CENTER FOR INDEPENDENT THOUGHT (EIN 520945376) - 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

1990

Legal Domicile

Principal Officer

ROBERT J SCHIMENZ

Phone

5167313047

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR INDEPENDENT THOUGHT, founded in 1990, is a community nonprofit in the Social Science sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $768K, a strong 24% operating margin.

Mission

CIT SEEKS TO EXPAND AWARENESS OF INDIVIDUAL LIBERTY, FREE MARKETS AND PEACE.

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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 $3,068,313

Program Service Revenue $0

Investment Income $168,127

Other Revenue $0

TOTAL REVENUE $3,236,440

Expense Breakdown

Grants Paid $420,500

Salaries & Benefits $509,570

Fundraising Expenses $93,947

Program Expenses $2,222,764

Other Expenses $1,537,940

TOTAL EXPENSES $2,468,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,236,440	$2,865,388	+0.1%
Expenses	$2,468,010	$2,136,743	+0.2%
Net Income	$768,430	$728,645	+0.1%

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

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

$93,040

Total Directors

$93,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD RICH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID BOAZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN STOSSEL	DIRECTOR	1.00	Director	$0	$0	$0
ANITA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHIMENZ	PRESIDENT	40.00	Officer Director	$93,040	$0	$93,040

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	$3,236,440	$2,468,010	$6,038,576	$768,430
2022	$2,865,388	$2,136,743	$5,246,017	$728,645
2021	$3,704,042	$1,798,233	$4,717,813	$1,905,809
2020	$1,722,211	$1,122,614	$2,830,985	$599,597
2019	$2,060,846	$559,993	$2,203,559	$1,500,853
2018	$776,703	$446,741	$700,778	$329,962
2017	$211,892	$370,819	$360,087	$-158,927

CENTER FOR INDEPENDENT THOUGHT