C C CHOFFIN TRUST (EIN 346522029) - 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

1957

Legal Domicile

Principal Officer

Franklin S Bennett Jr

Phone

3307431171

Tax Period

2024-01-01 to 2024-12-31

C C CHOFFIN TRUST, founded in 1957, is a small nonprofit that reported $122K in total revenue in fiscal year 2024. Revenue surged 335% from the prior year, signaling strong growth momentum. Expenses of $107K left a modest 12% surplus.

Mission

As authorized by the Last Will and Testament of C. C. Choffin, The Trustees make distribution of trust income and principal to the Board of Education of the Youngstown (Ohio) City School District for the purposes of maintaining, operating, and equipping the C. C. Choffin Career and Technical Center.

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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 $0

Program Service Revenue $0

Investment Income $121,574

Other Revenue $0

TOTAL REVENUE $121,574

Expense Breakdown

Grants Paid $63,587

Salaries & Benefits $12,441

Fundraising Expenses $0

Program Expenses $63,587

Other Expenses $30,920

TOTAL EXPENSES $106,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,574	$27,964	+3.3%
Expenses	$106,948	$103,464	+0.0%
Net Income	$14,626	$-75,500	-1.2%

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

$12,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Franklin S Bennett Jr	Trustee	0.25	Director	$4,147	$0	$4,147
Philip B Dennison	Trustee	0.25	Director	$4,147	$0	$4,147
Douglas J Lumsden Jr	Trustee	0.25	Director	$4,147	$0	$4,147

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	No data	No data	No data	No data
2024	$121,574	$106,948	$1,806,244	$14,626
2023	$27,964	$103,464	$1,740,892	$-75,500
2022	$188,008	$105,617	$1,811,368	$82,391
2021	$148,746	$90,394	$1,989,754	$58,352
2020	$-608	$102,788	$1,553,331	$-103,396

C C CHOFFIN TRUST