CANTON PROPERTIES INC (EIN 752809679) - 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

1999

Legal Domicile

Principal Officer

ROBBIE WITTNER KITCHEN

Phone

9729800945

Tax Period

2024-10-01 to 2025-09-30

CANTON PROPERTIES INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $935K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $735K, a strong 79% operating margin.

Mission

TO DEVELOP AND/OR REHABILITATE OR ACQUIRE HOUSING FOR LOW AND VERY-LOW INCOME INDIVIDUALS. ORGANIZATION IS DEDICATED TO CREATING AN ENVIRONMENT OF SAFETY AND DECENCY IN AREAS AND COMMUNITIES WHERE THERE IS A CONCENTRATION OF LOW AND VERY-LOW INCOME INDIVIDUALS AND FAMILIES WHO NEED A SAFE, AFFORDABLE DOMINION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $934,807

Other Revenue $0

TOTAL REVENUE $934,807

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,000

Other Expenses $0

TOTAL EXPENSES $200,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$934,807	$1,097,111	-0.1%
Expenses	$200,000	$2,022,632	-0.9%
Net Income	$734,807	$-925,521	-1.8%

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

$192,298

Total Directors

$172,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBBIE L WITTNER	CHAIRMAN, COO, SECRETARY	2.00	Officer Director	$0	$37,924	$37,924
DOUG LEE	DIRECTOR	0.10	Director	$0	$0	$0
LLOYD KITCHEN III	PRESIDENT	2.00	Officer Director	$0	$0	$134,167
ERNEST GARCIA	DIRECTOR	0.10	Director	$0	$0	$0
LLOYD KITCHEN	EXECUTIVE VICE PRESIDENT	2.00	Officer	$0	$20,207	$20,207

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	$934,807	$200,000	$21,558,799	$734,807
2024	$1,097,111	$2,022,632	$20,844,832	$-925,521
2023	$28,737,226	$2,475,126	$21,778,809	$26,262,100
2022	$2,672,390	$2,712,189	$7,418,846	$-39,799
2021	$2,594,006	$2,639,257	$7,632,733	$-45,251
2020	$2,554,134	$2,719,237	$7,840,214	$-165,103
2019	$2,310,295	$2,750,166	$8,185,037	$-439,871
2018	$2,189,303	$2,082,733	$8,473,592	$106,570

CANTON PROPERTIES INC