CHALFONTE FOUNDATION

EIN: 383568149 501(c)(3) Human Services

Elk Rapids, MI

Total Revenue
$254,444
Total Expenses
$226,842
Total Assets
$1,232,958
Net Assets
$912,569
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MI
Principal Officer
Aaron Timlin
Phone
3138313139
Tax Period
2024-01-01 to 2024-12-31

CHALFONTE FOUNDATION, founded in 2000, is a small nonprofit in the Human Services sector that reported $254K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $227K left a modest 11% surplus.

Mission

The mission of the Chalfonte Foundation is to provide spiritual, psycho-social, recreational, financial and educational support for children, youth, families and their communities in need.

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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 (2024)

Revenue Breakdown

Contributions & Grants $79,491
Program Service Revenue $156,824
Investment Income $17,034
Other Revenue $1,095
TOTAL REVENUE $254,444

Expense Breakdown

Grants Paid $958
Salaries & Benefits $46,585
Fundraising Expenses $6,311
Program Expenses $200,531
Other Expenses $179,299
TOTAL EXPENSES $226,842

Year-over-Year Comparison

2024 2023 Change
Revenue $254,444 $375,723 -0.3%
Expenses $226,842 $300,131 -0.2%
Net Income $27,602 $75,592 -0.6%
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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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
20

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
$46,585
Total Directors
5
$46,585
Key Employees
2
$46,585
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Timlin CEO/President 80
Officer Director Key Emp
$0 $24,000 $24,000
Bri Hayes Vice President 20
Officer Director Key Emp
$14,585 $8,000 $22,585
Miles Rose Treasurer 1
Officer Director
$0 $0 $0
Kaylee Ross Secretary 1
Officer Director
$0 $0 $0
Yesmeen Mikhail Independent Director 1
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 $254,444 $226,842 $1,232,958 $27,602
2023 $375,723 $300,131 $1,200,677 $75,592
2022 $194,895 $82,481 $983,642 $112,414
2021 $139,270 $101,916 $880,380 $37,354
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