CAROLINE AVENUE PROPERTY COMPANY I… - Form 990 Financial Data

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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

TYRONE FENDERSON

Phone

2514412100

Tax Period

2023-10-01 to 2024-09-30

CAROLINE AVENUE PROPERTY COMPANY INC, founded in 2022, is a micro nonprofit in the Education sector that reported $75K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 79% operating margin.

Mission

TO SUPPORT THE GOALS OF THE ALABAMA HIGH SCHOOL OF MATHEMATICS AND SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $15,633

THE ORGANIZATION IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB) SERVING AN INTEGRAL ROLE TO OBTAIN NEW MARKETS TAX CREDITS FOR THE ALABAMA HIGH SCHOOL OF MATHEMATICS AND SCIENCE, AN...

THE ORGANIZATION IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB) SERVING AN INTEGRAL ROLE TO OBTAIN NEW MARKETS TAX CREDITS FOR THE ALABAMA HIGH SCHOOL OF MATHEMATICS AND SCIENCE, AN EDUCATIONAL INSTITUTION OF THE STATE OF ALABAMA. THE ORGANIZATION HAS ENSURED THE TRANSACTIONS MEET THE INTENDED PURPOSE.

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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 $2

Other Revenue $75,449

TOTAL REVENUE $75,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,633

Other Expenses $15,633

TOTAL EXPENSES $15,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,451	$650,031	-0.9%
Expenses	$15,633	$974	+15.1%
Net Income	$59,818	$649,057	-0.9%

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
ELISKA MORGAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TYRONE FENDERSON JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN PEEBLES	SECRETARY AND TREASURER	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	$75,451	$15,633	$15,960,948	$59,818
2023	$650,031	$974	$20,303,556	$649,057

CAROLINE AVENUE PROPERTY COMPANY INC