CANOPY CERTIFIED INC (EIN 830965241) - 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

Principal Officer

SCOTT KOLOMS

Phone

5029073268

Tax Period

2023-01-01 to 2023-12-31

CANOPY CERTIFIED INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $371K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $409K exceeded revenue, resulting in a 10% operating deficit.

Mission

MAKING KENTUCKY FIRST IN GOOD BUSINESS.

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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 $292,183

Program Service Revenue $60,620

Investment Income $0

Other Revenue $18,510

TOTAL REVENUE $371,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,418

Fundraising Expenses $76,806

Program Expenses $272,433

Other Expenses $102,842

TOTAL EXPENSES $409,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,313	$461,161	-0.2%
Expenses	$409,260	$498,634	-0.2%
Net Income	$-37,947	$-37,473	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
DELENE TAYLOR	DIRECTOR	0.40	Director	$0	$0	$0
BRAD FLOWERS	DIRECTOR EMERITUS	0.10	Director	$0	$0	$0
JILL WILCOX	SECRETARY	0.50	Officer Director	$0	$0	$0
RAECHELE SMALLS	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT KOLOMS	PRESIDENT	0.50	Officer Director	$0	$0	$0
GEOFF MARIETTA	CHAIRMAN	0.50	Officer Director	$0	$0	$0
BRANDI HARLESS	DIRECTOR	0.20	Director	$0	$0	$0
CARLOS HERNANDEZ OCAMPO	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN SCHNEIDER	DIRECTOR	0.25	Director	$0	$0	$0
KENT OYLER	DIRECTOR	0.50	Director	$0	$0	$0
SEEMA SHETH	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN TRAGER	DIRECTOR	0.50	Director	$0	$0	$0
ADAM BACK	DIRECTOR	0.10	Director	$0	$0	$0
SAM FORD	DIRECTOR	0.10	Director	$0	$0	$0
RHONDA SCHLADAND	DIRECTOR	0.10	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	No data	No data	No data	No data
2023	$371,313	$409,260	$63,865	$-37,947
2022	$461,161	$498,634	$35,802	$-37,473
2021	$392,203	$395,424	$73,166	$-3,221
2020	$382,438	$479,559	$120,976	$-97,121
2019	$299,273	$338,927	$49,026	$-39,654

CANOPY CERTIFIED INC