CHRIS WHITE COMMUNITY DEVELOPMENT CORPORATION (EIN 311674388) - 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

1999

Legal Domicile

Principal Officer

John Stafford

Phone

3027781908

Tax Period

2023-01-01 to 2023-12-31

CHRIS WHITE COMMUNITY DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $296K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $548K exceeded revenue, resulting in a 85% operating deficit.

Mission

Our mission is to develop affordable artists' housing along with the supporting infrastructures that cultivate a Wilmington art community capable of innovative and lasting collaborations with its surroundings.

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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 $9,021

Program Service Revenue $275,374

Investment Income $11,897

Other Revenue $0

TOTAL REVENUE $296,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $544,016

Other Expenses $547,595

TOTAL EXPENSES $547,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,292	$261,745	+0.1%
Expenses	$547,595	$496,225	+0.1%
Net Income	$-251,303	$-234,480	+0.1%

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

$1,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andy Vible	Director	6	Director	$1,460	$0	$1,460
Rickie Akines	Director	1	Director	$0	$0	$0
Sharon Leyhow	President and Director	8	Officer Director	$0	$0	$0
John Stafford	Director, Assistant Treasurer	10	Officer Director	$0	$0	$0
Jason Stoehr	Vice President and Director	3	Officer Director	$0	$0	$0
Danny Schweers	Director	12	Director	$0	$0	$0
Patricia Whitman	Director	4	Director	$0	$0	$0
Scott Serota	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
2024	No data	No data	No data	No data
2023	$296,292	$547,595	$3,791,064	$-251,303
2022	$261,745	$496,225	$4,033,793	$-234,480
2021	$257,213	$491,031	$4,262,302	$-233,818
2020	$238,108	$482,142	$4,474,293	$-244,034
2019	$229,328	$486,602	$4,698,309	$-257,274
2018	$217,376	$457,403	$4,939,720	$-240,027

CHRIS WHITE COMMUNITY DEVELOPMENT CORPORATION