FOUNDATION FOR THE CHALLENGED

EIN: 010619670 501(c)(3) Human Services

DUBLIN, OH

Total Revenue
$1,976,964
Total Expenses
$2,155,749
Total Assets
$25,773,951
Net Assets
$20,478,844
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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
2002
Legal Domicile
OH
Principal Officer
KATHERINE STREBLO
Phone
6143894501
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR THE CHALLENGED, founded in 2002, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $20.5M represent 124 months of operating reserves.

Mission

TO IMPROVE THE EVERYDAY LIFE EXPERIENCES OF PEOPLE WITH DEVELOPMENTAL DISABILITIES THROUGH PROVIDING MORE CHOICE IN LIVING OPTIONS AND CHANGING PUBLIC PERCEPTION.

Program Service Accomplishments

Program 1
Expenses: $1,781,996 Revenue: $1,694,146

OWN AND LEASE 100 SINGLE-FAMILY RESIDENTIAL HOMES IN CA, FL, IA, MN, NE, NJ, OH, TN, TX, WA, WV THAT HOUSE LOW-INCOME INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND ORGANIZATIONS THAT SUPPORT THEM.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $246,602
Program Service Revenue $1,694,016
Investment Income $36,216
Other Revenue $130
TOTAL REVENUE $1,976,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,614
Fundraising Expenses $0
Program Expenses $1,781,996
Other Expenses $1,936,135
TOTAL EXPENSES $2,155,749

Year-over-Year Comparison

2023 2022 Change
Revenue $1,976,964 $1,695,974 +0.2%
Expenses $2,155,749 $2,178,184 0.0%
Net Income $-178,785 $-482,210 -0.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
9

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
6
$122,572
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE EASTERDAY PRESIDENT 0.50
Officer Director
$0 $0 $0
JACKIE BEIRNE TREASURER 0.50
Officer Director
$0 $0 $0
BRIAN GRANEY SECRETARY 0.50
Officer Director
$0 $0 $0
ALEX ARNOLD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
ERNIE FISCHER BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE MCGOVERN BOARD MEMBER 0.50
Director
$0 $0 $0
CONNER MCCLURE BOARD MEMBER 0.50
Director
$0 $0 $0
DIANE STONER BOARD MEMBER 0.50
Director
$0 $0 $0
DOMINIC DICAMILLO EMERITUS 0.50
Director
$0 $0 $0
KATHY STREBLO EXECUTIVE DIRECTOR 35.00
Officer
$122,572 $0 $122,572
JIM MARTIN CFO 5.00
Officer
$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 $1,976,964 $2,155,749 $25,773,951 $-178,785
2022 $1,695,974 $2,178,184 $26,089,394 $-482,210
2021 $3,121,567 $1,981,558 $27,290,711 $1,140,009
2020 $4,920,945 $2,064,813 $26,386,174 $2,856,132
2019 $3,633,123 $2,114,210 $23,292,848 $1,518,913
2018 $2,676,656 $2,124,153 $22,058,551 $552,503
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