Centennial Village Corporation (EIN 953272900) - 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

1978

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Centennial Village Corporation, founded in 1978, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $4.9M exceeded revenue, resulting in a 124% operating deficit.

Mission

The Organizations only mission, as outlined in its Articles of Incorporation, is to provide a safe, comfortable, and affordable apartment community for senior adults, 62 years and older, with the assistance of funding through a contract with HUD.

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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 $2,174,673

Investment Income $6,889

Other Revenue $0

TOTAL REVENUE $2,181,562

Expense Breakdown

Grants Paid $2,934,593

Salaries & Benefits $922,558

Fundraising Expenses $0

Program Expenses $4,727,075

Other Expenses $1,030,756

TOTAL EXPENSES $4,887,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,181,562	$2,081,927	+0.0%
Expenses	$4,887,907	$1,682,327	+1.9%
Net Income	$-2,706,345	$399,600	-7.8%

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

$317,578

Total Directors

$537,189

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Cheney	President and CEO	60.00	Officer Director	$317,578	$0	$317,578
Craig Cheney	Executive Chairman	40.00	Director	$219,611	$0	$219,611
Judi Ward	Director	1.00	Director	$0	$0	$0
Jerry Ferguson	Secretary	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	No data	No data	No data	No data
2023	$2,181,562	$4,887,907	$9,408,329	$-2,706,345
2022	$2,081,927	$1,682,327	$3,132,854	$399,600
2021	$2,053,635	$1,553,528	$2,736,905	$500,107
2020	$2,048,744	$1,545,526	$2,213,209	$503,218
2019	$1,910,988	$1,358,951	$1,864,261	$552,037
2018	$1,591,262	$1,291,760	$1,582,998	$299,502

Centennial Village Corporation