COTTONWOOD INC (EIN 480780431) - 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

1972

Legal Domicile

Principal Officer

COLLEEN HIMMELBERG

Phone

7858420550

Tax Period

2023-01-01 to 2023-12-31

COTTONWOOD INC, founded in 1972, is a mid-sized nonprofit that reported $17.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE OPPORTUNITIES FOR ADULTS WITH DISABILITIES

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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 $2,614,361

Program Service Revenue $14,058,094

Investment Income $478,584

Other Revenue $154,429

TOTAL REVENUE $17,305,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,760,170

Fundraising Expenses $190,978

Program Expenses $14,807,313

Other Expenses $5,578,206

TOTAL EXPENSES $17,338,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,305,468	$14,830,249	+0.2%
Expenses	$17,338,376	$15,662,502	+0.1%
Net Income	$-32,908	$-832,253	-1.0%

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

383

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

$351,359

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH EASTER	TRUSTEE	1.00	Director	$0	$0	$0
KIRSTEN FLORY	TRUSTEE	1.00	Director	$0	$0	$0
SHIRLEY MARTIN-SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JILL BAKER	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA BALLARD	TRUSTEE	1.00	Director	$0	$0	$0
MARILYN HECK	TRUSTEE	1.00	Director	$0	$0	$0
KERRY GLASGOW	TRUSTEE	1.00	Director	$0	$0	$0
JEFF SIGLER	TRUSTEE	1.00	Director	$0	$0	$0
PERRY BUCK	TRUSTEE	1.00	Director	$0	$0	$0
TOM MULINAZZI	TRUSTEE	1.00	Director	$0	$0	$0
MARY CARSON	TRUSTEE	1.00	Director	$0	$0	$0
DOUG ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DAY	TRUSTEE	1.00	Director	$0	$0	$0
GARY REXROAD	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL WERNER	TREASURER	1.00	Officer Director	$0	$0	$0
ZAK BOLICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANA BAKER	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY HEIMAN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES LOWE	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA WOOD	CFO	40.00	Officer	$132,883	$40,638	$173,521
COLLEEN HIMMELBERG	CEO	40.00	Officer	$162,098	$15,740	$177,838
DUANE TURNBULL	DIRECTOR OF WORK SERVICES	40.00	Highest	$109,105	$24,074	$133,179
KARA WALTERS	ADMINISTRATOR OF SERVICES	40.00	Highest	$126,354	$22,531	$148,885
HEATHER POORT	RESIDENTIAL DIRECTOR	45.00	Highest	$126,396	$24,930	$151,326
JARROD BROWN	RESIDENTIAL ON-CALL MANAGER	45.00	Highest	$105,128	$17,246	$122,374
NINA VAN SCHMUS	GOVERNMENT CONTRACTS MANAGER	45.00	Highest	$109,938	$18,872	$128,810

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$17,305,468	$17,338,376	$13,982,684	$-32,908
2022	$14,830,249	$15,662,502	$13,498,352	$-832,253
2021	$16,956,420	$15,668,336	$15,327,785	$1,288,084
2020	$14,852,771	$16,024,060	$15,892,742	$-1,171,289
2019	$18,312,856	$18,444,408	$14,657,281	$-131,552
2018	$19,939,341	$19,610,069	$14,790,843	$329,272

COTTONWOOD INC