CARR SQUARE TENANT CORPORATION (EIN 430995688) - 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

1972

Legal Domicile

Principal Officer

MANUAL SHERROD

Phone

3145881700

Tax Period

2023-10-01 to 2024-09-30

CARR SQUARE TENANT CORPORATION, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

PROVIDE RESIDENTIAL MANAGEMENT SERVICES TO LOW-INCOME TENANTS

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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 $275,853

Program Service Revenue $0

Investment Income $814

Other Revenue $1,315,875

TOTAL REVENUE $1,592,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $493,353

Fundraising Expenses $0

Program Expenses $1,009,635

Other Expenses $1,114,937

TOTAL EXPENSES $1,608,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,592,542	$1,242,622	+0.3%
Expenses	$1,608,290	$1,755,394	-0.1%
Net Income	$-15,748	$-512,772	-1.0%

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
CYNTHIA JOHNSON	BOARD MEMBER	001.00	Officer Director	$0	$0	$0
TOSHIA DAWSON	BOARD PRESIDENT	002.00	Director	$0	$0	$0
MINNIE WHITE	BOARD MEMBER	002.00	Director	$0	$0	$0
MANUEL SHERROD	BOARD PRESIDENT	003.00	Officer Director	$0	$0	$0
RODNEY HUBBARD	RESIDENT MANAGER	050.00	Key Emp Highest	$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	$1,592,542	$1,608,290	$3,087,813	$-15,748
2023	$1,242,622	$1,755,394	$3,116,979	$-512,772
2022	$1,337,497	$1,623,349	$2,504,465	$-285,852
2021	$915,989	$1,511,536	$3,061,842	$-595,547
2020	$1,262,069	$1,999,606	$3,519,634	$-737,537
2019	$1,475,344	$2,041,883	$3,805,740	$-566,539
2018	$773,653	$1,498,921	$4,202,624	$-725,268

CARR SQUARE TENANT CORPORATION