CITS FOUNDATION AND INCORPORATED

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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

2021

Legal Domicile

Phone

7163088800

Tax Period

2024-01-01 to 2024-12-31

CITS FOUNDATION AND INCORPORATED, founded in 2021, is a small nonprofit in the Youth Development sector that reported $287K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 67% operating margin.

Mission

ADVANCE UNDER PREVILEDGED COMMUNITIES THROUGH EDUCATION, MENTORING AND COCURRICULAR ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $95,596 Revenue: $286,756

UNDERPRIVILEGED COMMUNITIES THROUGH EDUCATION, MENTORING AND COCURRICULAR ACTIVITIES. OUR PROGRAM IMPACTED OVER 50000 PEOPLE IN OUR COMMUNITY PPE DISTRIBUTION OF 15000 AND 22000 MEALS AND 7500 FRUITS AND VEGETABLES 3500 BACK PACKS AND SUPPLIES AND COCURRICULAR ACTIVITIES. WE ALSO OFFER PROGRAMS IN BUFFALO PUBLIC SCHOOLS.

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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 $286,756

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $286,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,275

Fundraising Expenses $0

Program Expenses $95,596

Other Expenses $60,321

TOTAL EXPENSES $95,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,756	$233,460	+0.2%
Expenses	$95,596	$28,979	+2.3%
Net Income	$191,160	$204,481	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAKARAI SINGLETARY	PRESIDENT CEO	50.00	Director Key Emp	$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	$286,756	$95,596	$424,620	$191,160
2023	$97,392	$28,979	$233,460	$68,413