CLERESTORY INC (EIN 274967363) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

GREGORY K MIXON

Phone

2052596636

Tax Period

2023-01-01 to 2023-12-31

CLERESTORY INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $184K in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 14% operating deficit.

Mission

CLERESTORY'S VISION IS TO BE A PLATFORM TO RAISE AWARENESS OF THE UNIQUE AND CRITICAL MISSION OF TRUE-GOSPEL CHURCHES ON THE GROUND DOING THE WORK OF MAKING DISCIPLES AMONG THE POOR AND MARGINALIZED, AND TO FOCUS CHRISTIAN CHARITY TOWARD DISCIPLE-MAKING CHURCHES AND THE NON-PROFITS THAT SUPPORT THEM. CLERESTORY CARRIES OUT THIS VISION BY UTILIZING MORE THAN A DOZEN YEARS OF ON-THE-GROUND EXPERIENCE TO PROVIDE FINANCIAL AND LOGISTICAL SUPPORT THROUGH CONSULTING, ACCESS TO VOLUNTEERS, EXPERTISE AND SERVICES TO CHURCHES AND NON-PROFITS IN PARTICULAR AREAS OF SPECIALIZED NEED, ESPECIALLY IN THE AREA OF ECONOMIC DEVELOPMENT AND ASSISTANCE TO INDIVIDUALS WALKING A PATH TO FINANCIAL SELF-SUFFICIENCY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,122,853

Program Service Revenue $0

Investment Income $0

Other Revenue $-51,019

TOTAL REVENUE $1,071,834

Expense Breakdown

Grants Paid $266,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $266,950

Other Expenses $115,403

TOTAL EXPENSES $382,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,071,834	$405,091	+1.6%
Expenses	$382,353	$208,545	+0.8%
Net Income	$689,481	$196,546	+2.5%

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

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MIXON	CHAIRMAN/PRESIDENT	10.00	Officer Director	$0	$0	$0
BETH DRENNEN	DIRECTOR	10.00	Director	$1,500	$0	$1,500
JAMES LLOYD	SECRETARY	0.50	Officer 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	$1,071,834	$382,353	$1,033,320	$689,481
2022	$405,091	$208,545	$343,839	$196,546
2021	$120,164	$123,722	$147,293	$-3,558
2020	$225,266	$123,207	$150,851	$102,059
2019	$169,754	$252,385	$48,792	$-82,631
2018	$183,702	$209,084	$194,129	$-25,382

CLERESTORY INC