CLIMB Fund (EIN 570707663) - 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

1979

Legal Domicile

Principal Officer

Cynthia Rourk

Phone

8439737298

Tax Period

2022-10-01 to 2023-09-30

CLIMB Fund, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2022. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 60% operating margin.

Mission

The purpose of the corporation is to further economic development to promote and assist in the growth and development of business concerns and to engage in those activities which are in furtherance of or related to those purposes

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,407,752

Program Service Revenue $1,316,604

Investment Income $413,330

Other Revenue $0

TOTAL REVENUE $5,137,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,370,445

Fundraising Expenses $0

Program Expenses $1,705,067

Other Expenses $692,426

TOTAL EXPENSES $2,062,871

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,137,686	$3,082,260	+0.7%
Expenses	$2,062,871	$1,767,939	+0.2%
Net Income	$3,074,815	$1,314,321	+1.3%

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

$188,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Rourk	CEO	40.00	Officer	$163,253	$25,147	$188,400
Richad Yonce	Past President	5.00	Director	$0	$0	$0
David Harper	Director	5.00	Director	$0	$0	$0
Jamilla Harper	Director	5.00	Director	$0	$0	$0
Yvonne D Evans	Past Secretary	5.00	Director	$0	$0	$0
Carol Jackson	Director	5.00	Director	$0	$0	$0
Stephanie Pritchett	Director	5.00	Director	$0	$0	$0
Clay Middleton	Director	5.00	Officer	$0	$0	$0
Kerri Chisholm	Vice President	5.00	Officer	$0	$0	$0
Casdell E Singleton	Vice President	5.00	Officer	$0	$0	$0
Grant A McAnulty	President	5.00	Officer	$0	$0	$0
Bryan Mcneal Jr	Asst Secretary	5.00	Officer	$0	$0	$0
William Thompson Jr	Secretary	5.00	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
2024	No data	No data	No data	No data
2023	$5,137,686	$2,062,871	$35,516,078	$3,074,815
2022	$3,082,260	$1,767,939	$29,703,235	$1,314,321
2021	$3,819,413	$1,117,680	$28,483,157	$2,701,733
2020	$1,962,961	$1,176,022	$25,015,035	$786,939
2019	$1,817,594	$11,101,558	$23,942,089	$-9,283,964

CLIMB Fund