CENTER FOR TRANSFORMING LIVES REAL ESTATE

EIN: 923147618 501(c)(3) Human Services

FORT WORTH, TX

Total Revenue
N/A
Total Expenses
$1,570,095
Total Assets
$40,471,088
Net Assets
$456,042
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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
2023
Legal Domicile
TX
Principal Officer
CAROL KLOCEK
Phone
8174841534
Tax Period
2023-09-01 to 2024-08-31

Mission

CTL REAL ESTATE WAS FORMED FOR THE EXCLUSIVE PURPOSES OF CARRYING OUT THE PURPOSES OF THE CENTER FOR TRANSFORMING LIVES AND TO HOLD THE NEW RIVERSIDE CAMPUS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $772,246
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $772,246
Other Expenses $797,849
TOTAL EXPENSES $1,570,095

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $2,248,639 -1.0%
Expenses $1,570,095 $222,502 +6.1%
Net Income N/A $2,026,137 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$631,583
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BICKLEY BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
DEANNA HAMIDEH BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
MEGAN TERRELL BOARD TREASURER 1.00
Officer Director
$0 $0 $0
JASON RICHARDSON CFO 2.00
Officer
$0 $29,100 $237,527
CAROL KLOCEK CEO 2.00
Officer
$0 $25,402 $394,056
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 $1,570,095 $40,471,088 No data
2023 $2,248,639 $222,502 $39,201,148 $2,026,137
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