CANOPY COMMUNITIES CORPORATION (EIN 954569973) - 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

1995

Legal Domicile

Principal Officer

CANDACE LEASURE

Phone

7149745509

Tax Period

2024-01-01 to 2024-12-31

CANOPY COMMUNITIES CORPORATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $693K in total revenue in fiscal year 2024. Expenses of $899K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE CORPORATION IS TO EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME INDIVIDUALS AND FAMILIES BY PROVIDING SAFE, QUALITY, AND DECENT HOUSING AT AFFORDABLE RENTS.

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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 $0

Program Service Revenue $522,452

Investment Income $170,304

Other Revenue $0

TOTAL REVENUE $692,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $885,340

Other Expenses $898,817

TOTAL EXPENSES $898,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$692,756	$665,537	+0.0%
Expenses	$898,817	$166,319	+4.4%
Net Income	$-206,061	$499,218	-1.4%

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
CANDACE LEASURE	TREASURER	1.00	Officer Director	$0	$0	$0
TRACEY THORPE	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLINA ROMO	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JILL JONES	DIRECTOR	1.00	Director	$0	$0	$0
BRIGITTE TWEDDELL	DIRECTOR	1.00	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
2024	$692,756	$898,817	$3,452,975	$-206,061
2023	$665,537	$166,319	$3,652,404	$499,218
2022	$510,553	$140,867	$3,134,951	$369,686
2021	$599,272	$109,053	$2,765,665	$490,219
2020	$582,983	$192,912	$2,279,349	$390,071
2019	$289,999	$180,447	$1,866,705	$109,552
2018	$535,441	$206,481	$1,793,229	$328,960

CANOPY COMMUNITIES CORPORATION