CITY SOURCE ASSOCIATES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

Anne Henningsen

Phone

4124313774

Tax Period

2021-01-01 to 2021-12-31

CITY SOURCE ASSOCIATES INC, founded in 1991, is a small nonprofit that reported $483K in total revenue in fiscal year 2021.

Mission

To promote residential investment in the Pittsburgh region

Program Service Accomplishments

Program 1

Expenses: $265,594 Revenue: $281,463

Clean vacant lots for the City of Pittsburgh. Also trained and employ individuals who are considered not employable.

Program 2

Expenses: $146,534 Revenue: $154,612

Clean vacant lots for Urban Redevelopment Authority. Train, employ and supervise employees considered unemployable.

Program 3

Expenses: $45,792 Revenue: $46,787

Clean up private property.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $482,862

Investment Income $0

Other Revenue $0

TOTAL REVENUE $482,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,133

Fundraising Expenses $0

Program Expenses $457,920

Other Expenses $255,352

TOTAL EXPENSES $519,485

Year-over-Year Comparison

	2021	2020	Change
Revenue	$482,862	$464,748	+0.0%
Expenses	$519,485	$469,077	+0.1%
Net Income	$-36,623	$-4,329	+7.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$78,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Harlak	Executive Director	40	Key Emp	$78,737	$0	$78,737
James Tucker	Secretary	1	Officer	$0	$0	$0
William Leute	President	1	Officer	$0	$0	$0
Thomas Yargo	Treasurer	1	Officer	$0	$0	$0
George Sliman	Vice President	1	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	No data	No data	No data	No data
2021	$482,862	$519,485	$140,761	$-36,623
2020	$464,748	$469,077	$142,113	$-4,329
2019	$659,462	$833,485	$172,880	$-174,023
2018	$846,575	$832,614	$331,690	$13,961
2017	$905,024	$811,864	$411,359	$93,160