CORPUS CHRISTI FINANCE CORPORATION (EIN 742791815) - 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

1996

Legal Domicile

Principal Officer

GARY ALLSUP

Phone

3618893349

Tax Period

2022-10-01 to 2023-09-30

CORPUS CHRISTI FINANCE CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $105K in total revenue in fiscal year 2022. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $203K exceeded revenue, resulting in a 94% operating deficit.

Mission

THE CORPUS CHRISTI FINANCE CORPORATION PROVIDES ASSISTANCE TO ENTITIES RELATED TO THE HOUSING AUTHORITY OF THE CITY OF CORPUS CHRISTI IN ITS EFFORTS TO CREATE AND OPERATE HOUSING FOR LOW-INCOME FAMILIES.

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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 $68,966

Other Revenue $35,951

TOTAL REVENUE $104,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,440

Fundraising Expenses $0

Program Expenses $175,689

Other Expenses $38,868

TOTAL EXPENSES $203,308

Year-over-Year Comparison

	2022	2021	Change
Revenue	$104,917	$81,253	+0.3%
Expenses	$203,308	$219,661	-0.1%
Net Income	$-98,391	$-138,408	-0.3%

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

Governance

Voting Members

Independent Members

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

$488,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY MEHNE	CHAIR	1.00	Director	$0	$0	$0
CURTIS CLARK	VICE CHAIR	1.00	Director	$0	$0	$0
RICHARD BALLI	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIAN TIETJE	BOARD MEMBER	1.00	Director	$0	$0	$0
HILDA DALSONSO	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY ALLSUP	PRESIDENT & CEO	2.00	Officer	$0	$0	$488,123

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
2023	$104,917	$203,308	$6,630,159	$-98,391
2022	$81,253	$219,661	$4,250,272	$-138,408
2021	$125,642	$369,143	$5,434,775	$-243,501
2020	$178,213	$195,348	$5,544,678	$-17,135
2019	$303,358	$91,870	$5,208,334	$211,488
2018	$142,015	$94,702	$5,100,130	$47,313

CORPUS CHRISTI FINANCE CORPORATION