CHARTER ARTS FOUNDATION (EIN 453986393) - 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

2011

Legal Domicile

Principal Officer

CHRIS KULP

Phone

6108682971

Tax Period

2024-07-01 to 2025-06-30

CHARTER ARTS FOUNDATION, founded in 2011, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT THE HEALTH, WELFARE AND EDUCATIONALINTERESTS OF LEHIGH VALLEY CHARTER HIGH SCHOOL FOR THE ARTS, A PENNSYLVANIANONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS ANORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF1986, AS AMENDED.

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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 $284,424

Program Service Revenue $780,880

Investment Income $20,717

Other Revenue $89,797

TOTAL REVENUE $1,175,818

Expense Breakdown

Grants Paid $225,512

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,340,284

Other Expenses $1,114,772

TOTAL EXPENSES $1,340,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,175,818	$1,019,801	+0.2%
Expenses	$1,340,284	$1,404,450	0.0%
Net Income	$-164,466	$-384,649	-0.6%

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

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
WILLIAM APLUAGH	BOARD MEMBER	2.00	Director	$0	$0	$0
SANTA BANNAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM CHARLESWORTH	TREASURER	2.00	Officer Director	$0	$0	$0
ANTHONY CRISAFULLI	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB GUERRIERE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELISE HILL	BOARD MEMBER	2.00	Director	$0	$0	$0
EMRICH STELLAR III	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROL KOENIG	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS KULP	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE LANDIS	VICE PRESIDENT	2.00	Officer 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	$1,175,818	$1,340,284	$22,440,468	$-164,466
2024	$1,019,801	$1,404,450	$22,764,201	$-384,649
2023	$6,436,086	$1,838,308	$23,440,468	$4,597,778
2022	$1,358,767	$1,648,899	$26,720,339	$-290,132
2021	$1,192,568	$1,656,276	$27,360,867	$-463,708
2020	$1,348,973	$1,553,079	$28,148,907	$-204,106
2019	$1,409,930	$1,638,548	$28,561,466	$-228,618

CHARTER ARTS FOUNDATION