COMMUNITYWIDE CHARITIES INCORPORATED (EIN 205045075) - 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

2006

Legal Domicile

Principal Officer

SHOLA MUYIDE

Phone

6176496949

Tax Period

2024-01-01 to 2024-12-31

COMMUNITYWIDE CHARITIES INCORPORATED, founded in 2006, is a small nonprofit in the Human Services sector that reported $215K in total revenue in fiscal year 2024. The organization ran a surplus of $129K, a strong 60% operating margin.

Mission

we fed 7,719 individuals in 2,901 households which include the elderly, single mothers, people with disabilities, widows, widowers, nursing mothers and Children. Each was given 2 Pack 5 KG Bags Rice, other food items

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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 $214,150

Program Service Revenue $0

Investment Income $958

Other Revenue $0

TOTAL REVENUE $215,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,259

Other Expenses $86,065

TOTAL EXPENSES $86,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,108	$201,666	+0.1%
Expenses	$86,065	$272,114	-0.7%
Net Income	$129,043	$-70,448	-2.8%

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

N/A

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
Shola Muyide	President	015.00	Director	$0	$0	$0
Walter O Oluwole	Chief Technology Officer	020.00	Director	$0	$0	$0
Comfort O Muyide	Program Director	003.00	Director	$0	$0	$0
Taiwo Akinola	Project Director	012.00	Director	$0	$0	$0
Johnson I Farotimi	Executive Director	007.00	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	$215,108	$86,065	$479,624	$129,043
2023	$201,666	$272,114	$350,582	$-70,448
2023	$201,666	$272,114	$350,582	$-70,448
2023	$201,666	$272,114	$350,582	$-70,448
2022	$205,540	$158,838	$421,031	$46,702
2022	$205,540	$158,838	$421,031	$46,702
2022	$205,540	$158,838	$421,031	$46,702
2021	$210,700	$54,271	$382,325	$156,429
2021	$210,700	$54,271	$382,325	$156,429

COMMUNITYWIDE CHARITIES INCORPORATED