244 CLAREMONT CORPORATION (EIN 261458511) - 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

2007

Legal Domicile

Principal Officer

SETH DIAMOND

Phone

9147610600

Tax Period

2024-07-01 to 2025-06-30

244 CLAREMONT CORPORATION, founded in 2007, is a micro nonprofit that reported $62K in total revenue in fiscal year 2024. Expenses of $146K exceeded revenue, resulting in a 135% operating deficit.

Mission

244 CLAREMONT CORP PROVIDES DEVELOPMENTALLY DISABLED PERSONS WITH COMMUNITY RESIDENTIAL FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS ON A NONPROFIT BASIS.

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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 $0

Program Service Revenue $61,704

Investment Income $639

Other Revenue $0

TOTAL REVENUE $62,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,649

Fundraising Expenses $0

Program Expenses $122,839

Other Expenses $108,668

TOTAL EXPENSES $146,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,343	$62,402	0.0%
Expenses	$146,317	$129,495	+0.1%
Net Income	$-83,974	$-67,093	+0.3%

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

$180,828

Total Directors

$225,472

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON VAN LOON	DIRECTOR	0.05	Director	$0	$33,975	$225,472
LAUREN BASSIN	SECRETARY/TR	0.50	Officer	$0	$44,314	$180,828
CAROL CORBIN	PRESIDENT	0.05	Officer Director	$0	$0	$0
LINDA PLATTUS	VICE PRESIDE	0.05	Officer Director	$0	$0	$0
MICHEL ARATEN	DIRECTOR	0.05	Director	$0	$0	$0
MEIRA FLEISCH	DIRECTOR	0.05	Director	$0	$0	$0
BRUCE FREYER	DIRECTOR	0.05	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
2025	$62,343	$146,317	$819,365	$-83,974
2024	$62,402	$129,495	$849,186	$-67,093
2023	$75,608	$155,493	$874,749	$-79,885
2022	$126,624	$122,884	$1,035,064	$3,740
2021	$126,483	$109,155	$1,008,160	$17,328
2020	$126,623	$105,342	$1,059,970	$21,281
2019	$126,619	$103,736	$1,067,753	$22,883
2018	$126,536	$108,517	$1,106,508	$18,019

244 CLAREMONT CORPORATION