CITA Thrifts Inc (EIN 831655259) - Form 990 Financial Analysis & Trantor Score

🔒

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

2020

Legal Domicile

Principal Officer

Dr Bryan B Morrow Jr

Phone

3217255160

Tax Period

2024-01-01 to 2024-12-31

CITA Thrifts Inc, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $926K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

Provide funding for room and board, mentoring, counseling, and life skills training for homeless, addicted and at-risk individuals.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $1

Program Service Revenue $924,370

Investment Income $0

Other Revenue $1,601

TOTAL REVENUE $925,972

Expense Breakdown

Grants Paid $471,800

Salaries & Benefits $316,194

Fundraising Expenses $0

Program Expenses $712,007

Other Expenses $136,008

TOTAL EXPENSES $924,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$925,972	$1,044,003	-0.1%
Expenses	$924,002	$1,006,903	-0.1%
Net Income	$1,970	$37,100	-0.9%

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

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

$125,000

Total Directors

$125,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Bryan B Morrow Jr	Pres/Executive Dir	30.00	Officer Director	$0	$0	$125,000
James D Slate	Treasurer	1.00	Officer Director	$0	$0	$0
Terri Moore Morrow	Secretary	1.00	Officer Director	$0	$0	$0
Christopher J Fadden	Board Member	1.00	Officer Director	$0	$0	$0
Brian Ellison	Board Member	1.00	Officer Director	$0	$0	$0
Herbert K Etheridge	Board Member	1.00	Officer Director	$0	$0	$0
Michael Thomas	Board Member	1.00	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	$925,972	$924,002	$141,215	$1,970
2023	$1,044,003	$1,006,903	$129,686	$37,100
2022	$1,107,889	$1,015,184	$100,577	$92,705
2021	$503,954	$9,220	$494,734	$494,734

CITA Thrifts Inc