FOURTH STREET TOWERS INC (EIN 581723943) - 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

1974

Legal Domicile

Principal Officer

JOHNIE FLAKES III

Phone

7063210015

Tax Period

2022-07-01 to 2023-06-30

FOURTH STREET TOWERS INC, founded in 1974, is a micro nonprofit in the Religion sector that reported $26K in total revenue in fiscal year 2022.

Mission

HOUSING LOW-INCOME INDIVIDUALS

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $-26,136

TOTAL REVENUE $-26,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-26,136	$-24,803	+0.1%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-24,803	N/A

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
REV JH FLAKES IIII	BOARD CHAIR	10.00	Director	$0	$0	$0
MARY DOWDELL	TREASURER	5.00	Director	$0	$0	$0
HORACE RIVERS	MEMBER	2.00	Director	$0	$0	$0
ANTONIO LAWRENCE	MEMBER	2.00	Director	$0	$0	$0
WILLIAM JOHNSON	MEMBER	2.00	Director	$0	$0	$0
REVFREDRICLE SMALLS	MEMBER	2.00	Director	$0	$0	$0
CHESTER RANDOLF	MEMBER	2.00	Director	$0	$0	$0
HERMAN BARNES	MEMBER	2.00	Director	$0	$0	$0
KARL DOUGLAS	MEMBER	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$-26,136	No data	$1,327,609	No data
2022	$-24,803	No data	$1,397,274	No data
2021	$-38,620	No data	$1,394,807	No data
2020	$-98,501	No data	$1,456,201	No data
2019	$-107,884	No data	$1,524,313	No data

FOURTH STREET TOWERS INC