CHARITY MOTORS INC (EIN 383251827) - 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

1995

Legal Domicile

Phone

3139334000

Tax Period

2023-01-01 to 2023-12-31

CHARITY MOTORS INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $496K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $996K exceeded revenue, resulting in a 101% operating deficit.

Mission

TO PROVICE TRANSPORTATION TO LOW-INCOME INDIVIDUALS AT BELOW FAIR MARKET VALUE.

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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 $458,408

Program Service Revenue $3,675

Investment Income $2,246

Other Revenue $31,915

TOTAL REVENUE $496,244

Expense Breakdown

Grants Paid $46,727

Salaries & Benefits $485,542

Fundraising Expenses $140,032

Program Expenses $500

Other Expenses $463,777

TOTAL EXPENSES $996,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$496,244	$1,137,116	-0.6%
Expenses	$996,046	$668,330	+0.5%
Net Income	$-499,802	$468,786	-2.1%

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

Governance

Voting Members

Independent Members

Employees

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
STEPHEN HENDRIX	OPERATIONS DIRECTOR	40.00	Officer	$0	$0	$0
NORMAN A YATOOMA	PRESIDENT & CHAIRMAN	20.00	Officer Director	$0	$0	$0
EDWIN MURRAY	TREASURER	5.00	Officer Director	$0	$0	$0
BOBBY IVORY JR	VICE-CHAIRMAN	5.00	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
2023	$496,244	$996,046	$1,670,830	$-499,802
2022	$1,137,116	$1,537,862	$2,140,495	$-400,746
2021	$4,106,535	$3,985,210	$2,508,278	$121,325
2020	$4,110,068	$3,849,472	$2,484,117	$260,596
2019	$5,160,862	$5,220,201	$2,214,406	$-59,339
2018	$5,913,472	$6,837,210	$2,362,409	$-923,738

CHARITY MOTORS INC