CLEARER VISION INC (EIN 383439744) - 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

1987

Legal Domicile

Principal Officer

NED F HARGRESS

Phone

3134771461

Tax Period

2023-01-01 to 2023-12-31

CLEARER VISION INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

CLEARER VISION (CV) OPERATES MENTAL HEALTH PROGRAMS THAT BENEFIT THE MENTALLY IMPAIRED. DURING 2011 CV OPERATED APARTMENT BASED RESIDENTIAL PROGRAMS THAT MAITAINED AND SUPPORTED ABOUT

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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 $0

Program Service Revenue $1,187,231

Investment Income $0

Other Revenue $29,500

TOTAL REVENUE $1,216,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,789

Fundraising Expenses $0

Program Expenses $1,234,059

Other Expenses $428,422

TOTAL EXPENSES $1,241,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,216,731	$1,428,419	-0.1%
Expenses	$1,241,211	$1,396,364	-0.1%
Net Income	$-24,480	$32,055	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL HARGRESS	PRESIDENT	1.00	Officer	$0	$0	$0
STEPHEN RANDALL	TREASURER	1.00	Officer	$0	$0	$0
NICHOLAS HARGRESS	SECRETARY	1.00	Officer	$0	$0	$0
GRACE WOODEN	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
VICTORIA KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
NED F HARGRESS	DIRECTOR	1.00	Director	$0	$0	$0
YOKEE HICKS	DIRECTOR	1.00	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
2023	$1,216,731	$1,241,211	No data	$-24,480
2022	$1,428,419	$1,396,364	$34,680	$32,055
2021	$1,032,185	$1,222,105	$5,652	$-189,920
2020	$948,973	$983,587	$126,949	$-34,614
2019	$724,414	$727,034	$-2,251	$-2,620
2018	$710,183	$709,515	No data	$668

CLEARER VISION INC