THE CHALLENGE PROGRAM INC (EIN 201644028) - 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

BARBARA GRANDINETTI

Phone

8145337401

Tax Period

2023-07-01 to 2024-06-30

THE CHALLENGE PROGRAM INC, founded in 2004, is a community nonprofit in the Youth Development sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 4% surplus.

Mission

THE CHALLENGE PROGAM, INC. IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO MOTIVATE HIGH SCHOOL STUDENTS TO DEVELOP THE HABITS REQUIRED TO SUCCEED IN SCHOOL AND IN THEIR CAREERS BY BUILDING BUSINESS/EDUCATION PARTNERSHIPS.

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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 $1,686,525

Program Service Revenue $0

Investment Income $18,133

Other Revenue $66,512

TOTAL REVENUE $1,771,170

Expense Breakdown

Grants Paid $428,682

Salaries & Benefits $994,417

Fundraising Expenses $507,988

Program Expenses $1,023,492

Other Expenses $271,296

TOTAL EXPENSES $1,694,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,771,170	$1,467,082	+0.2%
Expenses	$1,694,395	$1,424,649	+0.2%
Net Income	$76,775	$42,433	+0.8%

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

Volunteers

125

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

$247,753

Total Directors

$142,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS ZATLIN	CHAIRMAN	10.00	Officer Director	$0	$0	$0
DANIEL PERKINS	CHAIRMAN EME	4.00	Officer Director	$0	$0	$0
ANTHONY BUCCI	VICE CHAIR.	4.00	Officer Director	$0	$0	$0
JOHNATHAN GARLOW	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER HOWE	DIRECTOR	4.00	Director	$0	$0	$0
DEBBIE COVER	DIRECTOR	4.00	Director	$0	$0	$0
MICHELE LINDEMANN	DIRECTOR	4.00	Director	$0	$0	$0
CLARK ADELMAN	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER STOCKDALE	DIRECTOR	4.00	Director	$0	$0	$0
BARBARA GRANDINETTI	PRESIDENT	40.00	Officer Director	$122,665	$20,040	$142,705
KAREN ROBATIN	CFO/SECRETAR	40.00	Officer	$94,325	$10,723	$105,048

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	$1,771,170	$1,694,395	$1,438,030	$76,775
2023	$1,467,082	$1,424,649	$1,029,080	$42,433
2022	$1,484,460	$1,284,112	$908,815	$200,348
2021	$1,303,378	$1,129,609	$809,150	$173,769
2020	$1,267,249	$1,326,024	$590,480	$-58,775
2019	$1,131,054	$1,212,349	$514,275	$-81,295

THE CHALLENGE PROGRAM INC