CLS Development Corporation (EIN 453181573) - 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

Robin Switzenbaum

Phone

2159813748

Tax Period

2018-01-01 to 2018-12-31

CLS Development Corporation, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $7.7M in total revenue in fiscal year 2018. The organization ran a surplus of $7.2M, a strong 94% operating margin.

Mission

Organized and operated exclusively for the purpose of holding title to a building and improvements, collecting income therefrom and distributing the net income to Community Legal Services, Inc.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,697

Other Revenue $7,693,669

TOTAL REVENUE $7,696,366

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,000

Other Expenses $332,241

TOTAL EXPENSES $482,241

Year-over-Year Comparison

	2018	2017	Change
Revenue	$7,696,366	$-92,275	-84.4%
Expenses	$482,241	$153,452	+2.1%
Net Income	$7,214,125	$-245,727	-30.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robin Switzenbaum	President	0.50	Officer Director	$0	$0	$0
Judy Berkman	Vice President	0.50	Officer Director	$0	$0	$0
Dina Schlossberg	Secretary	0.50	Officer Director	$0	$0	$0
Michael D LiPuma	Treasurer	0.50	Officer Director	$0	$0	$0
Walter Taggart	Assistant Secretary	0.50	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
2018	$7,696,366	$482,241	$5,838,789	$7,214,125

CLS Development Corporation