CORNELL SCOTT RWC 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

2019

Legal Domicile

Principal Officer

MICHAEL R TAYLOR

Phone

2035033000

Tax Period

2024-07-01 to 2025-06-30

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO BENEFIT CORNELL SCOTT - HILL HEALTH CORPORATION, A CONNECTICUT NONSTOCK CORPORATION (THE "CSHHC") EXEMPT FROM TAXATION UNDER CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN CODE SECTION 501(C)(3), BY PERFORMING THE FUNCTIONS OF OR CARRYING OUT THE PURPOSES OF CSHHC, SUCH PURPOSES BEING TO PROVIDE AFFORDABLE COMPREHENSIVE HEALTH AND SOCIAL SERVICES PARTICULARLY TO PERSONS FINANCIALLY UNABLE TO OBTAIN SUCH SERVICES, TO PROMOTE PUBLIC HEALTH INFORMATION AND EDUCATION, AND TO INFORM THE COMMUNITY AT LARGE OF THE HEALTH PROBLEMS IN DISADVANTAGED SEGMENTS OF THE COMMUNITY AND TO ENCOURAGE COMMUNITY SUPPORT TO SOLVE THOSE PROBLEMS.

Program Service Accomplishments

Program 1

Expenses: $739,857 Revenue: $0

TO (I) ACQUIRE AND HOLD TITLE TO REAL PROPERTY AND FURNITURE, FIXTURES AND EQUIPMENT LOCATED AT 232 CEDAR STREET, 149 MINOR STREET, 649 HOWARD AVENUE, AND 651 HOWARD AVENUE NEW HAVEN, CONNECTICUT...

TO (I) ACQUIRE AND HOLD TITLE TO REAL PROPERTY AND FURNITURE, FIXTURES AND EQUIPMENT LOCATED AT 232 CEDAR STREET, 149 MINOR STREET, 649 HOWARD AVENUE, AND 651 HOWARD AVENUE NEW HAVEN, CONNECTICUT 06519 (COLLECTIVELY, THE PROJECT), (II) BORROW LOW-INTEREST RATE FUNDS FROM THIRD-PARTY LENDERS, AND (III) LEASE THE PROJECT TO CSHHC TO OPERATE OR LEASE AS A MEDICAL FACILITY IN FURTHERANCE OF ITS STATED CHARITABLE PURPOSES.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $739,857

Other Expenses $739,857

TOTAL EXPENSES $739,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$739,857	$493,122	+0.5%
Net Income	N/A	$-493,122	N/A

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

$1,405,662

Total Directors

$879,219

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONITA GRUBBS	DIRECTOR	0.10	Director	$0	$0	$0
GARRETT SHEEHAN	DIRECTOR	0.10	Director	$0	$0	$0
ORLANDO CORDERO	DIRECTOR & BOARD CHAIR	0.10	Officer Director	$0	$0	$0
JOSHUA BIRD	DIRECTOR & TREASURER	0.10	Officer Director	$0	$0	$0
MICHAEL TAYLOR	DIRECTOR & CHIEF EXECUTIVE	0.10	Officer Director	$0	$86,491	$879,219
DOUG MAGAZU	CHIEF FINANCIAL OFFICER	0.10	Officer	$0	$50,677	$526,443

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	$739,857	$22,687,078	No data
2024	No data	$493,122	$20,499,102	No data
2023	No data	$477,468	$17,748,432	No data
2022	No data	No data	$18,225,900	No data