CONNCORP LLC (EIN 823795053) - 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

2021

Legal Domicile

Principal Officer

ERIK CLEMONS

Phone

2038239823

Tax Period

2023-01-01 to 2023-12-31

CONNCORP LLC, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 24% operating margin.

Mission

TO DRIVE ECONOMIC DEVELOPMENT AND ECONOMIC JUSTICE IN IMPOVERISHED COMMUNITIES (SEE SCH O)OUR MISSION IS TO DRIVE ECONOMIC DEVELOPMENT AND ECONOMIC JUSTICE IN IMPOVERISHED COMMUNITIES BY INVESTING IN LOCAL COMMERCIAL AND RESIDENTIAL REAL ESTATE, AND MINORITY-OWNED BUSINESSES.

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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 $4,772,565

Program Service Revenue $502,559

Investment Income $0

Other Revenue $312,086

TOTAL REVENUE $5,587,210

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $2,409,920

Fundraising Expenses $68,374

Program Expenses $1,904,062

Other Expenses $1,811,431

TOTAL EXPENSES $4,236,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,587,210	$7,168,100	-0.2%
Expenses	$4,236,351	$2,823,988	+0.5%
Net Income	$1,350,859	$4,344,112	-0.7%

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

$1,039,954

Total Directors

$554,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLTON L HIGHSMITH	BOARD CHAIR / TREASURER	3.00	Officer Director	$0	$0	$0
ERIK CLEMONS	CEO / PRESIDENT & SECRETAR	20.00	Officer Director	$311,651	$41,245	$352,896
PAUL MCCRAVEN	VICE PRESIDENT	40.00	Officer Director	$175,000	$26,797	$201,797
ALAN BOWIE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM ELLIS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KIM HARRIS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
GERALD JAYNES	BOARD DIRECTOR (LEFT 4/2023)	1.00	Director	$0	$0	$0
MILES LASATER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JESSE PHILLIPS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
NINA SILVA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KAREN DUBOIS WALTON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET D'ANGELO	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ANNA BLANDING	CIO	40.00	Officer	$240,001	$0	$240,001
ANDREW ASCHETTINO	CFO	40.00	Officer	$205,192	$40,068	$245,260
AYA BECKLES SWANSON	EXECUTIVE DIRECTOR	40.00	Highest	$133,522	$37,997	$171,519
GIDEON GEBREYESUS	VICE PRESIDENT	40.00	Highest	$110,154	$23,297	$133,451
ANDREA TAYLOR	HR DIRECTOR	40.00	Highest	$109,869	$19,674	$129,543
ELAINE ROPER	VICE PRESIDENT	40.00	Highest	$101,731	$47,057	$148,788
IAN WILLIAMS	VICE PRESIDENT	40.00	Highest	$102,500	$4,933	$107,433

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	$5,587,210	$4,236,351	$42,277,692	$1,350,859
2022	$7,168,100	$2,823,988	$36,784,901	$4,344,112
2021	$1,823,300	$894,765	$15,629,249	$928,535

CONNCORP LLC