The Crete Collective (EIN 853586913) - 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

THABITI ANYABWILE

Phone

8473601502

Tax Period

2023-01-01 to 2023-12-31

The Crete Collective, founded in 2020, is a small nonprofit in the Religion sector that reported $356K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $479K exceeded revenue, resulting in a 35% operating deficit.

Mission

The Crete Collective exists to support new and existing churches in neglected and vulnerable Black and Brown neighborhoods. We achieve this mission by providing funding and training to local church leaders.

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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 $355,699

Program Service Revenue $0

Investment Income $43

Other Revenue $0

TOTAL REVENUE $355,742

Expense Breakdown

Grants Paid $350,000

Salaries & Benefits $46,476

Fundraising Expenses $43,478

Program Expenses $432,112

Other Expenses $82,966

TOTAL EXPENSES $479,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,742	$329,159	+0.1%
Expenses	$479,442	$421,946	+0.1%
Net Income	$-123,700	$-92,787	+0.3%

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

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

$21,331

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIMDINDU ONWUCHEKWA	Director	5.00	Director	$21,331	$0	$21,331
THABITI ANYABWILE	President	10.00	Officer Director	$0	$0	$0
CHET TALLEY	Secretary	5.00	Director	$0	$0	$0
JAMIE LOVE	Treasurer	10.00	Director	$0	$0	$0
JEREMY MCCLAIN	Director	5.00	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	No data	No data	No data	No data
2023	$355,742	$479,442	$369,601	$-123,700
2022	$329,159	$421,946	$492,773	$-92,787
2021	$455,135	$209,951	$585,609	$245,184
2020	$340,229	$319	$339,910	$339,910

The Crete Collective