CATHEDRAL TOWERS INC (EIN 581296836) - 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

1977

Legal Domicile

Principal Officer

RAY HILL

Phone

4042313020

Tax Period

2023-01-01 to 2023-12-31

CATHEDRAL TOWERS INC, founded in 1977, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 8% surplus.

Mission

PROVIDE LOW INCOME HOUSING TO THE ELDERLY

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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 $2,732,706

Program Service Revenue $1,107,561

Investment Income $214,107

Other Revenue $45,000

TOTAL REVENUE $4,099,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,317,381

Fundraising Expenses $0

Program Expenses $2,989,668

Other Expenses $2,436,456

TOTAL EXPENSES $3,753,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,099,374	$3,753,799	+0.1%
Expenses	$3,753,837	$3,190,776	+0.2%
Net Income	$345,537	$563,023	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE BREWER	TREASURER	2.00	Officer Director	$0	$0	$0
REV GEORGE M MAXWELL JR	DEAN'S REPRESENTATIVE	1.00	Director	$0	$0	$0
RAY HILL	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN TROUTMAN	DIRECTOR	0.30	Director	$0	$0	$0
VERY REV SAM CANDLER	DIRECTOR	0.30	Director	$0	$0	$0
ANDREA PERRY BLOCK	SECRETARY	0.30	Officer Director	$0	$0	$0
BRYAN KIBLER	DIRECTOR	0.30	Director	$0	$0	$0
DOUG HALL	DIRECTOR	0.30	Director	$0	$0	$0
MELODY PALMORE	DIRECTOR	0.30	Director	$0	$0	$0
JIA JORDAN	EXECUTIVE DIRECTOR	40.00	Highest	$135,489	$39,477	$174,966

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	$4,099,374	$3,753,837	$7,752,507	$345,537
2022	$3,753,799	$3,190,776	$7,452,716	$563,023
2021	$3,086,629	$2,704,372	$7,213,623	$382,257
2020	$2,814,629	$2,390,368	$6,794,615	$424,261
2019	$3,075,353	$2,443,456	$6,309,928	$631,897
2018	$2,681,220	$2,514,780	$5,519,928	$166,440

CATHEDRAL TOWERS INC