CULTIVATE INITIATIVES (EIN 851311305) - 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

2020

Legal Domicile

Principal Officer

CALEB CODER

Phone

5034779742

Tax Period

2024-07-01 to 2025-06-30

CULTIVATE INITIATIVES, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $9.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $9.3M left a modest 4% surplus.

Mission

THE ORGANIZATION IS A NONPROFIT ORGANIZATION SUPPORTING EAST PORTLAND THAT WORKS ALONGSIDE THOSE WHO HAVE BEEN MARGINALIZED TO EMPOWER INDIVIDUALS AND COMMUNITIES THROUGH AN INCLUSIVE RANGE OF SERVICES AND SUPPORTS.

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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 $8,932,237

Program Service Revenue $573,187

Investment Income $10,150

Other Revenue $133,966

TOTAL REVENUE $9,649,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,927,296

Fundraising Expenses $223,209

Program Expenses $7,788,721

Other Expenses $4,356,422

TOTAL EXPENSES $9,283,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,649,540	$8,739,929	+0.1%
Expenses	$9,283,718	$7,306,582	+0.3%
Net Income	$365,822	$1,433,347	-0.7%

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

117

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

$181,335

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER KNAPP	PRESIDENT	3.00	Officer Director	$0	$0	$0
ALEX PALM	SECRETARY	3.00	Officer Director	$0	$0	$0
RONALD HOCKLEY	TREASURER	3.00	Officer Director	$0	$0	$0
SERAPHIE ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
HIAKA MUSHI	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY DUFAULT	DIRECTOR	1.00	Director	$0	$0	$0
JANICE JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
CALEB CODER	EXECUTIVE DIRECTOR	40.00	Officer	$81,923	$8,490	$90,413
AMANDA MATLIN	FINANCE DIRECTOR	40.00	Officer	$80,032	$10,890	$90,922

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	$9,649,540	$9,283,718	$8,475,880	$365,822
2024	$8,739,929	$7,306,582	$7,905,765	$1,433,347
2023	$5,305,277	$4,656,429	$6,371,311	$648,848
2022	$4,958,610	$1,507,105	$3,600,530	$3,451,505

CULTIVATE INITIATIVES