CHAPTER ONE NFP

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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

1993

Legal Domicile

Principal Officer

SETH J WEINBERGER

Phone

8009753452

Tax Period

2023-08-01 to 2024-07-31

CHAPTER ONE NFP, founded in 1993, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2023.

Mission

THE MISSION OF CHAPTER ONE NFP IS TO PROVIDE TOOLS AND SERVICES FOR BEGINNING LITERACY.

Program Service Accomplishments

Program 1

Expenses: $7,697,438 Revenue: $6,828,202

CHAPTER ONE NFP OPERATES THE TUTORMATE PROGRAM WHICH CONNECTS VOLUNTEERS FROM MAJOR CORPORATIONS TO FIRST GRADE STUDENTS FOR 30 MINUTE READ TOGETHER SESSIONS EACH WEEK.

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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 $2,724,266

Program Service Revenue $6,828,202

Investment Income $-256,703

Other Revenue $0

TOTAL REVENUE $9,295,765

Expense Breakdown

Grants Paid $241,649

Salaries & Benefits $8,161,756

Fundraising Expenses $0

Program Expenses $7,697,438

Other Expenses $1,140,384

TOTAL EXPENSES $9,543,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,295,765	$8,978,676	+0.0%
Expenses	$9,543,789	$10,270,551	-0.1%
Net Income	$-248,024	$-1,291,875	-0.8%

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

566

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

$257,343

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH J WEINBERGER	DIRECTOR / PRESIDENT	50.00	Officer Director	$0	$0	$0
ALLAN ALSON	DIRECTOR / CHAIR	0.10	Director	$0	$0	$0
NOEL MASSIE	DIRECTOR	0.10	Director	$0	$0	$0
COLIN GREEN	DIRECTOR	0.10	Director	$0	$0	$0
TIMOTHY DALY	DIRECTOR	0.10	Director	$0	$0	$0
MARK FONTANA	DIRECTOR	0.10	Director	$0	$0	$0
PAUL GOREN	DIRECTOR	0.10	Director	$0	$0	$0
KIM WHITTEN	CHIEF OPERATING OFFICER	40.00	Key Emp	$257,343	$0	$257,343
CATHY GALEOTA	CHIEF CONTENT OFFICER	40.00	Highest	$212,571	$0	$212,571
NAILA AHMAD	SOFTWARE DEVELOPER	40.00	Highest	$136,425	$0	$136,425
TOM OLVER	SALES AND MARKETING	40.00	Highest	$141,178	$0	$141,178
BRIAN HIDES	DIRECTOR OF IT	40.00	Highest	$153,424	$0	$153,424
ANDREW MARKLEY	SOFTWARE DEVELOPER	40.00	Highest	$131,000	$0	$131,000

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	$9,295,765	$9,543,789	$2,137,363	$-248,024
2023	$8,978,676	$10,270,551	$2,691,184	$-1,291,875
2022	$2,430,391	$6,656,661	$4,834,249	$-4,226,270
2021	$2,086,723	$3,261,760	$7,585,037	$-1,175,037
2020	$10,670,606	$2,699,475	$8,901,718	$7,971,131
2019	$3,418,606	$3,515,789	$546,325	$-97,183
2018	$1,808,164	$3,543,161	$651,178	$-1,734,997