CharacterWorks Inc

EIN: 030416976 501(c)(3) Youth Development

Richmond, VA

Total Revenue
$1,408,285
Total Expenses
$1,151,696
Total Assets
$531,323
Net Assets
$531,323
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
VA
Principal Officer
Michael D George
Phone
8049192734
Tax Period
2024-07-01 to 2025-06-30

CharacterWorks Inc, founded in 2002, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 18% operating margin.

Mission

CharacterWorks is an afterschool theater arts youth program for ages 4-19. We strive to build character in kids and adults by creating community through quality theater classes, camps, and by producing stage plays and musicals for the community at large.

Program Service Accomplishments

Program 1
Expenses: $307,564 Revenue: $519,147

Classes and Camps: CharacterWorks conducted theater arts classes during the school year and theater camps during the summer. The Organization conducted classes over the fall, winter and spring...

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Classes and Camps: CharacterWorks conducted theater arts classes during the school year and theater camps during the summer. The Organization conducted classes over the fall, winter and spring sessions with a combined total of 1170 students. Our summer camp musical theater program ran from June-August with 539 students.

Program 2
Expenses: $583,826 Revenue: $557,936

Musical Productions: CharacterWorks produced 8 main stage broadway-style musicals this past season utilizing student actors and performed for a combined audience of 16,525 in a total of 46...

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Musical Productions: CharacterWorks produced 8 main stage broadway-style musicals this past season utilizing student actors and performed for a combined audience of 16,525 in a total of 46 performances.

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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 (2024)

Revenue Breakdown

Contributions & Grants $296,531
Program Service Revenue $1,077,083
Investment Income $5
Other Revenue $34,666
TOTAL REVENUE $1,408,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $595,921
Fundraising Expenses $4,699
Program Expenses $891,390
Other Expenses $555,775
TOTAL EXPENSES $1,151,696

Year-over-Year Comparison

2024 2023 Change
Revenue $1,408,285 $1,008,111 +0.4%
Expenses $1,151,696 $1,139,430 +0.0%
Net Income $256,589 $-131,319 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
45
Volunteers
64

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
4
$94,150
Total Directors
7
$39,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael D George Chairman/ Finance Director 40.00
Officer Director
$39,500 $0 $39,500
Paul Peterson Vice Chairman 2.00
Officer Director
$0 $0 $0
Jennifer Fitch Secretary 2.00
Officer Director
$0 $0 $0
Shannon Easter Member 1.00
Director
$0 $0 $0
Brenda Lindsay Member 1.00
Director
$0 $0 $0
Biff Pusey Member 1.00
Director
$0 $0 $0
Chris Spahr Member 1.00
Director
$0 $0 $0
Brooke Abrahamsen Executive Artistic Director 40.00
Officer
$54,650 $0 $54,650
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 $1,408,285 $1,151,696 $531,323 $256,589
2024 $1,008,111 $1,139,430 $274,734 $-131,319
2024 $1,408,285 $1,151,696 $531,323 $256,589
2023 $972,509 $941,593 $406,053 $30,916
2022 $826,506 $783,387 $375,137 $43,119
2021 $478,263 $465,193 $332,018 $13,070
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