CIFC 120 MAIN HOLDING CORP (EIN 453734329) - 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

Katherine Curran

Phone

2037439760

Tax Period

2023-01-01 to 2023-12-31

CIFC 120 MAIN HOLDING CORP, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $370K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $555K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO HOLD TITLE TO PROPERTY, COLLECT INCOME FROM SAID PROPERTY AND THEN TURN THE ENTIRE AMOUNT OF INCOME, LESS EXPENSES, OVER TO CONNECTICUT INSTITUTE FOR COMMUNITIES, INC., AN ORGANIZATION RECOGNIZED AS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(A).

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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 $370,177

Investment Income $0

Other Revenue $0

TOTAL REVENUE $370,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $555,127

TOTAL EXPENSES $555,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,177	$180,007	+1.1%
Expenses	$555,127	$413,741	+0.3%
Net Income	$-184,950	$-233,734	-0.2%

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

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

$372,129

Total Directors

$196,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Curran	Board Chair	1.00	Officer Director	$0	$6,683	$196,105
Holly Sekiguchi	Asst. Secretary	1.00	Officer	$0	$3,977	$105,540
Sabrina Ross	Asst. Secretary	1.00	Officer	$0	$12,667	$70,484
Dr Francis Muska PHD	Treasurer	1.00	Officer Director	$0	$0	$0
James H Maloney	President & CEO	1.00	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
2024	No data	No data	No data	No data
2023	$370,177	$555,127	$18,234,232	$-184,950
2022	$180,007	$413,741	$18,356,621	$-233,734
2021	$180,024	$503,349	$12,849,518	$-323,325
2020	$180,237	$504,735	$13,131,195	$-324,498
2019	$181,815	$504,793	$13,429,592	$-322,978
2018	$182,969	$505,821	$13,768,483	$-322,852

CIFC 120 MAIN HOLDING CORP