THE CENTER FOR URBAN TRANSFORMATION INC (EIN 842355032) - 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

HARVEY CLEMONS JR

Phone

7136740175

Tax Period

2023-07-01 to 2024-06-30

THE CENTER FOR URBAN TRANSFORMATION INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $354K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $728K exceeded revenue, resulting in a 105% operating deficit.

Mission

THE CENTER FOR URBAN TRANSFORMATION'S MISSION IS TO CREATE OPPORTUNITIES FOR FIFTH WARD FAMILIES TO OVERCOME THE ADVERSE EFFECTS OF RACISM, POVERTY AND OTHER INEQUITIES BY IMPLEMENTING PROGRAMS THAT ENCOURAGE GROWING PROSPECTS FOR SURVIVAL AND SUCCESS.

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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 $207,000

Program Service Revenue $147,438

Investment Income $0

Other Revenue $0

TOTAL REVENUE $354,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,997

Fundraising Expenses $0

Program Expenses $631,651

Other Expenses $235,034

TOTAL EXPENSES $728,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$354,438	$717,625	-0.5%
Expenses	$728,031	$765,823	0.0%
Net Income	$-373,593	$-48,198	+6.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY PALMER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HILLIARD	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON HAY	DIRECTOR	2.00	Director	$0	$0	$0
KATHY PAYTON	DIRECTOR	2.00	Director	$0	$0	$0
KEITH CORNELIUS	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
KANE C WEINER	FINANCE CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN REED	DIRECTOR	2.00	Director	$0	$0	$0
HARVEY CLEMONS JR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRED FREELS	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$354,438	$728,031	$78,262	$-373,593
2022	$660,978	$587,651	$468,643	$73,327
2021	$546,933	$343,885	$275,955	$203,048
2019	$143,669	$86,506	$57,163	$57,163

THE CENTER FOR URBAN TRANSFORMATION INC