CHOICE INCORPORATED (EIN 410955385) - 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

1969

Legal Domicile

Principal Officer

MICHAEL KRAINES

Phone

9524749510

Tax Period

2024-01-01 to 2024-12-31

CHOICE INCORPORATED, founded in 1969, is a community nonprofit in the Employment sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.6M left a modest 6% surplus.

Mission

TO PROVIDE EDUCATIONAL, VOCATIONAL, AND RECREATIONAL OPPORTUNITIES AND SUPPORT FOR INTELLECTUALLY DISABLED ADULTS.

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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 $94,328

Program Service Revenue $4,576,392

Investment Income $117,005

Other Revenue $59,354

TOTAL REVENUE $4,847,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,411,193

Fundraising Expenses $0

Program Expenses $3,907,439

Other Expenses $1,140,632

TOTAL EXPENSES $4,551,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,847,079	$4,343,281	+0.1%
Expenses	$4,551,825	$3,737,549	+0.2%
Net Income	$295,254	$605,732	-0.5%

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

125

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

$178,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK M FULLER	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHELLE VEITH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SHIRLEY CAVALLARO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK GIORDANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KRAINES	EXECUTIVE DIRECTOR	40.00	Officer	$152,022	$26,751	$178,773

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	$4,847,079	$4,551,825	$5,610,785	$295,254
2023	$4,343,281	$3,737,549	$5,327,435	$605,732
2022	$4,045,537	$3,506,733	$4,239,911	$538,804
2021	$3,413,223	$2,694,523	$3,082,816	$718,700
2020	$2,108,069	$2,630,271	$2,347,999	$-522,202
2019	$3,923,945	$3,805,696	$2,945,117	$118,249
2018	$3,763,310	$3,760,002	$2,817,398	$3,308

CHOICE INCORPORATED