CORINTHIAN HOUSE 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

1966

Legal Domicile

Principal Officer

MIKE BUMGARDNER

Phone

4083561757

Tax Period

2023-01-01 to 2023-12-31

CORINTHIAN HOUSE INC, founded in 1966, is a micro nonprofit that reported $23K in total revenue in fiscal year 2023. Revenue surged 121% from the prior year, signaling strong growth momentum. Expenses of $57K exceeded revenue, resulting in a 146% operating deficit.

Mission

TO PROVIDE OVERSIGHT AND FINANCIAL SUPPORT TO CORINTHIAN HOUSE RESIDENCE, INC. WHICH PROVIDES QUALITY ELDERLY RESIDENTIAL HOUSING.

Program Service Accomplishments

Program 1

Expenses: $55,028

TO PROVIDE OVERSIGHT AND FINANCIAL SUPPORT TO CORINTHIAN HOUSE RESIDENCE, INC. WHICH PROVIDES QUALITY ELDERLY RESIDENTIAL HOUSING.

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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 $64

Program Service Revenue $0

Investment Income $23,069

Other Revenue $0

TOTAL REVENUE $23,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,028

Other Expenses $56,967

TOTAL EXPENSES $56,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,133	$10,484	+1.2%
Expenses	$56,967	$40,279	+0.4%
Net Income	$-33,834	$-29,795	+0.1%

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
DOROTHY RICO	Secretary	1.00	Officer Director	$0	$0	$0
DAVE CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE BUMGARDNER	Treasurer	1.00	Officer Director	$0	$0	$0
THOM WOJNO	Vice President	1.00	Officer Director	$0	$0	$0
MARGARET WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN VESELY	President	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
2023	$23,133	$56,967	$509,134	$-33,834
2022	$10,484	$40,279	$542,968	$-29,795
2021	$14,543	$17,250	$612,235	$-2,707
2020	$18,685	$24,268	$580,363	$-5,583
2019	$14,180	$19,021	$527,350	$-4,841