CLEVELAND CHIROPRACTIC COLLEGE OF LA (EIN 952988463) - 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

1955

Legal Domicile

Phone

9132340600

Tax Period

2023-09-01 to 2024-08-31

CLEVELAND CHIROPRACTIC COLLEGE OF LA, founded in 1955, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $626K in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $573K, a strong 91% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE MISSION AND GROWTH OF CLEVELAND UNIVERSITY-KANSAS CITY.

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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 $626,482

Other Revenue $0

TOTAL REVENUE $626,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,511

Other Expenses $53,943

TOTAL EXPENSES $53,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$626,482	$336,625	+0.9%
Expenses	$53,943	$52,854	+0.0%
Net Income	$572,539	$283,771	+1.0%

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

$520,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY D SPENCER DC	DIRECTOR/VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
TIMOTHY E MENG DC	DIRECTOR/CHAIR/SECRETARY	1.0	Officer Director	$0	$0	$0
EUGENE LOCKROW	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK HAMMOND DC	DIRECTOR	1.0	Director	$0	$0	$0
RAY FOXWORTH DC	DIRECTOR	1.0	Director	$0	$0	$0
CARL S CLEVELAND III DC	PRESIDENT/TREASURER	1.0	Officer	$0	$130,949	$520,536

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	$626,482	$53,943	$9,765,202	$572,539
2023	$336,625	$52,854	$8,926,351	$283,771
2022	$433,873	$104,325	$8,661,947	$329,548
2021	$287,643	$149,593	$9,230,179	$138,050
2020	$163,569	$100,778	$8,650,689	$62,791
2019	$586,900	$1,236,418	$8,322,286	$-649,518
2018	$582,510	$1,517,733	$9,453,823	$-935,223

CLEVELAND CHIROPRACTIC COLLEGE OF LA