COLA Resources Inc (EIN 800875539) - 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

2012

Legal Domicile

Principal Officer

James E Liggins

Tax Period

2021-07-01 to 2022-06-30

COLA Resources Inc, founded in 2012, is a small nonprofit that reported $171K in total revenue in fiscal year 2021. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 130% operating deficit.

Mission

To provided educational and consulting services to improve laboratory medicine and patient care.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $311,904

Investment Income $-59,114

Other Revenue $-81,610

TOTAL REVENUE $171,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,831

Fundraising Expenses $0

Program Expenses $393,513

Other Expenses $75,682

TOTAL EXPENSES $393,513

Year-over-Year Comparison

	2021	2020	Change
Revenue	$171,180	$534,657	-0.7%
Expenses	$393,513	$752,179	-0.5%
Net Income	$-222,333	$-217,522	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barry Craig	Director	0.00	Director	$0	$0	$0
Jeanne Mumford	Director Board Secretary	0.00	Director	$0	$0	$0
James E Liggins	CEO and Chairman og the Board	60.00	Officer Director Key Emp	$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	$171,180	$393,513	No data	$-222,333
2021	$534,657	$752,179	$297,603	$-217,522
2020	$687,437	$849,562	$373,083	$-162,125
2019	$1,084,011	$1,333,246	$1,191,048	$-249,235
2018	$1,319,161	$1,213,359	$1,061,896	$105,802

COLA Resources Inc