CENTRAL AREA COLLABORATIVE

EIN: 831392414 501(c)(3) Community Improvement

Seattle, WA

Total Revenue
$348,132
Total Expenses
$382,688
Total Assets
$122,874
Net Assets
$122,874
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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
Legal Domicile
WA
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.

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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%)

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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
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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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
3

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
3
$103,916
Total Directors
3
$103,916
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Comer Executive Director 20.00
Officer Director
$103,916 $0 $103,916
Leon Garnett Governor 2.00
Officer Director
$0 $0 $0
Heyward Watson Governor 3.00
Officer 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 $348,132 $382,688 $122,874 $-34,556
2021 $544,958 $247,332 $334,585 $297,626
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