CENTER CITY DISTRICT FOUNDATION (EIN 232701217) - 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

1992

Legal Domicile

Principal Officer

PAUL LEVY

Phone

2154405500

Tax Period

2023-01-01 to 2023-12-31

CENTER CITY DISTRICT FOUNDATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE CENTER CITY DISTRICT FOUNDATION WAS ESTABLISHED AS THE CHARITABLE ARM OF THE CENTER CITY DISTRICT (CCD). GRANTS AND CONTRIBUTIONS ARE USED TO INITIATE, TEST, AND SUPPORT PUBLIC IMPROVEMENT INITIATIVES OF THE CCD, SUPPORT FUNDRAISING ACTIVITIES RELATING TO PARKS MANAGED BY THE CCD, RAISE FUNDS FOR CCD'S GREENING INITIATIVES (PLANT! PHILADELPHIA), AND TO INFORM THE PUBLIC ABOUT HOW TO REDUCE HOMELESSNESS IN CENTER CITY.

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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 $1,052,878

Program Service Revenue $32,455

Investment Income $134

Other Revenue $0

TOTAL REVENUE $1,085,467

Expense Breakdown

Grants Paid $596,092

Salaries & Benefits $0

Fundraising Expenses $47,362

Program Expenses $1,110,204

Other Expenses $996,453

TOTAL EXPENSES $1,592,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,085,467	$1,046,256	+0.0%
Expenses	$1,592,545	$1,074,047	+0.5%
Net Income	$-507,078	$-27,791	+17.2%

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

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

$523,878

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL R LEVY	EX OFFICIO/EXECUTIVE DIRECTOR	10	Officer	$0	$36,491	$523,878
GERARD H SWEENEY	CHAIRMAN	1	Officer Director	$0	$0	$0
RICHARD VAGUE	SECRETARY	1	Officer Director	$0	$0	$0
JOHN J CONNORS	DIRECTOR	1	Director	$0	$0	$0
MICHAEL C FORMAN	DIRECTOR	1	Director	$0	$0	$0
THOMAS GRAVINA	DIRECTOR	1	Director	$0	$0	$0
JAMES L PATERNO	DIRECTOR	1	Director	$0	$0	$0
JANE SCACCETTI	DIRECTOR	1	Director	$0	$0	$0
JAIME S FIELD	DIRECTOR	1	Director	$0	$0	$0
MICHELLE HONG	DIRECTOR	1	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	No data	No data	No data	No data
2023	$1,085,467	$1,592,545	$1,088,633	$-507,078
2022	$1,046,256	$1,074,047	$1,193,872	$-27,791
2021	$471,631	$576,164	$1,351,875	$-104,533
2020	$613,711	$661,204	$1,418,722	$-47,493
2019	$832,256	$852,458	$1,152,889	$-20,202
2018	$1,113,478	$1,977,765	$2,186,465	$-864,287

CENTER CITY DISTRICT FOUNDATION