CHARLESTON CHAPTER OF CHUMS INC (EIN 320239401) - 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

2016

Legal Domicile

Principal Officer

CHERYL L MERRITT

Tax Period

2023-07-01 to 2024-06-30

CHARLESTON CHAPTER OF CHUMS INC, founded in 2016, is a micro nonprofit in the Youth Development sector that reported $18K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 18% operating deficit.

Mission

OUR MISSION IS TO PROVIDE FUNDRAISER FOR THE THE BENIFITS OF CHILDREN. OUR FOCUS IS ON THE ART FOR CHILDREN THAT OTHERWISE WOULD NOT BE ABLE TO EXPERIENCE THAT AREA OF THEIR LIFE

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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 $18,166

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,401

Other Expenses $21,401

TOTAL EXPENSES $21,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,166	$29,696	-0.4%
Expenses	$21,401	$19,934	+0.1%
Net Income	$-3,235	$9,762	-1.3%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL WELLS	CORRESPONDING SECRETARY	1.00	Officer	$0	$0	$0
MARCIA GREEN	FINANCIAL SECRETARY	1.00	Officer	$0	$0	$0
CAROLYN HUNTER HEYWARD	FINANCIAL SECRETARY	1.00	Officer	$0	$0	$0
CHERYL L MERRITT	PRESIDENT	2.00	Officer Key Emp	$0	$0	$0
RUTHIE WALKER	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
DURENA STINSON	VICE PRESIDENT	1.00	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	$18,166	$21,401	$27,574	$-3,235
2023	$29,696	$19,934	$30,809	$9,762
2021	$18,195	$13,065	$15,525	$5,130
2020	$24,179	$25,604	$10,395	$-1,425

CHARLESTON CHAPTER OF CHUMS INC