVE DI	40.00	Director	$14,064	$0	$14,064
JAMES D THOMAS JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADONIS RICHARDS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LAURA BACKER	TREASURER	1.00	Officer Director	$0	$0	$0
GINA TORRES	SECRETARY	1.00	Officer Director	$0	$0	$0
AVA DIEDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH KOSACK	BOARD MEMBER	1.00	Director	$0	$0	$0
KURSHAWN WILLIAMS	BOARD 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
2024	$138,519	$90,848	$421,207	$47,671
2023	$211,612	$88,487	$365,544	$123,125
2022	$97,665	$90,142	$273,517	$7,523
2021	$155,737	$78,825	$200,492	$76,912

COCOA HOUSE INC