Common Wealth Associates Inc (EIN 300842673) - 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

2014

Legal Domicile

Principal Officer

Chuck Jones

Phone

9806361262

Tax Period

2023-07-01 to 2024-06-30

Common Wealth Associates Inc, founded in 2014, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $627K, a strong 32% operating margin.

Mission

To equip low-income wage earners with increased financial capability so they can attain financial stability and decrease reliance on charitable assistance. This is achieved through a trauma-informed approach including education, personalized counseling, access to banking, and no-interest loans.

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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 $1,906,660

Program Service Revenue $0

Investment Income $31,826

Other Revenue $0

TOTAL REVENUE $1,938,486

Expense Breakdown

Grants Paid $13,820

Salaries & Benefits $1,031,835

Fundraising Expenses $176,241

Program Expenses $954,235

Other Expenses $265,858

TOTAL EXPENSES $1,311,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,938,486	$1,153,438	+0.7%
Expenses	$1,311,513	$1,258,233	+0.0%
Net Income	$626,973	$-104,795	-7.0%

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

Volunteers

200

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

$128,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chuck Jones	Executive Dir.	50.00	Officer	$125,212	$3,767	$128,979
Reggie Gaither	Board Chair	4.00	Officer Director	$0	$0	$0
Kayla Taylor	Secretary	4.00	Officer Director	$0	$0	$0
Patrick Ryan	Treasurer	4.00	Officer Director	$0	$0	$0
Raquishela Stewart	Director	2.00	Director	$0	$0	$0
Rukiya Kelly	Director	2.00	Director	$0	$0	$0
Barbara Meeks	Director	2.00	Director	$0	$0	$0
Catherine Etemad	Director	2.00	Director	$0	$0	$0
Pamela Rudd	Director	2.00	Director	$0	$0	$0
Pamela Hutson	Director	2.00	Director	$0	$0	$0
Kim Sloat	Director	2.00	Director	$0	$0	$0
Andy Jenkins	Director	2.00	Director	$0	$0	$0
Vanessa Clark	Director	2.00	Director	$0	$0	$0
Sam Smith	Director	2.00	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	No data	No data	No data	No data
2024	$1,938,486	$1,311,513	$1,894,145	$626,973
2023	$1,153,438	$1,258,233	$1,254,720	$-104,795
2022	$1,217,471	$984,642	$1,358,848	$232,829
2021	$995,368	$747,784	$1,144,814	$247,584
2020	$1,220,201	$672,393	$958,487	$547,808
2019	$386,859	$348,276	$334,634	$38,583
2018	$335,726	$274,112	$275,606	$61,614

Common Wealth Associates Inc