CHATTANOOGA WOODWORKING ACADEMY INC (EIN 800153945) - 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

2013

Legal Domicile

Principal Officer

William Carney

Phone

4238421469

Tax Period

2022-01-01 to 2022-12-31

CHATTANOOGA WOODWORKING ACADEMY INC, founded in 2013, is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $9K, a strong 38% operating margin.

Mission

To establish and preserve the historical craft of woodworking. Provide training to another generation of craftsmen by teaching both the technical aspects as well as identification and reclaiming wood products.

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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 $23,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,339

Other Expenses $14,339

TOTAL EXPENSES $14,339

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,000	$25,000	-0.1%
Expenses	$14,339	$34,479	-0.6%
Net Income	$8,661	$-9,479	-1.9%

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
William E Carney	Director	25	Director	$0	$0	$0
Martha Carney	Secretary	10	Officer	$0	$0	$0
William Z Carney	Board Member	1	Officer	$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
2022	$23,000	$14,339	$16,108	$8,661
2021	$25,000	$34,479	$20,384	$-9,479
2020	$57,445	$57,883	$21,181	$-438

CHATTANOOGA WOODWORKING ACADEMY INC