CATHEDRAL TERRACE INC (EIN 237301688) - 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

1972

Legal Domicile

Principal Officer

TERESA K BARTON

Phone

9048071203

Tax Period

2023-10-01 to 2024-09-30

CATHEDRAL TERRACE INC, founded in 1972, is a micro nonprofit in the Housing & Shelter sector that reported $81K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $625K exceeded revenue, resulting in a 672% operating deficit.

Mission

AFTER THE SALE OF ITS REAL ESTATE IN 2016, THE ORGANIZATION NOW OPERATES AS A PARTNER IN CATHEDRAL REDEVELOPMENT ASSOCIATES, LLC. AS A PARTNER, THE ORGANIZATION RECEIVES DEVELOPMENT FEES RELATED TO THE SUBSTANTIAL REHABILITATION OF THE REAL ESTATE THAT IT FORMERLY OPERATED. AS IT RECEIVES DEVELOPMENT FEES, THE ORGANIZATION IN TURN DONATES THE EXCESS AVAILABLE FUNDS TO THE COMMUNITY SENIOR SERVICES, INC.(A RELATED ORGANIZATION) TO SUPPORT ITS MISSION OF PROVIDING ESENTIAL AND INNOVATIVE RESOURCES TO ELDERS IN NEED.

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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 $0

Program Service Revenue $0

Investment Income $80,984

Other Revenue $0

TOTAL REVENUE $80,984

Expense Breakdown

Grants Paid $625,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $625,000

Other Expenses $0

TOTAL EXPENSES $625,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,984	$96,818	-0.2%
Expenses	$625,000	$717,359	-0.1%
Net Income	$-544,016	$-620,541	-0.1%

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

$780,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA K BARTON	CEO/EXEC DIR	1.00	Officer	$0	$36,132	$366,132
SAMUEL HALL	COO/CHIEF OP	N/A	Officer	$0	$46,600	$222,398
LEE E WILSON	CFO	N/A	Officer	$0	$11,606	$191,600
REBECCA L BERG	PAST CHAIR/D	N/A	Officer Director	$0	$0	$0
DR WHITNEY GEORGE	SECRETARY/DI	N/A	Officer Director	$0	$0	$0
PASQUALE GILBERTO	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW HARMON	CHAIR-ELECT/	N/A	Director	$0	$0	$0
KEVIN KENNEY	DIRECTOR	N/A	Director	$0	$0	$0
AMBER ISLEY MD	DIRECTOR	N/A	Director	$0	$0	$0
GREGORY REDMON	CHAIR/DIRECT	N/A	Director	$0	$0	$0
ALFRED W RUTLAND	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL R WEATHERBY	DIRECTOR	N/A	Director	$0	$0	$0
SHARON T WILBURN	DIRECTOR	N/A	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	$80,984	$625,000	$1,417,962	$-544,016
2023	$96,818	$717,359	$1,961,978	$-620,541
2022	$114,185	$205,694	$2,582,519	$-91,509
2021	$116,526	$111,561	$2,674,028	$4,965
2020	$116,790	$394,525	$2,669,063	$-277,735
2019	$151,477	$248,021	$2,946,798	$-96,544
2018	$768,509	$509,574	$3,043,342	$258,935

CATHEDRAL TERRACE INC