CHARITABLE UNION (EIN 381405611) - 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

1963

Legal Domicile

Principal Officer

TERESA ALLEN

Phone

2699647234

Tax Period

2024-01-01 to 2024-12-31

CHARITABLE UNION, founded in 1963, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

SERVING CHILDREN AND FAMILIES IN NEED IN THE CALHOUN COUNTY, MICHIGAN AREA.

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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 $2,612,079

Program Service Revenue $7,317

Investment Income $46,864

Other Revenue $142,647

TOTAL REVENUE $2,808,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,223

Fundraising Expenses $33,587

Program Expenses $2,689,881

Other Expenses $2,511,062

TOTAL EXPENSES $2,854,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,808,907	$3,119,419	-0.1%
Expenses	$2,854,285	$2,837,831	+0.0%
Net Income	$-45,378	$281,588	-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

Volunteers

1237

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

$90,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA ALLEN	EXECUTIVE DI	40.00	Officer	$90,486	$0	$90,486
PATRICE LEWIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER PHELPS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RACHEL MORELAND	SECRETARY	2.00	Officer Director	$0	$0	$0
MANOUK MANKERIAN	TREASURER	2.00	Officer Director	$0	$0	$0
ANN BAKKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY TODD	DIRECTOR	1.00	Director	$0	$0	$0
DIANE RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK SALSBURY	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$2,808,907	$2,854,285	$1,835,307	$-45,378
2023	$3,119,419	$2,837,831	$1,876,864	$281,588
2022	$2,579,209	$2,534,231	$1,581,458	$44,978
2021	$2,126,118	$1,976,904	$1,533,905	$149,214
2020	$1,820,624	$1,663,037	$1,382,544	$157,587
2019	$2,812,976	$2,796,610	$1,230,683	$16,366
2018	$2,509,611	$2,371,688	$1,216,202	$137,923

CHARITABLE UNION