THE CORE COMMUNITY CENTER

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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

Principal Officer

DARAYL R TAYLOR II

Phone

3609822506

Tax Period

2023-01-01 to 2023-12-31

THE CORE COMMUNITY CENTER, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $141K in total revenue in fiscal year 2023. Expenses of $171K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR SKAGIT COUNTY AND SURROUNDING AREAS THROUGH SELF-HELP, ECONOMIC SELF-SUFFICIENCY, COMMUNITY SOLIDARITY, EDUCATION, AND PHYSICAL FITNESS. TO ALIGN OUR SERVICES WITH THE HEALTH EQUITY AND HEALTH JUSTICE FOR OUR COUMMUNITIES AND THOSE WE LIVE AMONG.

Program Service Accomplishments

Program 1

Expenses: $164,793 Revenue: $129,710

CORE WAS DEVELOPED TO FULFILL HEALTHY LIVING FOR YOUNG PEOPLE'S NEEDS IN THE SKAGIT COUNTY COMMUNITY AND SURROUNDING AREAS. OVER THE PAST 6 YEARS, CORE SERVED IN FIVE TARGET AREAS WHICH INCLUDES...

CORE WAS DEVELOPED TO FULFILL HEALTHY LIVING FOR YOUNG PEOPLE'S NEEDS IN THE SKAGIT COUNTY COMMUNITY AND SURROUNDING AREAS. OVER THE PAST 6 YEARS, CORE SERVED IN FIVE TARGET AREAS WHICH INCLUDES YOUTH/SCHOOLS, FAMILIES, SENIORS, HEALTHY LIVING AND OUR MILITARY SERVICE MEMBERS. CORE HAS BUILT PROGRAMS FOR YOUTH K THROUGH COLLEGE, FAMILIES, BASKETBALL PROGRAMS, YOUTH VOLLEYBALL, MENTAL HEALTH PROMOTION, BREAST CANCER EDUCATION AND AWARENESS. ONE AREA WE HAVE SPECIFICALLY TARGETED BEGINNING IN 2022 IS THE AREA OF REACHING OUT TO AND SUPPORTING THE SPECIAL NEEDS COMMUNITY AND THEIR FAMILIES. WE CURRENTLY PARTNER WITH AND RENT TO BASKETBALL PROGRAMS AND TRAININGS WHICH HOST ANNUALLY ON AVERAGE 3000+ KIDS GRADES K THROUGH 12, ANOTHER 5000 AND THEIR FAMILIES THROUGH BASKETBALL TOURNAMENTS, AND 1500 THROUGH BASKETBALL LEAGUES THROUGHOUT THE YEAR WITHIN FOUR COUNTIES (SKAGIT, SNOHOMISH, ISLAND, WHATCOM). WE'VE HOSTED 363 KIDS THIS PAST SUMMER AND WINTER BREAK WITH OUR CAMPS.

Program 2

Expenses: $1,434

THE CORE COMMUNITY CENTER'S SPECIAL NEEDS COMMUNITY OUTREACH PROGRAM SERVES AS A VITAL RESOURCE FOR FAMILIES WITH INDIVIDUALS WHO HAVE SPECIAL NEEDS. OUR PROGRAM OFFERS A SAFE AND INCLUSIVE...

THE CORE COMMUNITY CENTER'S SPECIAL NEEDS COMMUNITY OUTREACH PROGRAM SERVES AS A VITAL RESOURCE FOR FAMILIES WITH INDIVIDUALS WHO HAVE SPECIAL NEEDS. OUR PROGRAM OFFERS A SAFE AND INCLUSIVE ENVIRONMENT FOR THESE FAMILIES TO GATHER, CONNECT, AND ENGAGE WITH ONE ANOTHER. WE HOST MONTHLY EVENTS, INVITING FAMILIES AND COMMUNITY MEMBERS TO PARTICIPATE. OUR POPULAR ACTIVITIES INCLUDE KARAOKE NIGHTS, WHICH PROVIDE A FUN AND SUPPORTIVE ATMOSPHERE FOR SOCIAL INTERACTION. THROUGH THESE EVENTS, WE AIM TO FOSTER COMMUNITY, REDUCE ISOLATION, AND ENHANCE THE QUALITY OF LIFE FOR INDIVIDUALS WITH SPECIAL NEEDS AND THEIR FAMILIES.

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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 $10,608

Program Service Revenue $129,710

Investment Income $500

Other Revenue $0

TOTAL REVENUE $140,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,227

Other Expenses $170,838

TOTAL EXPENSES $170,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,818	$137,656	+0.0%
Expenses	$170,838	$144,821	+0.2%
Net Income	$-30,020	$-7,165	+3.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARAYL R TAYLOR II	PRESIDENT	24.00	Officer	$0	$0	$0
CHEYLO ILASA	OFFICER	1.00	Officer	$0	$0	$0
ANGELIA JORDAN	OFFICER	1.00	Officer	$0	$0	$0
TOSHA A TAYLOR	TREASURER	20.00	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
2024	No data	No data	No data	No data
2023	$140,818	$170,838	$1,921,687	$-30,020
2022	$137,656	$144,821	$1,962,095	$-7,165