CORTEX SUPPORT CORPORATION (EIN 812147807) - 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

2016

Legal Domicile

Principal Officer

SALVATORE FIORELLO

Phone

3145314500

Tax Period

2023-01-01 to 2023-12-31

CORTEX SUPPORT CORPORATION, founded in 2016, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $5.5M exceeded revenue, resulting in a 2570% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED AS A SUPPORTING ORGANIZATION AND OPERATED FOR THE BENEFIT OF CORTEX.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $206,964

Other Revenue $0

TOTAL REVENUE $206,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,526,565

Other Expenses $5,526,565

TOTAL EXPENSES $5,526,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,964	$416,241	-0.5%
Expenses	$5,526,565	$257,001	+20.5%
Net Income	$-5,319,601	$159,240	-34.4%

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

$504,655

Total Directors

$504,655

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CANNON	DIRECTOR	2.00	Director	$0	$0	$0
JUNE M FOWLER	DIRECTOR	2.00	Director	$0	$0	$0
SAM FIORELLO	PRESIDENT/SECRETARY	2.00	Officer Director	$0	$48,155	$504,655

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
2023	$206,964	$5,526,565	No data	$-5,319,601
2022	$416,241	$257,001	$11,892,600	$159,240
2021	$416,241	$188,758	$11,892,600	$227,483
2020	$416,241	$240,537	$11,892,600	$175,704
2019	$416,241	$360,125	$11,892,600	$56,116
2018	$416,241	$317,935	$11,892,600	$98,306

CORTEX SUPPORT CORPORATION