CERAMIC TILE EDUCATION FOUNDATION … - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

SCOTT CAROTHERS

Phone

8642222131

Tax Period

2024-01-01 to 2024-12-31

CERAMIC TILE EDUCATION FOUNDATION INC, founded in 1996, is a small nonprofit in the Employment sector that reported $662K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $585K left a modest 12% surplus.

Mission

TO EDUCATE AND TRAIN ALL INTERESTED INDIVIDUALS IN THE PROPER METHODS OF INSTALLING CERAMIC TILE

Program Service Accomplishments

Program 1

Expenses: $428,481 Revenue: $156,686

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO EDUCATE AND TRAIN ALL INTERESTED INDIVIDUALS IN THE PROPER METHODS OF INSTALLING CERAMIC TILE

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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 (2024)

Revenue Breakdown

Contributions & Grants $505,015

Program Service Revenue $156,686

Investment Income $7

Other Revenue $0

TOTAL REVENUE $661,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,944

Fundraising Expenses $0

Program Expenses $428,481

Other Expenses $414,236

TOTAL EXPENSES $585,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$661,708	$703,528	-0.1%
Expenses	$585,180	$601,650	0.0%
Net Income	$76,528	$101,878	-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

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

$161,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT CAROTHERS	CTI DIRECTOR	40.00	Officer	$70,000	$12,064	$82,064
CATHEY MCALISTER	CFO	40.00	Officer	$56,650	$22,458	$79,108
ANDY ACKER	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIN ALBRECHT	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIC ASTRACHAN	SECRETARY	N/A	Officer Director	$0	$0	$0
BART BETTIGA	TREASURER	N/A	Officer Director	$0	$0	$0
SAM BRUCE	BOARD MEMBER	N/A	Director	$0	$0	$0
DARIN COMPTON	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN FISHER	BOARD MEMBER	N/A	Director	$0	$0	$0
ELENA GRANT	BOARD MEMBER	N/A	Director	$0	$0	$0
DONATO GROSSER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSEPH MATTICE	BOARD MEMBER	N/A	Director	$0	$0	$0
SIMONE RICCI	BOARD MEMBER	N/A	Director	$0	$0	$0
ELENA ROMANI	BOARD MEMBER	N/A	Director	$0	$0	$0
HEATHER RUHL	BOARD MEMBER	N/A	Director	$0	$0	$0
WOODY SANDERS	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK SHANNON	PRESIDENT	N/A	Officer Director	$0	$0	$0
HAROLD YARBOROUGH	BOARD MEMBER	N/A	Director	$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	$661,708	$585,180	$440,775	$76,528
2023	$703,528	$601,650	$340,985	$101,878
2022	$538,857	$503,156	$259,451	$35,701
2021	$430,980	$380,484	$249,429	$50,496
2021	$409,980	$380,484	$227,935	$29,496
2020	$404,134	$402,348	$263,912	$1,786
2020	$403,640	$402,348	$263,418	$1,292
2019	$494,369	$550,266	$72,866	$-55,897
2018	$499,824	$522,151	$90,496	$-22,327

CERAMIC TILE EDUCATION FOUNDATION INC