CHARITON CHAMBER AND DEVELOPMENT C… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $62,500 Revenue: $0

ADMINISTRATION AND INVESTMENT OF SCHOLARSHIP FUNDS, SELECTION OF SCHOLARSHIP RECIPIENTS, AND DISTRIBUTION OF SCHOLARSHIPS

Program 2

Expenses: $97,130 Revenue: $28,142

ADMINISTRATION AND OPERATION OF LOCAL MAIN STREET PROGRAM FOSTERING ECONOMIC DEVELOPMENT IN THE CONTEXT OF HISTORIC PRESERVATION

Program 3

Expenses: $34,833 Revenue: $-43,011

OPERATION OF COUNTY ECONOMIC DEVELOPMENT PROGRAMS

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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 $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

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

$71,679

Key Employees

Highest Compensated

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

CHARITON CHAMBER AND DEVELOPMENT CHARITABLE FOUNDATION