Cityway Community Economic Dev Corp (EIN 833958627) - 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

2019

Legal Domicile

Principal Officer

Ray Blom

Tax Period

2023-01-01 to 2023-12-31

Cityway Community Economic Dev Corp, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 6% surplus.

Mission

Cityway Community Economic Development Corporation is committed to community and economic development in inner cities. Cityways focus is to revitalize struggling communities and neighborhoods through a wide range of community services

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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 $14,238

Program Service Revenue $1,971,212

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,985,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,350,093

Other Expenses $1,866,202

TOTAL EXPENSES $1,866,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,985,450	$1,607,622	+0.2%
Expenses	$1,866,202	$1,485,655	+0.3%
Net Income	$119,248	$121,967	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Annete Kelly-Whittle	Board Member	5.00	Director	$0	$0	$0
Rohan Gunewardena	Board Member	5.00	Director	$0	$0	$0
Samuel Rodriguez	Board Member	10.00	Director	$0	$0	$0
Gary Hornsby	Board Member	5.00	Director	$0	$0	$0
Janet Casas	Board Member	5.00	Director	$0	$0	$0
Marco Garcia	Board Member	5.00	Director	$0	$0	$0
Michael Rivera	Board Member	5.00	Director	$0	$0	$0
Richard Montanez	Board Member	5.00	Director	$0	$0	$0
Ray Blom	President	20.00	Officer	$0	$0	$0
Marcia Waggoner	Secretary	35.00	Officer	$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	$1,985,450	$1,866,202	$290,042	$119,248
2022	$1,607,622	$1,485,655	$185,656	$121,967
2021	$1,078,823	$1,069,938	$118,451	$8,885
2020	$553,130	$504,068	$107,135	$49,062

Cityway Community Economic Dev Corp