CHELSEA IMPROVEMENT TRUST (EIN 201611981) - 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

2004

Legal Domicile

Principal Officer

Jared Gavit

Phone

9187441919

Tax Period

2023-01-01 to 2023-12-31

CHELSEA IMPROVEMENT TRUST, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $49K in total revenue in fiscal year 2023. Revenue surged 353% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 86% operating margin.

Mission

To provide funds for the furtherance and accomplishment of any authorized and proper public function or purpose of the Town of Chelsea, Oklahoma including, but not limited to, funding operating expenses and improving buildings, infrastructure, rolling stock, and facilities of Chelsea, Oklahoma

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $49,276

Other Revenue $0

TOTAL REVENUE $49,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $6,963

TOTAL EXPENSES $6,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,276	$10,888	+3.5%
Expenses	$6,963	$6,683	+0.0%
Net Income	$42,313	$4,205	+9.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jared Gavit	Trustee	1	Director	$0	$0	$0
Larry Copeland	Trustee	1.00	Director	$0	$0	$0
Lisa Wooten	Trustee	1.00	Director	$0	$0	$0
Terry Helms	Trustee	1.00	Director	$0	$0	$0
Jarrod Holman	Trustee	1	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$49,276	$6,963	$1,764,195	$42,313
2022	$10,888	$6,683	$1,672,248	$4,205
2021	$106,765	$6,081	$1,813,215	$100,684
2020	$16,188	$36,358	$1,756,074	$-20,170

CHELSEA IMPROVEMENT TRUST