CITY URBAN REVITALIZATION CORPORATION (EIN 311801639) - 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

2001

Legal Domicile

Principal Officer

Kevin Biersack

Phone

7607700378

Tax Period

2023-07-01 to 2024-06-30

CITY URBAN REVITALIZATION CORPORATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $117K in total revenue in fiscal year 2023. Expenses of $250K exceeded revenue, resulting in a 114% operating deficit.

Mission

Assisting the City of Cathedral City in revitalizing its downtown region by: (1) developing an entertainment/hospitality district in the downtown redevelopment zone; (2) providing the amenities associated with said district; and (3) performing any ancillary or related activity in furtherance of the foregoing.

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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 $24,255

Program Service Revenue $0

Investment Income $0

Other Revenue $92,380

TOTAL REVENUE $116,635

Expense Breakdown

Grants Paid $29,968

Salaries & Benefits $91,692

Fundraising Expenses $0

Program Expenses $248,924

Other Expenses $127,877

TOTAL EXPENSES $249,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,635	$-5,593,660	-1.0%
Expenses	$249,537	$343,946	-0.3%
Net Income	$-132,902	$-5,937,606	-1.0%

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

N/A

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

$592,933

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles McClendon	Executive Director	1.25	Officer	$0	$32,474	$316,722
Kevin Biersack	Chief Financial Officer	2.25	Officer	$0	$40,881	$276,211
Gary Howell	Director	0.75	Director	$0	$0	$0
Orison Mann	Chairman	0.75	Director	$0	$0	$0
Open	Director	0	Director	$0	$0	$0
Open	Director	0	Director	$0	$0	$0
Open	Director	0	Director	$0	$0	$0
Jim L Sherman	Secretary	4	Officer	$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	$116,635	$249,537	$18,225,706	$-132,902
2023	$-5,593,660	$343,946	$18,358,608	$-5,937,606
2022	$124,663	$627,906	$25,313,463	$-503,243
2021	$124,204	$8,421,473	$25,816,934	$-8,297,269

CITY URBAN REVITALIZATION CORPORATION