THE COMMUNITY INITIATIVE OF NC (EIN 813983435) - 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

Principal Officer

ALPHONSO COHEN

Phone

6466621235

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY INITIATIVE OF NC, founded in 2016, is a small nonprofit in the Human Services sector that reported $737K in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum.

Mission

WORKING WITH HIGH RISK YOUTH IN MARGINALIZED COMMUNITIES.

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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 $736,576

Program Service Revenue $0

Investment Income $49

Other Revenue $0

TOTAL REVENUE $736,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,400

Fundraising Expenses $56,626

Program Expenses $589,340

Other Expenses $708,471

TOTAL EXPENSES $767,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$736,625	$301,000	+1.4%
Expenses	$767,871	$232,728	+2.3%
Net Income	$-31,246	$68,272	-1.5%

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

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

$9,430

Total Directors

$13,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALPHONSO COHEN	EXECUTIVE DI	40.00	Officer Director	$9,430	$0	$9,430
JANET COHEN	PROGRAM DIRE	40.00	Director	$3,650	$0	$3,650
THABITI BOONE	BOARD MEMBER	1.00	Officer	$0	$0	$0
PHILICIA DAVIS	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHRIS JACKSON	BOARD MEMBER	1.00	Officer	$0	$0	$0
KAREN SMITH-MOORE	CHAIRPERSON	1.00	Officer	$0	$0	$0
JEFFERY WILLIAMS	BOARD MEMBER	1.00	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	$736,625	$767,871	$45,459	$-31,246
2022	$301,000	$232,728	$71,202	$68,272

THE COMMUNITY INITIATIVE OF NC