CORPUS CHRISTI PATCH INC (EIN 202821925) - 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

2014

Legal Domicile

Phone

3617287041

Tax Period

2024-01-01 to 2024-12-31

CORPUS CHRISTI PATCH INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $886K in total revenue in fiscal year 2024. Revenue surged 307% from the prior year, signaling strong growth momentum. The organization ran a surplus of $600K, a strong 68% operating margin.

Mission

CORPUS CHRISTI PATCH (POSITIVE ACTION TOWARD CULTURAL HERITAGE) IS COMMITTED TO DEVELOPING, FOSTERING, AND PROMOTING THE ARTS AS VALUABLE EXPERIENCES CENTRAL TO THE VITALITY OF THE COMMUNITY BY RESTORING AND DEVELOPING THE RITZ THEATRE INTO A STATE-OF-THE-ART ENTERTAINMENT AND EDUCATION VENUE OF THE HIGHEST QUALITY.

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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 $885,706

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $885,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,645

Fundraising Expenses $149,083

Program Expenses $97,256

Other Expenses $124,302

TOTAL EXPENSES $285,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,706	$217,855	+3.1%
Expenses	$285,897	$93,318	+2.1%
Net Income	$599,809	$124,537	+3.8%

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

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

$66,554

Total Directors

$66,554

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL REDDING-VOTZMEYER	EXECUTIVE DIRECTOR	40.00	Officer Director	$66,554	$0	$66,554
RAJAN AHUJA	DIRECTOR	2.00	Director	$0	$0	$0
COURTENAY BERRY	DIRECTOR	2.00	Director	$0	$0	$0
TOM GATES	DIRECTOR	2.00	Director	$0	$0	$0
LESLEY LOMAX	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY MCLAIN LUNDQUIST	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SAMPSON	DIRECTOR	2.00	Director	$0	$0	$0
MONICA SAWYER	DIRECTOR	2.00	Director	$0	$0	$0
RICK HATCH	PRESIDENT	2.00	Officer	$0	$0	$0
CHARLIE WEBB	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SALLY GILL	TREASURER	2.00	Officer	$0	$0	$0
COURTNEY BOYNTON MCINTOSH	SECRETARY	2.00	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
2024	$885,706	$285,897	$1,023,381	$599,809
2023	$217,855	$93,318	$422,736	$124,537

CORPUS CHRISTI PATCH INC