CHILDRENS CHARITIES AT ADIOS

EIN: 382924503 501(c)(3) Human Services

CLINTON TOWNSHIP, MI

Total Revenue
$344,190
Total Expenses
$345,571
Total Assets
$117,450
Net Assets
$117,450
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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
1990
Legal Domicile
MI
Principal Officer
ANTHONY GALBO
Tax Period
2023-01-01 to 2023-12-31

CHILDRENS CHARITIES AT ADIOS, founded in 1990, is a small nonprofit in the Human Services sector that reported $344K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

FUND RAISING FOR CHILDRENS CHARITIES

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $157,190
Program Service Revenue $185,287
Investment Income $1,713
Other Revenue $0
TOTAL REVENUE $344,190

Expense Breakdown

Grants Paid $117,300
Salaries & Benefits $0
Fundraising Expenses $222,565
Program Expenses $117,300
Other Expenses $228,271
TOTAL EXPENSES $345,571

Year-over-Year Comparison

2023 2022 Change
Revenue $344,190 $281,918 +0.2%
Expenses $345,571 $260,711 +0.3%
Net Income $-1,381 $21,207 -1.1%
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

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Governance

Voting Members
20
Independent Members
20
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
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER TALLERICO DIRECTOR 0.00
Director
$0 $0 $0
JEFFREY R LAETHEM DIRECTOR 0.00
Director
$0 $0 $0
NICK GIORGIO DIRECTOR 0.00
Director
$0 $0 $0
JOSEPH VICARI DIRECTOR 0.00
Director
$0 $0 $0
JON P TALLERICO DIRECTOR 0.00
Director
$0 $0 $0
DANIEL KILBERG DIRECTOR 0.00
Director
$0 $0 $0
NICK MONFORTON DIRECTOR 0.00
Director
$0 $0 $0
ANTHONY VITELLO DIRECTOR 0.00
Director
$0 $0 $0
MARC HAMES DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL GIORGIO DIRECTOR 0.00
Director
$0 $0 $0
PATRICK CONNELLY DIRECTOR 0.00
Director
$0 $0 $0
ANTHONY GIORGIO JR DIRECTOR 0.00
Director
$0 $0 $0
P MARTIN MONFORTON DIRECTOR 0.00
Director
$0 $0 $0
ALPHONSE SANTINO DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL SANTI DIRECTOR 0.00
Director
$0 $0 $0
LEO SALVAGGIO DIRECTOR 0.00
Director
$0 $0 $0
JOHN BERTAKIS SECRETARY 0.00
Officer Director
$0 $0 $0
JACK TALLERICO JR VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
ANTHONY GALBO PRESIDENT 0.00
Officer Director
$0 $0 $0
FRANK GIORGIO TREASURER 0.00
Officer 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
2024 No data No data No data No data
2023 $344,190 $345,571 $117,450 $-1,381
2022 $281,918 $260,711 $118,831 $21,207
2021 $489,233 $441,279 $97,624 $47,954
2020 $188,593 $186,197 $49,670 $2,396
2019 $220,488 $226,659 $47,274 $-6,171
2018 $206,455 $222,828 $53,445 $-16,373
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