Central Area Development Association (EIN 911632440) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

George Staggers

Phone

2069199896

Tax Period

2023-01-01 to 2023-12-31

Central Area Development Association, founded in 1994, is a small nonprofit in the Unknown sector that reported $172K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $281K exceeded revenue, resulting in a 63% operating deficit.

Mission

CADAs mission is to enhance the economic vitality, affordability, and livaility of the Central Area.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,347

Program Service Revenue $128,592

Investment Income $0

Other Revenue $7,499

TOTAL REVENUE $172,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,418

Fundraising Expenses $0

Program Expenses $268,678

Other Expenses $224,724

TOTAL EXPENSES $281,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,438	$525,935	-0.7%
Expenses	$281,142	$428,513	-0.3%
Net Income	$-108,704	$97,422	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ROLANDA CARRIERE	VICE PRESIDNET	001.00	Officer Director	$0	$0	$0
EUDORA CARTER	SECRETARY	001.00	Officer Director	$0	$0	$0
TRICIA BARAN	TREASURER CONTROLLER	004.00	Officer Director	$0	$0	$0
CHARLOTTEE WINGO	MEMBER	001.00	Director	$0	$0	$0
GODWIN GABRIEL	PRESIDENT	001.00	Director	$0	$0	$0
ROBERTO JOUDORN	MEMBER	001.00	Director	$0	$0	$0
GEORGE STAGGERS	CEO	004.00	Officer	$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	$172,438	$281,142	$913,819	$-108,704
2022	$525,935	$428,513	$972,005	$97,422
2021	$141,594	$226,684	$1,040,834	$-85,090
2020	$185,635	$246,683	$1,101,376	$-61,048

Central Area Development Association