CHALLENGE INDUSTRIES INC (EIN 160956917) - 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

1968

Legal Domicile

Principal Officer

PHILIP YUDT

Phone

6072728990

Tax Period

2024-01-01 to 2024-12-31

CHALLENGE INDUSTRIES INC, founded in 1968, is a community nonprofit in the Employment sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 10% surplus.

Mission

VOCATIONAL REHABILITATION

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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 $174,130

Program Service Revenue $3,504,046

Investment Income $43,084

Other Revenue $1,653,378

TOTAL REVENUE $5,374,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,674,066

Fundraising Expenses $0

Program Expenses $2,691,863

Other Expenses $2,186,040

TOTAL EXPENSES $4,860,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,374,638	$3,379,536	+0.6%
Expenses	$4,860,106	$3,375,161	+0.4%
Net Income	$514,532	$4,375	+116.6%

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

Governance

Voting Members

Independent Members

Employees

206

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

$262,311

Total Directors

$262,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN CONNELY	PRESIDENT AND CEO	40.00	Officer Director	$240,240	$22,071	$262,311
KATHIE KENT	MEMBER	3.00	Officer Director	$0	$0	$0
PHILLIP PJ YUDT	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
ASHLEY BURKE	MEMBER	3.00	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	$5,374,638	$4,860,106	$4,947,608	$514,532
2023	$3,379,536	$3,375,161	$4,102,027	$4,375
2022	$4,448,766	$3,086,994	$4,165,968	$1,361,772
2021	$3,875,839	$3,343,816	$2,963,866	$532,023
2020	$4,447,194	$4,451,432	$2,312,772	$-4,238
2019	$5,447,962	$5,401,989	$2,269,595	$45,973
2018	$6,021,191	$6,078,633	$2,280,305	$-57,442

CHALLENGE INDUSTRIES INC