CORETTA SCOTT KING HDFC (EIN 451534613) - 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

2011

Legal Domicile

Principal Officer

KIERAN HARRINGTON

Phone

7183663800

Tax Period

2023-01-01 to 2023-12-31

CORETTA SCOTT KING HDFC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $888K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 34% operating deficit.

Mission

CORETTA SCOTT KING WAS FORMED FOR THE PURPOSE OF DEVELOPING AND OPERATING A FEDERAL GOVERNMENT SUBSIDIZED HOUSING PROJECT.

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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 $688,369

Program Service Revenue $192,244

Investment Income $7,460

Other Revenue $197

TOTAL REVENUE $888,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,044,420

Other Expenses $1,192,103

TOTAL EXPENSES $1,192,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$888,270	$899,186	0.0%
Expenses	$1,192,103	$1,183,207	+0.0%
Net Income	$-303,833	$-284,021	+0.1%

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

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

$1,119,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA WADE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELAINE JONES	SECRETARY	1.00	Officer Director	$0	$0	$0
DENNIS TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA DANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT SHORT	CEO	1.00	Officer	$0	$86,191	$656,956
EMILY KURTZ	ASSISTANT SECRETARY	1.00	Officer	$0	$66,444	$301,091
VISHAL CHAWLA	CFO	1.00	Officer	$0	$614	$25,614
JENNIFER NGUYEN	CFO THRU NOVEMBER 2023	1.00	Officer	$0	$11,332	$135,571

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	$888,270	$1,192,103	$12,247,123	$-303,833
2022	$899,186	$1,183,207	$12,443,887	$-284,021
2021	$837,794	$1,145,715	$12,586,789	$-307,921
2020	$804,042	$1,039,690	$12,790,556	$-235,648
2019	$806,332	$1,228,040	$12,992,973	$-421,708
2018	$709,395	$980,563	$13,283,847	$-271,168

CORETTA SCOTT KING HDFC