COREY'S CRUISE (EIN 995035541) - 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

2024

Legal Domicile

Principal Officer

KIP JOHNSTON

Phone

7246647625

Tax Period

2024-10-03 to 2025-09-30

COREY'S CRUISE, founded in 2024, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $125K in total revenue in fiscal year 2024. The organization ran a surplus of $118K, a strong 95% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO RAISE FUNDS TO BENEFIT FIRST RESPONDERS AND CHURCHES, AS A WAY OF KEEPING THE LEGACY OF COREY D. COMPERATORE ALIVE. COREY WAS DEDICATED TO HIS FAMILY, AND SELFLESSLY VOLUNTEERED HIS TIME TO HIS CHURCH AND THE LOCAL FIRE DEPARTMENT. BY HELPING THESE TYPES OF ORGANIZATIONS, WE FEEL THAT COREY'S LIFE AND MEMORY WILL LIVE ON BY PROVIDING NECESSARY FUNDING FOR EDUCATION, EQUIPMENT, OR OTHER NEEDS THE ORGANIZATIONS MAY HAVE.

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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 $152,450

Program Service Revenue $0

Investment Income $0

Other Revenue $-27,645

TOTAL REVENUE $124,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,410

Other Expenses $6,740

TOTAL EXPENSES $6,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,805	N/A	N/A
Expenses	$6,740	N/A	N/A
Net Income	$118,065	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIP JOHNSTON	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRISTOPHER LITI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JACQUELINE BOTT	TREASURER	10.00	Officer Director	$0	$0	$0
LEE ANN JOHNSTON	SECRETARY	3.00	Officer Director	$0	$0	$0
SCOTT DOCHERTY	DIRECTOR	1.00	Director	$0	$0	$0
GARY BURK III	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN WARHEIT	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN WARHEIT	DIRECTOR	1.00	Director	$0	$0	$0
BOB SIEBEL	DIRECTOR	1.00	Director	$0	$0	$0
MARK GORDON	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
2025	$124,805	$6,740	$118,065	$118,065

COREY'S CRUISE