COGIC CHARITIES INC (EIN 371437524) - 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

Tax Period

2023-01-01 to 2023-12-31

COGIC CHARITIES INC is a small nonprofit in the Human Services sector that reported $311K in total revenue in fiscal year 2023. Expenses of $408K exceeded revenue, resulting in a 31% operating deficit.

Mission

BENEVOLENCE TO COMMUNITIES IN NEED.

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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 $102,835

Program Service Revenue $121,762

Investment Income $86,569

Other Revenue $0

TOTAL REVENUE $311,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $353,173

Other Expenses $407,674

TOTAL EXPENSES $407,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,166	$324,078	0.0%
Expenses	$407,674	$169,084	+1.4%
Net Income	$-96,508	$154,994	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BISHOP J DREW SHEARD	President	Officer Director	$0	$0	$0
DR SYLVIA H LAW	Executive Dir.	Officer Director	$0	$0	$0
PATRICIA WAYS	Secretary	Officer Director	$0	$0	$0
KENDRA BROWN	Treasurer	Officer Director	$0	$0	$0
ROBERT COLEMAN	Vice Director	Officer 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	$311,166	$407,674	$1,303,171	$-96,508
2022	$324,078	$169,084	$1,414,611	$154,994
2021	$81,770	$89,281	$1,259,616	$-7,511
2020	$107,339	$147,612	$1,254,269	$-40,273
2019	$147,833	$86,070	$1,294,542	$61,763
2018	$11,274	$92,111	$1,232,779	$-80,837

COGIC CHARITIES INC