CHIP INC (EIN 222632040) - 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

1984

Legal Domicile

Principal Officer

KAY WHITNER

Phone

2973809276

Tax Period

2024-01-01 to 2024-12-31

CHIP INC, founded in 1984, is a small nonprofit that reported $404K in total revenue in fiscal year 2024. The organization ran a surplus of $71K, a strong 18% operating margin.

Mission

LOW INCOME SHELTER NEEDS NEIGHBORS HELPING NEIGHBORS KEEP THEIR HOMES SAFE, WARM AND DRY

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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 $336,808

Program Service Revenue $0

Investment Income $50,779

Other Revenue $15,983

TOTAL REVENUE $403,570

Expense Breakdown

Grants Paid $269,306

Salaries & Benefits $43,975

Fundraising Expenses $3,965

Program Expenses $317,822

Other Expenses $19,178

TOTAL EXPENSES $332,459

Year-over-Year Comparison

	2024	2023	Change
Revenue	$403,570	$387,293	+0.0%
Expenses	$332,459	$256,781	+0.3%
Net Income	$71,111	$130,512	-0.5%

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

150

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

$39,390

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD CRAIG	PRESIDENT	4	Officer Director	$0	$0	$0
RICHARD MARCHI	VICE PRESIDENT	1	Officer Director	$0	$0	$0
JENNIFER PENDL	FINANCIAL SECY	3	Officer Director	$0	$0	$0
LINDA SCHAFFER	RECORDING SECY	1	Officer Director	$0	$0	$0
JULIE TENAN	CORRESPOND SEC	1	Officer Director	$0	$0	$0
KAY WHITNER	TREASURER	3	Officer Director	$0	$0	$0
BRITTANY GILL	COORDINATOR	8	Key Emp	$39,390	$0	$39,390
JAKE ABBOT	DIRECTOR	1	Director	$0	$0	$0
RANDY DOMINA	DIRECTOR	1	Director	$0	$0	$0
SARAH KENNEDY	DIRECTOR	1	Director	$0	$0	$0
RICH MARDOIAN	DIRECTOR	1	Director	$0	$0	$0
HANNAH MCGHEE	DIRECTOR	1	Director	$0	$0	$0
TIM MELLON	DIRECTOR	1	Director	$0	$0	$0
RUTH PIPER	DIRECTOR	1	Director	$0	$0	$0
DAVID RAY	DIRECTOR	1	Director	$0	$0	$0
LAURA SPROUL-S	DIRECTOR	1	Director	$0	$0	$0
JIM SWAN	DIRECTOR	1	Director	$0	$0	$0
JULIE TENAN	DIRECTOR	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
2024	$403,570	$332,459	$571,406	$71,111
2023	$387,293	$256,781	$500,028	$130,512
2022	$285,132	$396,080	$369,516	$-110,948
2021	$306,952	$287,169	$480,465	$19,783
2020	$219,792	$175,992	$460,683	$43,800
2019	$177,777	$177,089	$416,883	$688

CHIP INC