Corkran School 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

2021

Legal Domicile

Principal Officer

Tillanye Rankin

Phone

3018946886

Tax Period

2023-07-01 to 2024-06-30

Corkran School Inc, founded in 2021, is a small nonprofit in the Education sector that reported $222K in total revenue in fiscal year 2023. Expenses of $204K left a modest 8% surplus.

Mission

To provide the students in our preschool and kindergarten with academic preparation in a caring, safe, secure, nurturing and family-oriented environment.

Program Service Accomplishments

Program 1

Expenses: $111,930 Revenue: $222,301

Operated a preschool and kindergarten for the benefit of the community.

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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 $0

Program Service Revenue $222,301

Investment Income $0

Other Revenue $0

TOTAL REVENUE $222,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,916

Fundraising Expenses $0

Program Expenses $111,930

Other Expenses $41,988

TOTAL EXPENSES $203,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,301	N/A	N/A
Expenses	$203,904	N/A	N/A
Net Income	$18,397	N/A	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

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

$23,050

Total Directors

$63,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melinda Boyd	Director	40.00	Director	$40,472	$0	$40,472
Tillanye Rankin	Executive Dir.	40.00	Officer Director	$23,050	$0	$23,050
Shannell Hibbert	President	2.00	Officer Director	$0	$0	$0
Chanel Fogel	Vice President	2.00	Officer Director	$0	$0	$0
Lloyd Nolan Fox	Director	1.00	Director	$0	$0	$0
Alice Williams	Director	1.00	Director	$0	$0	$0
Mya Queen	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	$222,301	$203,904	$17,350	$18,397