SCLT SUPPORT CORPORATION (EIN 880538414) - 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

2022

Legal Domicile

Principal Officer

MARGARET DEVOS

Phone

4012739419

Tax Period

2023-01-01 to 2023-12-31

SCLT SUPPORT CORPORATION, founded in 2022, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $30K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $96K exceeded revenue, resulting in a 214% operating deficit.

Mission

TO EXCLUSIVELY RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF SOUTHSIDE COMMUNITY LAND TRUST,(EIN 05-0394224), A RHODE ISLAND NONPROFIT CORPORATION OPERATING FOR EXEMPT PURPOSES UNDER SECTION 501(C)3 OF THE TAX CODE.

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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 $0

Investment Income $0

Other Revenue $30,500

TOTAL REVENUE $30,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,885

Other Expenses $95,885

TOTAL EXPENSES $95,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,500	$40,798	-0.3%
Expenses	$95,885	$84,886	+0.1%
Net Income	$-65,385	$-44,088	+0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET DEVOS	PRESIDENT	1.00	Officer Director	$0	$0	$0
PHILLIP YANG	TREASURER	1.00	Officer Director	$0	$0	$0
ARLINDO GONCALVES	SECRETARY	1.00	Officer 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	$30,500	$95,885	$5,132,487	$-65,385
2022	$40,798	$84,886	$3,827,372	$-44,088

SCLT SUPPORT CORPORATION