JOSEPH ALBERT CLAPP MEMORIAL FUND UNITRU (EIN 597176807) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

REGIONS BANK TRUSTEE

Phone

2058203141

Tax Period

2024-04-01 to 2025-03-31

JOSEPH ALBERT CLAPP MEMORIAL FUND, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $63K in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE TRUST DISTRIBUTES THE ENTIRE NET INCOME OF THE TRUST TO PEACE MEMORIAL CHURCH. THIS CONTRIBUTION FULLY FINANCES A CHURCH MINISTRY OF SERVICES TO BENEFIT NEEDY AND DESERVING YOUNG PEOPLE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $86,976

Other Revenue $0

TOTAL REVENUE $86,976

Expense Breakdown

Grants Paid $68,771

Salaries & Benefits $18,381

Fundraising Expenses $0

Program Expenses $72,447

Other Expenses $1,734

TOTAL EXPENSES $88,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,976	$51,556	+0.7%
Expenses	$88,886	$90,216	0.0%
Net Income	$-1,910	$-38,660	-1.0%

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

N/A

Independent Members

N/A

Employees

N/A

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
N/A	TRUSTEE	N/A		$18,381	$0	$18,381

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
2025	$86,976	$88,886	$1,234,619	$-1,910
2024	$51,556	$90,216	$1,236,506	$-38,660
2023	$39,568	$43,262	$1,275,167	$-3,694
2022	$286,144	$153,331	$1,279,742	$132,813
2021	$55,021	$88,761	$1,147,466	$-33,740
2020	$28,199	$92,058	$1,181,399	$-63,859
2019	$63,497	$90,456	$1,245,631	$-26,959

JOSEPH ALBERT CLAPP MEMORIAL FUND UNITRU