Centerforce Inc (EIN 942446248) - 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

1977

Legal Domicile

Principal Officer

Jacquelynn Thomas

Phone

5108343457

Tax Period

2024-07-01 to 2025-06-30

Centerforce Inc, founded in 1977, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

Centerforce is a California based non profit organization that strives to improve the lives and stregthen the communities of incarcerated people and their loved ones.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,180,089

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,180,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,034,394

Fundraising Expenses $23,560

Program Expenses $886,873

Other Expenses $277,827

TOTAL EXPENSES $1,312,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,180,089	$1,302,293	-0.1%
Expenses	$1,312,221	$1,377,432	0.0%
Net Income	$-132,132	$-75,139	+0.8%

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

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
Michael Radice	Executive Director	24.00		$117,801	$0	$117,801
Albert Sasser	Board Member	4.00	Director	$0	$0	$0
Mark McGoldrick	Board Member	4.00	Director	$0	$0	$0
Dominique Donette	Board Member	4.00	Director	$0	$0	$0
Carrie Ko	Board Member	4.00	Director	$0	$0	$0
Jacquelynn Thomas	Board Chair	4.00	Director	$0	$0	$0
Steven Wiener	Secretary	4.00	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
2025	$1,180,089	$1,312,221	No data	$-132,132
2024	$1,302,293	$1,377,432	$587,987	$-75,139
2023	$1,212,127	$1,195,028	$699,472	$17,099
2022	$1,343,486	$1,280,053	$618,574	$63,433
2021	$1,102,254	$1,222,592	$450,151	$-120,338
2020	$1,121,639	$1,000,659	$579,950	$120,980
2019	$897,739	$992,646	$326,708	$-94,907
2018	$959,717	$913,061	$391,364	$46,656

Centerforce Inc