CVS HEALTH CHARITY CLASSIC INC

EIN: 050508742 501(c)(3)

WOONSOCKET, RI

Total Revenue
$62
Total Expenses
$87
Total Assets
N/A
Net Assets
N/A
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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
1999
Legal Domicile
RI
Principal Officer
FAITH WEINER
Phone
4017651500
Tax Period
2024-01-01 to 2024-08-08

CVS HEALTH CHARITY CLASSIC INC, founded in 1999, is a micro nonprofit that reported $62 in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $87 exceeded revenue, resulting in a 40% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ORGANIZE AND CONDUCT FUNDRAISING EVENTS IN ORDER TO RAISE MONEY TO MAKE CHARITABLE CONTRIBUTIONS TO ORGANIZATIONS THAT ARE EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND WHOSE TAX EXEMPT PURPOSES RELATES DIRECTLY OR INDIRECTLY TO THE HEALTH EDUCATION AND/OR GENERAL WELFARE OF THE GENERAL PUBLIC.

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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 $62
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $62

Expense Breakdown

Grants Paid $87
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87
Other Expenses $0
TOTAL EXPENSES $87

Year-over-Year Comparison

2024 2023 Change
Revenue $62 $300 -0.8%
Expenses $87 $908,461 -1.0%
Net Income $-25 $-908,161 -1.0%
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
3
Independent Members
3
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
5
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FAITH WEINER PRESIDENT/DIRECTOR 0.00
Officer Director
$0 $0 $0
THOMAS S MOFFATT VICE PRES/SEC/DIR 0.00
Officer Director
$0 $0 $0
ROLFE HUBLEY DIRECTOR 0.00
Director
$0 $0 $0
CAROL A DENALE VICE PRESIDENT/ TREASURER 0.00
Officer
$0 $0 $0
JOSHUA C COLE ASSISTANT TREASURER 0.00
Officer
$0 $0 $0
MELANIE K ST ANGELO ASSISTANT SECRETARY 0.00
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 $62 $87 No data $-25
2023 $300 $908,461 $100,025 $-908,161
2022 $6,856 $341,569 $1,018,799 $-334,713
2021 $1,618,500 $1,628,000 $1,599,387 $-9,500
2020 $2,120,100 $1,502,500 $1,678,584 $617,600
2019 $1,122,457 $1,002,000 $842,606 $120,457
2018 $705,341 $885,600 $755,365 $-180,259
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