CHARLOTTE MASON ASSOCIATION OF DETROIT (EIN 383619584) - 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

2001

Legal Domicile

Principal Officer

Keith Buford

Phone

3133383481

Tax Period

2024-08-01 to 2025-07-31

CHARLOTTE MASON ASSOCIATION OF DETROIT, founded in 2001, is a small nonprofit in the Education sector that reported $792K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 38% operating margin.

Mission

CHARLOTTE MASON ASSOCIATION OF DETROIT (DBA CHARLOTTE MASON COMMUNITY SCHOOLS) PROVIDES EDUCATION FOR CHILDREN AND SUPPORTS PROGRAMS CONSISTENT WITH THE MODEL AND PHILOSOPHY OF CHARLOTTE MASON.

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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 $401,098

Program Service Revenue $390,628

Investment Income $0

Other Revenue $0

TOTAL REVENUE $791,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,912

Fundraising Expenses $22,269

Program Expenses $444,361

Other Expenses $157,487

TOTAL EXPENSES $490,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$791,726	$550,356	+0.4%
Expenses	$490,399	$499,976	0.0%
Net Income	$301,327	$50,380	+5.0%

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

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
April Whiteside	Board Member	10	Director	$0	$0	$0
Fikre Prince	Board Officer	10	Officer	$0	$0	$0
Keith Buford	Treasurer	10	Officer	$0	$0	$0
Kathleen Sly	Secretary	10	Officer	$0	$0	$0
William Garfield	Board President	10	Officer	$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	$791,726	$490,399	$596,145	$301,327
2024	$550,356	$499,976	$358,361	$50,380
2023	$446,784	$608,391	$368,537	$-161,607
2022	$450,147	$1,007,078	$448,127	$-556,931
2021	$697,685	$796,437	$1,002,531	$-98,752
2020	$1,531,142	$514,020	$1,393,101	$1,017,122
2018	$391,721	$412,974	$60,267	$-21,253

CHARLOTTE MASON ASSOCIATION OF DETROIT