NEW OPERATION COOPER STREET INC

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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

1992

Legal Domicile

Principal Officer

DAVID KLEIN

Phone

9416393034

Tax Period

2020-10-01 to 2021-09-30

NEW OPERATION COOPER STREET INC, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $135K in total revenue in fiscal year 2020.

Mission

OUR MISSION IS TO ASSIST IN THE DEVELOPMENT OF OUR YOUTH BY PROVIDING VALUABLE AND LASTING TOOLS TO ENCOURAGE MOTIVATION, PRIDE AND DESIRE TO SUCCEED.

Program Service Accomplishments

Program 1

Expenses: $127,699

NEW OPERTAION COOPER STREET, INC. IS A COMMUNITY BASED CENTER WHOSE FUNCTION IS PRIMARILY THREEFOLD: EDUCATIONAL SUPPORT, CULTURAL STIMULATION; AND RECREATIONAL CHALLENGE. OUR MISSION IS TO ASSIST IN THE DEVELOPMENT OF CHILDREN AGES 4 THROUGH 18, AND TO INSTILL VALUABLE AND LASTING ASSETS TO INCLUDE PRIDE, MOTIVATION, AND A DESIRE TO SUCCEED. WE DEMONSTRATE OUR CONCERN BY THE PROGRAMS OFFERED AND OUR CONTINUOUS EFFORT TO MEET THE NEEDS OF EVERY STUDENT IN OUR COMMUNITY AND CHARLOTTE COUNTY. COOPER STREET IS RECOGNIZED BY THE CHARLOTTE COUNTY SCHOOL BOARD, IS RECOMMENDED TO PARENTS BY TEACHERS, AND IS A SAFE ENVIRONMENT (DRUG-FREE AND MONITORED). MANY PARENTS DEPEND ON THE CENTER TO OFFER A SAFE, AFFORDABLE, FUN PLACE TO LEAVE THEIR CHILDREN WHILE THEY ARE AT WORK.

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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 (2020)

Revenue Breakdown

Contributions & Grants $125,060

Program Service Revenue $9,714

Investment Income $0

Other Revenue $529

TOTAL REVENUE $135,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,019

Fundraising Expenses $0

Program Expenses $141,957

Other Expenses $136,138

TOTAL EXPENSES $143,157

Year-over-Year Comparison

	2020	2019	Change
Revenue	$135,303	$133,408	+0.0%
Expenses	$143,157	$142,874	+0.0%
Net Income	$-7,854	$-9,466	-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

N/A

Volunteers

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
MARTHA BIREDA	DIRECTOR	N/A	Director	$0	$0	$0
JAHA CUMMINGS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PAUL CURTIS	DIRECTOR	N/A	Director	$0	$0	$0
MORRISSA DEACON	DIRECTOR	N/A	Director	$0	$0	$0
ROBIN JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
DAVID KLEIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
CLEO PRESLEY	DIRECTOR	N/A	Director	$0	$0	$0
JACKIE REED	DIRECTOR	N/A	Director	$0	$0	$0
REGINALD REED	DIRECTOR	N/A	Director	$0	$0	$0
THADDEUS SPIKES	DIRECTOR	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
2021	$135,303	$143,157	$103,756	$-7,854
2020	$133,408	$142,874	$111,609	$-9,466
2019	$150,096	$163,201	$121,429	$-13,105
2018	$137,523	$143,413	$134,534	$-5,890