WALTER N CHARLES TRUST (EIN 426326753) - 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

1981

Legal Domicile

Principal Officer

MIDWESTONE BANK SANDRA MORROW VP

Phone

3192485146

Tax Period

2024-01-01 to 2024-12-31

WALTER N CHARLES TRUST, founded in 1981, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $72K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 30% operating margin.

Mission

SUPPORT THE AMERICAN CANCER SOCIETY AND THE AMERICAN NATIONAL RED CROSS.

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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 $0

Program Service Revenue $0

Investment Income $71,883

Other Revenue $0

TOTAL REVENUE $71,883

Expense Breakdown

Grants Paid $41,006

Salaries & Benefits $6,093

Fundraising Expenses $0

Program Expenses $41,006

Other Expenses $3,416

TOTAL EXPENSES $50,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,883	$51,881	+0.4%
Expenses	$50,515	$49,537	+0.0%
Net Income	$21,368	$2,344	+8.1%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIDWESTONE BANK SANDRA MORROW VP	TRUSTEE	2.00		$8,124	$0	$8,124

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	$71,883	$50,515	$759,215	$21,368
2023	$51,881	$49,537	$737,847	$2,344
2022	$26,541	$51,816	$735,503	$-25,275
2021	$87,548	$54,978	$760,778	$32,570
2020	$47,091	$47,787	$728,208	$-696
2019	$126,713	$46,990	$728,904	$79,723
2018	$58,076	$47,852	$649,181	$10,224

WALTER N CHARLES TRUST