CHALLENGE HOUSE INCORPORATED (EIN 260244301) - 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

2007

Legal Domicile

Principal Officer

MICHELLE WILSON

Phone

2708868887

Tax Period

2024-01-01 to 2024-12-31

CHALLENGE HOUSE INCORPORATED, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $106K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $149K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO BRING STABILITY TO INNER CITY NEIGHBORHOODS AT RISK BY GETTING TO KNOW THEM AND PROVIDING THE RESOURCES TO THESE INDIVIDUALS TO PROMOTE FAITH, HOPE AND LOVE IN ORDER TO BRING ABOUT NEEDED CHANGES

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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 $71,773

Program Service Revenue $19,750

Investment Income $14,959

Other Revenue $0

TOTAL REVENUE $106,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,203

Fundraising Expenses $0

Program Expenses $149,456

Other Expenses $84,173

TOTAL EXPENSES $149,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,482	$114,276	-0.1%
Expenses	$149,456	$146,043	+0.0%
Net Income	$-42,974	$-31,767	+0.4%

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

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	Role	Reportable Comp	Other Comp	Total
KAREN SHIELDS	CHAIRMAN	Officer Director	$0	$0	$0
CHARLIE HENDERSON	DIRECTOR	Director	$0	$0	$0
ZIRCONIA ALLEYNE	SECRETARY	Director	$0	$0	$0
VICE KILLEBREW	DIRECTOR	Director	$0	$0	$0
ROSEMARY BRADLEY	DIRECTOR	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	$106,482	$149,456	$982,671	$-42,974
2023	No data	$33,810	$777,292	No data
2023	$114,276	$146,043	$1,026,043	$-31,767
2022	$511,338	$134,038	$1,057,529	$377,300
2021	$145,920	$143,445	$680,443	$2,475
2021	No data	$22,499	$646,971	No data
2020	$131,776	$128,181	$677,864	$3,595
2019	$97,997	$157,554	$665,878	$-59,557
2018	$183,324	$178,814	$724,962	$4,510

CHALLENGE HOUSE INCORPORATED