CANAAN DEVELOPMENT FOUNDATION (EIN 371358034) - 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

1995

Legal Domicile

Principal Officer

Reverend B J Tatum

Phone

2173672158

Tax Period

2024-01-01 to 2024-12-31

CANAAN DEVELOPMENT FOUNDATION, founded in 1995, is a small nonprofit in the Education sector that reported $602K in total revenue in fiscal year 2018.

Mission

To provide educational, social services, and charitable work to those in the community who need assistance.

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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 (2024)

Revenue Breakdown

Contributions & Grants $211,246

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,653

Fundraising Expenses $0

Program Expenses $211,246

Other Expenses $55,593

TOTAL EXPENSES $211,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,246	$195,492	+0.1%
Expenses	$211,246	$195,492	+0.1%
Net Income	$0	$0	N/A

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

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

$51,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryant Tatum	Director	20	Director	$0	$51,264	$51,264
Carlton Bruett	Director	2	Director	$0	$0	$0
Reverend B J Tatum	President	20	Director	$0	$0	$0
Marion Knight	Treasurer	2	Director	$0	$0	$0
Sheena Bruett	Secretary	20	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	$211,246	$211,246	No data	No data
2023	$195,492	$195,492	No data	No data
2022	$229,228	$229,228	No data	No data
2021	$150,173	$215,211	No data	$-65,038
2020	$331,972	$342,478	No data	$-10,506
2019	$476,689	$499,619	No data	$-22,930
2018	$601,802	$598,709	No data	$3,093

CANAAN DEVELOPMENT FOUNDATION