FRIENDS OF CHARLIES PLACE

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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

Katheen Aspaugh

Phone

3037100749

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF CHARLIES PLACE, founded in 2007, is a small nonprofit in the Animal-Related sector that reported $205K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 36% operating margin.

Mission

Partner with Clear Creek Gilpin Animal Shelter to support the physical behavioral and emotional needs of the shelter animals and to alleviate the suffering of the animals within the community.

Program Service Accomplishments

Program 1

Expenses: $100,286 Revenue: $0

Shelter - We provide food and medical care including spay and neuter programs for the animals at Clear Creek Gilpin Animal shelter and our foster animals.

Program 2

Expenses: $19,402 Revenue: $0

Citizen - Provide funding for citizen spay and neuters. We provide funding for emergency medical care for citizen animals

Program 3

Expenses: $1,117 Revenue: $0

Events - Shamrock Shenanigans - 300; Canine on the Creek - 18.97; Howl at the Moon - 575; Furling Fest - 22.57

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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 (2025)

Revenue Breakdown

Contributions & Grants $202,851

Program Service Revenue $0

Investment Income $1,663

Other Revenue $0

TOTAL REVENUE $204,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,805

Other Expenses $130,583

TOTAL EXPENSES $130,583

Year-over-Year Comparison

	2025	2024	Change
Revenue	$204,514	$158,543	+0.3%
Expenses	$130,583	$110,826	+0.2%
Net Income	$73,931	$47,717	+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

N/A

Employees

N/A

Volunteers

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
Kathleen Ashpaugh	President	25.00	Officer	$0	$0	$0
Joyce White	Treasurer	25.00	Officer	$0	$0	$0
Donna Gee	Secretary	5.00	Officer	$0	$0	$0
Troy Denison	VP	5.00	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
2025	$204,514	$130,583	$741,467	$73,931
2024	No data	No data	No data	No data
2023	$117,554	$117,582	$426,385	$-28
2022	$112,588	$94,629	$363,573	$17,959
2021	$116,062	$118,982	$343,662	$-2,920
2020	$84,960	$105,979	$347,240	$-21,019
2019	$136,506	$88,871	$365,900	$47,635