VERA COURT NEIGHBORHOOD CENTER INC

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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

1998

Legal Domicile

Principal Officer

RICHARD JONES

Phone

6082468372

Tax Period

2023-01-01 to 2023-12-31

VERA COURT NEIGHBORHOOD CENTER INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Net assets of $3.9M represent 30 months of operating reserves.

Mission

TO WORK IN COLLABORATION WITH COMMUNITY MEMBERS AND ORGANIZATIONS TO PROVIDE PROGRAMMING AND SERVICES FOR CHILDREN, YOUTH, FAMILIES, SENIORS, AND PEOPLE OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $897,091

CHILDREN AND YOUTH - PROVIDE OPPORTUNITIES FOR RECREATION, PERSONAL GROWTH AND EDUCATION TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN. PROGRAMS INCLUDE COMPUTER TRAINING, AFTER SCHOOL AND SUMMER...

CHILDREN AND YOUTH - PROVIDE OPPORTUNITIES FOR RECREATION, PERSONAL GROWTH AND EDUCATION TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN. PROGRAMS INCLUDE COMPUTER TRAINING, AFTER SCHOOL AND SUMMER ACTIVITIES.

Program 2

Expenses: $132,649

FACILITY USE - PROVIDES A COMMUNITY CENTER, KITCHEN AND A LOCATION FOR NEIGHBORHOOD EVENTS, ACTIVITIES AND CLASSES. ALSO PROVIDES FOR ADMINISTRATION EXPENSE AND BUILDING MAINTENANCE.

Program 3

Expenses: $151,907

COMMUNITY ASSISTANCE- PROVIDE OUTREACH, COUNSELING, AND SUPPORT TO RESIDENTS OF THE COMMUNITY. OTHER PROGRAM SERVICES PROVIDED TO RESIDENTS OF VERA COURT NEIGHBORHOOD.

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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 $1,346,510

Program Service Revenue $0

Investment Income $193,350

Other Revenue $28,026

TOTAL REVENUE $1,567,886

Expense Breakdown

Grants Paid $124,117

Salaries & Benefits $1,087,119

Fundraising Expenses $59,622

Program Expenses $1,439,072

Other Expenses $408,026

TOTAL EXPENSES $1,626,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,567,886	$1,481,113	+0.1%
Expenses	$1,626,762	$1,188,836	+0.4%
Net Income	$-58,876	$292,277	-1.2%

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

148

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

$118,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORINDA RAINEY-MOORE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENT WRAY	FORMER PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
DAVID KRAUSE	TREASURER	2.00	Officer Director	$0	$0	$0
CORA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA REYES	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HOSKINS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL STEINBRING	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL SCHWEDER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD JONES	EXECUTIVE DIRECTOR	40.00	Officer	$105,250	$13,049	$118,299

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	$1,567,886	$1,626,762	$4,051,552	$-58,876
2022	$1,481,113	$1,188,836	$4,246,480	$292,277
2021	$2,694,133	$1,910,482	$4,557,735	$783,651
2020	$2,681,317	$2,147,533	$3,782,077	$533,784
2019	$1,674,487	$1,482,979	$3,142,441	$191,508
2018	$1,429,142	$1,296,635	$2,725,233	$132,507