CIVIC BROAD STREET CORPORATION

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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

2013

Legal Domicile

Principal Officer

DAVID UMANSKY

Phone

2125717260

Tax Period

2020-12-31 to 2021-05-11

CIVIC BROAD STREET CORPORATION, founded in 2013, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2020. Revenue surged 627% from the prior year, signaling strong growth momentum. Expenses of $5.4M left a modest 4% surplus.

Mission

TO ASSIST NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY HOLDING TITLE TO PROPERTY WHICH WILL BE DEVELOPED AS NEW CHARTER SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $5,373,713 Revenue: $5,570,438

THE CORPORATION WAS FORMED FOR THE PURPOSE OF ASSISTING NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY CONSTRUCTING A NEW CHARTER SCHOOL.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $143,088

Investment Income $0

Other Revenue $5,427,350

TOTAL REVENUE $5,570,438

Expense Breakdown

Grants Paid $5,608

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,373,713

Other Expenses $5,368,105

TOTAL EXPENSES $5,373,713

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,570,438	$766,728	+6.3%
Expenses	$5,373,713	$1,015,367	+4.3%
Net Income	$196,725	$-248,639	-1.8%

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
DAVID UMANSKY	PRESIDENT	1.00	Officer	$0	$0	$0
FRANK BUCCOLA	SECRETARY & TREASURER	1.00	Officer	$0	$0	$0
JEREMY CHIAPPETTA	VICE PRESIDENT	1.00	Officer	$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
2021	$5,570,438	$5,373,713	No data	$196,725
2020	$766,728	$1,015,367	$14,218,390	$-248,639
2019	$744,081	$1,087,896	$14,210,832	$-343,815
2018	$722,274	$986,060	$14,336,847	$-263,786