CENTRAL AREA COLLABORATIVE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

Dennis Comer

Tax Period

2023-01-01 to 2023-12-31

CENTRAL AREA COLLABORATIVE, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $348K in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum.

Mission

To ensure the commercial vitality of the Central Area.

Program Service Accomplishments

Program 1

Expenses: $362,625

The Only in Seattle Initiative to support community driven economic development projects with a focus on racial equity and social justice. Neighborhood-based nonprofit organizations who support local small businesses and communities can apply for grants up to $200,000 to fund projects that help build community partnerships, provide resources to local businesses and strengthen neighborhoods throughout Seattle. The OIS Initiative works to build an equitable and vibrant city by investing in neighborhood business districts that are centers of local commerce, community and culture. The OIS initiative supports activities such as: Organizing Creating and strengthening nonprofit organizations that can collaborate and work on neighborhood based economic development action plans Marketing and Events Marketing strategies and events that bring customers to business districts and create a positive, consistent image of neighborhoods. Continued on Schedule O...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $347,988

Program Service Revenue $0

Investment Income $144

Other Revenue $0

TOTAL REVENUE $348,132

Expense Breakdown

Grants Paid $44,572

Salaries & Benefits $103,916

Fundraising Expenses $0

Program Expenses $362,625

Other Expenses $234,200

TOTAL EXPENSES $382,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$348,132	$128,099	+1.7%
Expenses	$382,688	$302,713	+0.3%
Net Income	$-34,556	$-174,614	-0.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$103,916

Total Directors