CHARITON CHAMBER AND DEVELOPMENT CHARITABLE FOUNDATION

EIN: 421408149 501(c)(3) Community Improvement

CHARITON, IA

Total Revenue
$215,061
Total Expenses
$245,717
Total Assets
$1,889,758
Net Assets
$1,863,097
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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
1993
Legal Domicile
IA
Principal Officer
RAYMOND C MEYER
Phone
6417744059
Tax Period
2023-07-01 to 2024-06-30

CHARITON CHAMBER AND DEVELOPMENT CHARITABLE FOUNDATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $215K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 14% operating deficit.

Mission

SCHOLARSHIP AWARDS AND OPERATION OF CHARITON MAIN STREET PROGRAM FOSTERING ECONOMIC DEVELOPMENT THROUGH HISTORIC PRESERVATION AND OPERATION OF COUNTY ECONOMIC DEVELOPMENT PROGRAM

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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 $205,029
Program Service Revenue $34,938
Investment Income $-10,779
Other Revenue $-14,127
TOTAL REVENUE $215,061

Expense Breakdown

Grants Paid $62,500
Salaries & Benefits $105,676
Fundraising Expenses $0
Program Expenses $194,463
Other Expenses $77,541
TOTAL EXPENSES $245,717

Year-over-Year Comparison

2023 2022 Change
Revenue $215,061 $331,733 -0.4%
Expenses $245,717 $317,649 -0.2%
Net Income $-30,656 $14,084 -3.2%
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
8
Independent Members
6
Employees
4
Volunteers
80

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
11
$71,679
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND MEYER PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDA MILLER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRANDON SHELTON TREASURER 1.00
Officer Director
$0 $0 $0
BARBARA VOGEL SECRETARY 1.00
Officer Director
$0 $0 $0
SUE CURNUTTE DIRECTOR 1.00
Director
$0 $0 $0
TRACY TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
HILARY MASTERS DIRECTOR 1.00
Director
$0 $0 $0
ALICIA MCGEE DIRECTOR N/A
Director
$0 $0 $40,397
MACKENZIE STITES DIRECTOR N/A
Director
$0 $0 $657
CHRISTOPHER WATKINS DIRECTOR N/A
Director
$0 $0 $30,625
DONISE ALTENHOFEN DIRECTOR N/A
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
2025 No data No data No data No data
2024 $215,061 $245,717 $1,889,758 $-30,656
2023 $331,733 $317,649 $1,785,227 $14,084
2022 $302,141 $184,831 $1,532,927 $117,310
2021 $220,933 $143,182 $1,660,178 $77,751
2020 $199,485 $172,836 $1,471,861 $26,649
2019 $96,070 $146,813 $1,452,682 $-50,743
2018 $177,862 $203,444 $1,469,849 $-25,582
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