COREVERITAS

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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

Kent Bradley

Phone

9706895037

Tax Period

2022-01-01 to 2022-12-31

COREVERITAS, founded in 2009, is a micro nonprofit in the Employment sector that reported $8K in total revenue in fiscal year 2022. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 269% operating deficit.

Mission

2022 has focused efforts in expanding reach of current content and development via social media sites. The goal of also supporting the development of a full length feature documentary film highlighting the complex issue of addiction and mental health continues as well.

Program Service Accomplishments

Program 1

Expenses: $20,021 Revenue: $0

Dedicated funds to support the video shoot of the full length documentary by paying professional fees.

Program 2

Expenses: $1,882 Revenue: $0

Maintained website and social media presence to highlight existing educational content.

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,631

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,903

Other Expenses $28,123

TOTAL EXPENSES $28,123

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,631	$43,600	-0.8%
Expenses	$28,123	$32,275	-0.1%
Net Income	$-20,492	$11,325	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kent Bradley	Chairman of the Board	2	Officer Director	$0	$0	$0
David Knight	Executive Director	2	Officer Director	$0	$0	$0
Kris Peterson	Director	1	Director	$0	$0	$0
Ward Ching	Director	1	Director	$0	$0	$0
Alex Gervacio	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
2022	$7,631	$28,123	$40,047	$-20,492