CORAS Intergenerational Center (EIN 844241574) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Clifford Jones Sr

Phone

7043916646

Tax Period

2024-01-01 to 2024-12-31

CORAS Intergenerational Center, founded in 2020, is a small nonprofit that reported $291K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $394K exceeded revenue, resulting in a 35% operating deficit.

Mission

To provide affordable and high-quality adult day health services for older and assistance-requiring adults.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $186,310

Program Service Revenue $99,645

Investment Income $0

Other Revenue $5,287

TOTAL REVENUE $291,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,507

Fundraising Expenses $0

Program Expenses $254,781

Other Expenses $268,319

TOTAL EXPENSES $393,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,242	$345,591	-0.2%
Expenses	$393,826	$329,508	+0.2%
Net Income	$-102,584	$16,083	-7.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
Carmen Morrison	Managing Director	10.00		$35,914	$0	$173,035
Shana Spicer	Chief Financial Officer	20.00		$33,343	$0	$154,150
Dr Mary Wilson	Program Director	40.00		$48,000	$0	$48,000
Clifford Jones Sr	Chairman	1.00	Officer Director	$0	$0	$0
Cornell Wilson Sr	Vice Chairman	1.00	Officer Director	$0	$0	$0
Jennifer Freeman	Secretary	1.00	Officer Director	$0	$0	$0
Susan Davis	Treasurer	1.00	Officer Director	$0	$0	$0
Paula Foust	Director	1.00	Director	$0	$0	$0
Joseph Dancy	Director	1.00	Director	$0	$0	$0
Phyllis Wingate	Director	1.00	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
2024	$291,242	$393,826	$252,956	$-102,584
2023	$345,591	$329,508	$242,723	$16,083
2022	$214,598	$216,116	$260,175	$-1,518
2022	$233,472	$234,990	$260,174	$-1,518
2021	$71,699	$113,500	$249,334	$-41,801

CORAS Intergenerational Center