CORRECTIONAL ALTERNATIVES INC

EIN: 621542790 501(c)(3) Human Services

MEMPHIS, TN

Total Revenue
$1,000,995
Total Expenses
$1,068,969
Total Assets
$450,404
Net Assets
$35,525
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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
1993
Legal Domicile
TN
Principal Officer
TRACI MATTHEWS
Phone
9014527449
Tax Period
2024-07-01 to 2025-06-30

CORRECTIONAL ALTERNATIVES INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024.

Mission

IMPLEMENTATION OF AN ALTERNATIVE PUNISHMENT PROGRAM FOR NONVIOLENT CRIMINAL OFFENDERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $984,335
Program Service Revenue $16,660
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,000,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $623,133
Fundraising Expenses $0
Program Expenses $798,241
Other Expenses $445,836
TOTAL EXPENSES $1,068,969

Year-over-Year Comparison

2024 2023 Change
Revenue $1,000,995 $1,052,207 0.0%
Expenses $1,068,969 $1,062,970 +0.0%
Net Income $-67,974 $-10,763 +5.3%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
12
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
2
$176,477
Total Directors
2
$176,477
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLEEN MCALLISTER SECRETARY/TREASURER 40.00
Officer Director
$84,360 $4,590 $88,950
TRACI MATHEWS PRESIDENT 40.00
Officer Director
$83,587 $3,940 $87,527
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 $1,000,995 $1,068,969 $450,404 $-67,974
2024 $1,052,207 $1,062,970 $592,456 $-10,763
2023 $899,803 $910,390 $569,636 $-10,587
2022 $1,043,548 $933,665 $189,855 $109,883
2021 $877,419 $877,152 $208,002 $267
2020 $843,047 $840,893 $239,595 $2,154
2019 $812,167 $836,723 $136,626 $-24,556
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