CLEAN SLATE E3 INC (EIN 264311368) - 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

2009

Legal Domicile

Principal Officer

BERNIE MCGINLEY

Phone

4124565058

Tax Period

2024-01-01 to 2024-12-31

CLEAN SLATE E3 INC, founded in 2009, is a micro nonprofit in the Education sector that reported $46K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $262K exceeded revenue, resulting in a 466% operating deficit.

Mission

THE CORPORATION SHALL PROMOTE A DRUG FREE LIFESTYLE, AND SUPPORT EDUCATIONAL OPPORTUNITIES AND HUMAN AND SOCIAL SERVICES PROGRAMS, FOR RESIDENTS OF AFFORDABLE AND MIXED INCOME HOUSING COMMUNITIES. THE CORPORATION SHALL ALSO HAVE THE ABILITY TO ENGAGE IN ANY OTHER ACTIVITIES PERMITTED BY LAW AND CONSISTENT WITH THEIR CHARITABLE PURPOSE.

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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 $46,304

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,304

Expense Breakdown

Grants Paid $141,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $256,200

Other Expenses $120,450

TOTAL EXPENSES $262,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,304	$150,503	-0.7%
Expenses	$262,200	$195,700	+0.3%
Net Income	$-215,896	$-45,197	+3.8%

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

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

$528,101

Total Directors

$937,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE MCDONALD-ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD MCGINLEY	TREASURER	1.00	Officer Director	$0	$45,655	$205,495
MICHELLE SANDIDGE	DIRECTOR	6.50	Director	$0	$40,504	$232,501
CASTER BINION	PRESIDENT	1.00	Officer Director	$0	$45,261	$322,606
MARSHA GRAYSON	DIRECTOR	1.00	Director	$0	$13,721	$176,672

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	$46,304	$262,200	$2,154,052	$-215,896
2023	$150,503	$195,700	$375,948	$-45,197
2022	$54,139	$113,450	$342,071	$-59,311
2021	$130,671	$82,300	$318,601	$48,371
2020	$8,282	$127,475	$270,230	$-119,193
2019	$94,598	$46,500	$389,923	$48,098
2018	$221,284	$46,565	$341,325	$174,719

CLEAN SLATE E3 INC