CRISTO REY RESEARCH TRIANGLE CORPORATE WORK STUDY PROGRAM INC (EIN 832700481) - 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

NEIL CRONIN

Phone

9198975680

Tax Period

2024-07-01 to 2025-06-30

CRISTO REY RESEARCH TRIANGLE CORPORATE WORK STUDY PROGRAM INC, founded in 2018, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $744K, a strong 48% operating margin.

Mission

SUPPORT THE STUDENTS OF CRISTO REY RESEARCH TRIANGLE HIGH SCHOOL BY PROVIDING A WORK STUDY PROGRAM THROUGH WHICH THEY FINANCE THE MAJORITY OF THE COST OF THEIR EDUCATION, GAIN REAL WORLD JOB EXPERIENCE, GROW IN SELF CONFIDENCE, AND REALIZE THE RELEVANCE OF THEIR EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $564,342

Program Service Revenue $955,050

Investment Income $22,470

Other Revenue $0

TOTAL REVENUE $1,541,862

Expense Breakdown

Grants Paid $798,319

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $798,319

Other Expenses $0

TOTAL EXPENSES $798,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,541,862	$930,395	+0.7%
Expenses	$798,319	$568,208	+0.4%
Net Income	$743,543	$362,187	+1.1%

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

N/A

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

$196,272

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL CRONIN	PRESIDENT	20.00	Officer	$0	$25,630	$168,608
JOSEPH TRAVERS	DIRECTOR OF	20.00	Officer	$0	$6,400	$27,664
MARK BARIC	CHAIRMAN	0.25	Officer Director	$0	$0	$0
SHELAYNE SUTTON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
FRANCIS PIROZZI	TREASURER	0.25	Officer Director	$0	$0	$0
CONOR HEATON	SECRETARY	0.25	Officer Director	$0	$0	$0
BOB MURPHY	DIRECTOR	0.25	Director	$0	$0	$0
CARMAN LIUZZO	DIRECTOR	0.25	Director	$0	$0	$0
KAREN SWOBODA	DIRECTOR	0.25	Director	$0	$0	$0
GREG BOHLEN	DIRECTOR	0.25	Director	$0	$0	$0
JOHN RATLIFF	DIRECTOR	0.25	Director	$0	$0	$0
LUIS HERNANDEZ	DIRECTOR	0.25	Director	$0	$0	$0
ROB DIDOMENICO	DIRECTOR	0.25	Director	$0	$0	$0
ERROLL REESE	DIRECTOR	0.25	Director	$0	$0	$0
ED FRITSCH	DIRECTOR	0.25	Director	$0	$0	$0
PHIL FORD	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL GOODMAN	DIRECTOR	0.25	Director	$0	$0	$0
JIM DEAN	DIRECTOR	0.25	Director	$0	$0	$0
ANITA HOLT	DIRECTOR	0.25	Director	$0	$0	$0
WENDELL MCCAIN	DIRECTOR	0.25	Director	$0	$0	$0
BISHOP LUIS RAFAEL ZARAMA	DIRECTOR	0.25	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
2025	$1,541,862	$798,319	$1,585,783	$743,543
2024	$930,395	$568,208	$871,853	$362,187
2023	$497,139	$443,211	$452,406	$53,928
2022	$167,903	$167,903	No data	No data
2021	$307,700	$307,700	No data	No data

CRISTO REY RESEARCH TRIANGLE CORPORATE WORK STUDY PROGRAM INC