HISTORIC SOUTH INITIATIVE (EIN 471691856) - 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

2014

Legal Domicile

Principal Officer

CHRISTOPHER J AMATO

Phone

4198100070

Tax Period

2023-01-01 to 2023-12-31

HISTORIC SOUTH INITIATIVE, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 11% surplus.

Mission

TO DEVELOP AND IMPLEMENT A COMPREHENSIVE APPROACH TO INNER-CITY NEIGHBORHOOD REVITILIZATION BY PROMOTING THE ADVANCEMENT OF HUMAN POTENTIAL THROUGH IMPROVED HOUSING, BETTER EDUCATION, HEALTH INITIATIVE, EMPLOYMENT OPPORTUNITIES AND FAMILY LIFE.

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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 $3,191,294

Program Service Revenue $0

Investment Income $18,319

Other Revenue $231,996

TOTAL REVENUE $3,441,609

Expense Breakdown

Grants Paid $232,090

Salaries & Benefits $273,120

Fundraising Expenses $64,908

Program Expenses $2,862,473

Other Expenses $2,544,737

TOTAL EXPENSES $3,049,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,441,609	$2,301,714	+0.5%
Expenses	$3,049,947	$2,025,588	+0.5%
Net Income	$391,662	$276,126	+0.4%

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

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY HALL	DIRECTOR	2.00	Officer Director	$0	$0	$0
JUAN FRANCISCO MOLINA	DIRECTOR	2.00	Director	$0	$0	$0
HUSSIEN SHOUSHER	DIRECTOR	2.00	Director	$0	$0	$0
CARL WAGNER	DIRECTOR	2.00	Director	$0	$0	$0
PAUL TOTH	DIRECTOR	2.00	Director	$0	$0	$0
CELESTE TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
MARY PILCHER	DIRECTOR	2.00	Director	$0	$0	$0
ANNE RUCH	DIRECTOR	2.00	Director	$0	$0	$0
JIM BINGLE	DIRECTOR	2.00	Director	$0	$0	$0
BRET CLARK	DIRECTOR	2.00	Director	$0	$0	$0
MATT ASTON	DIRECTOR	2.00	Director	$0	$0	$0
DICK TORCHIA	DIRECTOR	2.00	Director	$0	$0	$0
EILEEN RIPSIN	DIRECTOR	2.00	Director	$0	$0	$0
SIDNEY WILIAMS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER J AMATO	DIRECTOR	60.00	Officer	$120,000	$0	$120,000

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	$3,441,609	$3,049,947	$2,024,263	$391,662
2022	$2,301,714	$2,025,588	$1,419,667	$276,126
2021	$1,475,675	$1,199,425	$1,158,362	$276,250
2020	$1,266,606	$1,245,937	$856,961	$20,669
2019	$835,547	$843,447	$842,544	$-7,900
2018	$761,703	$910,055	$871,706	$-148,352

HISTORIC SOUTH INITIATIVE