CATHEDRAL DISTRICT-JAX INC (EIN 813283354) - 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

VIRGINIA MYRICK

Phone

9045368022

Tax Period

2024-01-01 to 2024-12-31

CATHEDRAL DISTRICT-JAX INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $166K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $236K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO GUIDE THE REDEVELOPMENT OF THE 36 BLOCK HISTORIC CATHEDRAL DISTRICT OF DOWNTOWN JACKSONVILLE.

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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 $132,532

Program Service Revenue $27,500

Investment Income $5,762

Other Revenue $0

TOTAL REVENUE $165,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,890

Fundraising Expenses $0

Program Expenses $219,190

Other Expenses $135,091

TOTAL EXPENSES $235,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,794	$262,616	-0.4%
Expenses	$235,981	$187,040	+0.3%
Net Income	$-70,187	$75,576	-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

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

$93,675

Total Directors

$93,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA MYRICK	CEO/PRESIDEN	40.00	Officer Director	$93,675	$0	$93,675
SYDNEY A GERVIN III	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KATHERINE B MOOREHEAD CARROLL	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY C SPENCE	TREASURER	1.00	Officer Director	$0	$0	$0
TAMARA BAKER	COMM DEVLPMN	1.00	Officer Director	$0	$0	$0
PETER E KAPLAN	SEC R/E DEVL	1.00	Officer Director	$0	$0	$0
FR VINCENT HAUT	SECRETARY	1.00	Officer Director	$0	$0	$0
HENRY HANK M COXE	TREASURER	1.00	Officer Director	$0	$0	$0
TED P PAPPAS	MEMBER	1.00	Director	$0	$0	$0
DR LEMORRIS PRIER	MEMBER	1.00	Director	$0	$0	$0
FR KURT H DUNKEL	MEMBER	1.00	Director	$0	$0	$0
TRIPP GULLIFORD	MEMBER	1.00	Director	$0	$0	$0
BEN HAKIMIAN	MEMBER	1.00	Director	$0	$0	$0
RICK STEIN	MEMBER	1.00	Director	$0	$0	$0
MATT BROCKELMAN	MEMBER	1.00	Director	$0	$0	$0
JOHN HENDERLITE	MEMBER	1.00	Director	$0	$0	$0
ELYSE GUSTAFSON	MEMBER	1.00	Director	$0	$0	$0
CANTRECE JONES	MEMBER	1.00	Director	$0	$0	$0
ALLAN IOSUE	MEMBER	1.00	Director	$0	$0	$0
TIM HOAL	MEMBER	1.00	Director	$0	$0	$0
SHANE WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
T R HAINLINE	MEMBER	1.00	Director	$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
2024	$165,794	$235,981	$220,768	$-70,187
2023	$262,616	$187,040	$264,361	$75,576
2022	$215,414	$235,947	$192,379	$-20,533
2021	$291,464	$419,990	$227,305	$-128,526
2020	$137,237	$329,244	$358,543	$-192,007
2019	$891,394	$310,497	$987,548	$580,897

CATHEDRAL DISTRICT-JAX INC