Community Transition Academy (EIN 821489526) - 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

2018

Legal Domicile

Phone

8583600282

Tax Period

2023-01-01 to 2023-12-31

Community Transition Academy, founded in 2018, is a small nonprofit in the Education sector that reported $495K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $132K, a strong 27% operating margin.

Mission

The Mission of the Community Transition Academy CTA is to offer a highly individualized, hands-on approach towards education and community inclusion, providing a meaningful and collaborative transition for emerging young adults with autism spectrum disorder or related developmental disabilities from high school to adulthood in addition to providing training to the community at large. Unfortunately, CTA stopped providing services on March 24, 2023 as the Board determined that the organization was no longer financially viable. CTA expects to be fully disolved in 2024.

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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 $265,767

Program Service Revenue $229,299

Investment Income $0

Other Revenue $0

TOTAL REVENUE $495,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,194

Fundraising Expenses $0

Program Expenses $318,836

Other Expenses $147,422

TOTAL EXPENSES $362,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,066	$857,399	-0.4%
Expenses	$362,616	$981,595	-0.6%
Net Income	$132,450	$-124,196	-2.1%

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
Adam Kasarda	President	1.00	Officer Director	$0	$0	$0
Colm Marmion	Secretary	1.00	Officer Director	$0	$0	$0
Lindsey Hood	CFO	1.00	Officer Director	$0	$0	$0
Diana Mason	Director	1.00	Director	$0	$0	$0
Sara Kelley	Director	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
2023	$495,066	$362,616	$383,030	$132,450
2022	$857,399	$981,595	$235,597	$-124,196
2021	$897,720	$854,758	$310,149	$42,962
2020	$784,914	$831,572	$346,286	$-46,658
2019	$1,235,896	$1,150,418	$277,775	$85,478

Community Transition Academy