CORE PROGRAMS INC (EIN 311815003) - 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

HEATHER R FRANKLIN

Phone

7043365233

Tax Period

2023-01-01 to 2023-12-31

CORE PROGRAMS INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $5.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDING BENEFITS AND SERVICES TO LOW-INCOME PERSONS WITHIN THE TERRITORIAL JURISDICTION OF INLIVIAN.

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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 $3,662,302

Program Service Revenue $1,119,794

Investment Income $5,927

Other Revenue $0

TOTAL REVENUE $4,788,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,559,573

Fundraising Expenses $0

Program Expenses $3,998,640

Other Expenses $1,879,614

TOTAL EXPENSES $5,439,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,788,023	$4,032,323	+0.2%
Expenses	$5,439,187	$4,636,165	+0.2%
Net Income	$-651,164	$-603,842	+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

$2,370,785

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY MCKINNON	CHAIR COMMISSIONER	1.00	Director	$0	$0	$0
MICHAEL KENNERLY	VICE CHAIR COMMISSIONER	1.00	Director	$0	$0	$0
LINDA ASHENDORF	COMMISSIONER	1.00	Director	$0	$0	$0
ANTOINE DENNARD	COMMISSIONER	1.00	Director	$0	$0	$0
ERIN SMITH	COMMISSIONER	1.00	Director	$0	$0	$0
FATINA ALLEN	COMMISSIONER	1.00	Director	$0	$0	$0
MAURICE ROBINSON	COMMISSIONER	1.00	Director	$0	$0	$0
FULTON MEACHEM	CEO	1.00	Officer	$0	$46,632	$432,963
HEATHER FRANKLIN	EVP, FINANCE	1.00	Officer	$0	$37,653	$226,519
HARRIETT HUELL	EVP, LEGAL	1.00	Officer	$0	$31,549	$211,238
KEN WOOD	EVP, INFORMATION TECH - PART YEAR	1.00	Officer	$0	$17,845	$142,882
TOMICO EVANS	EVP, CORE	1.00	Officer	$0	$20,778	$160,440
KENYA LEWIS	EVP, PEOPLE AND CULTURE	1.00	Officer	$0	$21,326	$146,495
TEMEKA COUCH	EVP, HOUSING CHOICE VOUCHERS	1.00	Officer	$0	$16,689	$153,376
ERIC SCOTT	COO	1.00	Officer	$0	$22,721	$176,471
ALLAN RIVERA	EVP, INFORMATION TECHNOLOGY	1.00	Officer	$0	$19,954	$151,877
ALLEN GONG	EVP, REAL ESTATE DEVELOPMENT	1.00	Officer	$0	$17,342	$165,769
CHERON PORTER	EVP, CORPORATE COMMUNICATIONS	1.00	Officer	$0	$22,176	$183,150
KIMBERLIE SMITH	EVP, BLUE HORIZON	1.00	Officer	$0	$36,548	$219,605

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	$4,788,023	$5,439,187	$3,789,802	$-651,164
2022	$4,032,323	$4,636,165	$4,032,089	$-603,842
2021	$3,649,405	$3,762,933	$3,904,146	$-113,528
2020	$1,637,803	$4,073,342	$3,606,890	$-2,435,539
2019	$901,943	$3,379,161	$3,252,402	$-2,477,218
2018	$130,522	$258,213	$2,338,578	$-127,691

CORE PROGRAMS INC