CHARTWAY PROMISE FOUNDATION

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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

2005

Legal Domicile

Principal Officer

CHRISTINE WILSON

Phone

7572337111

Tax Period

2024-01-01 to 2024-12-31

CHARTWAY PROMISE FOUNDATION, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 9% surplus.

Mission

CHARTWAY PROMISE FOUNDATION TO PROVIDE MEDICALLY FRAGILE CHILDEN AND THEIR FAMILIES MEMORABLE EXPERIENCES THAT BRING JOY, HOPE AND SMILES.

Program Service Accomplishments

Program 1

Expenses: $1,099,465

PROVIDE FUNDING FOR MEMORABLE EXPERIENCES FOR MEDICALLY FRAGILE CHILDREN AND THEIR FAMILIES THAT BRING JOY, HOPE AND SMILES.

Program 2

N/A

Program 3

N/A

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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 $1,234,597

Program Service Revenue $0

Investment Income $25,059

Other Revenue $-11,143

TOTAL REVENUE $1,248,513

Expense Breakdown

Grants Paid $1,083,000

Salaries & Benefits $0

Fundraising Expenses $32,583

Program Expenses $1,099,465

Other Expenses $54,894

TOTAL EXPENSES $1,137,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,248,513	$1,146,778	+0.1%
Expenses	$1,137,894	$1,043,179	+0.1%
Net Income	$110,619	$103,599	+0.1%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE BROWN	DIRECTOR	1.25	Director	$0	$0	$0
THERESA DELP	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
WAYNE FOSHAY	BOARD CHAIRMAN	2.50	Officer Director	$0	$0	$0
JERRY FROSTICK	BOARD VICE CHAIR	1.25	Officer Director	$0	$0	$0
BOB SINCLAIR JR	DIRECTOR	1.25	Director	$0	$0	$0
RICHARD MCGRATH	DIRECTOR	1.25	Director	$0	$0	$0
NANCY MCMAHON	DIRECTOR	1.25	Director	$0	$0	$0
TYLER QUIGLEY	DIRECTOR	1.25	Director	$0	$0	$0
BRIAN T SCHOOLS	DIRECTOR	2.00	Director	$0	$0	$0
LARA SHIELDS	DIRECTOR	1.25	Director	$0	$0	$0
PAUL ANNUNZIATA	TREASURER	1.25	Officer Director	$0	$0	$0
MELINDA BARBISH	DIRECTOR	1.25	Director	$0	$0	$0
TOM BARTON	DIRECTOR	1.25	Director	$0	$0	$0
REBECCA RIORDAN	DIRECTOR	1.25	Director	$0	$0	$0
MELISSA CADE	DIRECTOR	2.00	Director	$0	$0	$0
CAMDEN SELIG	DIRECTOR	1.25	Director	$0	$0	$0
CHRISTINE WILSON	PRESIDENT	40.00	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	$1,248,513	$1,137,894	$387,519	$110,619
2023	$1,146,778	$1,043,179	$321,705	$103,599
2022	$898,239	$856,777	$878,127	$41,462
2021	$700,259	$693,221	$726,568	$7,038
2020	$541,900	$624,772	$60,433	$-82,872
2019	$976,015	$877,930	$142,499	$98,085
2018	$733,347	$761,138	$44,414	$-27,791