CRESCENT CITIES CHARITIES INC (EIN 521815486) - 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

1993

Legal Domicile

Principal Officer

STEVEN G NOVAK

Phone

3015674671

Tax Period

2023-01-01 to 2023-12-31

CRESCENT CITIES CHARITIES INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $290K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 305% operating deficit.

Mission

TO PROVIDE EDUCATIONAL ASSISTANCE TO PROMISING STUDENTS WITH FINANCIAL NEED AND TO PROVIDE GRANTS AND PROGRAMS TO WORTHY CHARITIES AND COMMUNITY ORGANIZATIONS IN THE DMV REGION.

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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 $0

Investment Income $276,706

Other Revenue $13,110

TOTAL REVENUE $289,816

Expense Breakdown

Grants Paid $872,692

Salaries & Benefits $22,750

Fundraising Expenses $0

Program Expenses $1,000,028

Other Expenses $278,757

TOTAL EXPENSES $1,174,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,816	$680,149	-0.6%
Expenses	$1,174,199	$1,416,781	-0.2%
Net Income	$-884,383	$-736,632	+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

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

$240,042

Total Directors

$240,042

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN NOVAK	PRESIDENT	12.00	Officer Director	$4,550	$0	$113,692
PAUL BAIERS JR	SECRETARY	30.00	Officer Director	$64,550	$0	$94,800
RICHARD LAWSON	TREASURER	12.00	Officer Director	$12,700	$0	$15,950
ROBERT POE	CHAIRMAN	9.00	Officer Director	$4,550	$0	$7,800
JOSEPH HARRIS	VICE-PRESIDENT	9.00	Officer Director	$4,550	$0	$7,800

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
2023	$289,816	$1,174,199	$8,801,541	$-884,383
2022	$680,149	$1,416,781	$8,594,773	$-736,632
2021	$849,577	$1,350,844	$11,113,628	$-501,267
2020	$-11,918	$904,804	$10,736,151	$-916,722

CRESCENT CITIES CHARITIES INC