COCA QALICB INC

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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

INDIGO SAMS

Phone

3147251834

Tax Period

2023-09-01 to 2024-08-31

COCA QALICB INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $593K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 109% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND AT TIMES THEREAFTER SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE TAX-EXEMPT PURPOSES OF THE CENTER OF CREATIVE ARTS (THE "SUPPORTED ORGANIZATION") UNDER SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: TO RECEIVE GIFTS AND GRANTS AND TO USE SUCH GIFTS AND GRANTS FOR ITS PROPER PURPOSES, OR TO MAKE DISTRIBUTIONS THEREOF FOR PURPOSES AND ACTIVITIES THAT QUALIFY AS EXEMPT UNDER CODE SECTION 501(C)(3); AND TO OTHERWISE OPERATE IN SUPPORT OF AND IN FURTHERANCE OF THE TAX-EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $1,196,961 Revenue: $309,096

THE CORPORATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE TAX-EXEMPT PURPOSES OF THE CENTER OF CREATIVE ARTS, (THE "SUPPORTED ORGANIZATION") BY HOLDING AND RENTING CERTAIN REAL PROPERTY TO THE SUPPORTED ORGANIZATION AS PART OF A NEW MARKET TAX CREDIT TRANSACTION, AND TO OTHERWISE SUPPORT THE TAX-EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION.

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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 $283,664

Program Service Revenue $309,096

Investment Income $0

Other Revenue $0

TOTAL REVENUE $592,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,196,961

Other Expenses $1,236,028

TOTAL EXPENSES $1,236,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$592,760	$526,595	+0.1%
Expenses	$1,236,028	$1,322,955	-0.1%
Net Income	$-643,268	$-796,360	-0.2%

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

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

$261,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MINOGUE	SECRETARY	2.00	Officer Director	$0	$0	$0
JESSE HUNTER	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET SCHNEITHORST	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON SOCK	DIRECTOR	2.00	Director	$0	$0	$0
INDIGO SAMS	PRESIDENT & CEO	2.00	Officer	$0	$18,079	$261,111

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
2025	No data	No data	No data	No data
2024	$592,760	$1,236,028	$29,623,133	$-643,268
2023	$526,595	$1,322,955	$30,292,770	$-796,360
2022	$611,947	$1,366,827	$31,174,564	$-754,880
2021	$1,980,360	$1,363,882	$31,981,162	$616,478
2020	$9,206,006	$246,438	$32,616,409	$8,959,568
2019	$5,151,033	$162,848	$22,419,217	$4,988,185
2018	$691,000	$7,162	$15,419,838	$683,838