THE CHAS FOUNDATION (EIN 460761549) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

MARGARET CORPREW

Phone

7574892427

Tax Period

2024-01-01 to 2024-12-31

THE CHAS FOUNDATION is a small nonprofit in the Mental Health sector that reported $171K in total revenue in fiscal year 2019. The organization ran a surplus of $82K, a strong 48% operating margin.

Mission

THE MISSION OF THE CHAS FOUNDATION IS: TO ADVOCATE FOR INDIVIDUALS LIVING WITH MENTAL ILLNESS; TO ADDRESS THE STIGMA ASSOCIATED WITH PEOPLE LIVING WITH A MENTAL ILLNESS; TO STREAMLINE ACCESS TO EFFECTIVE TREATMENT; TO SAVE THE LIVES OF THOSE STRUGGLING WITH A MENTAL ILLNESS BY WORKING WITH PRIVATE AND PUBLIC PROFESSIONALS; TO PROVIDE EDUCATION AND SUPPORT FOR FAMILY MEMBERS IMPACTED BY THEIR LOVED ONES MENTAL ILLNESS. ESTABLISHED IN 2012, THE CHAS FOUNDATION AIMS TO STREAMLINE ACCESS TO EFFECTIVE TREATMENT FOR THOSE IMPACTED BY MENTAL ILLNESS IN THE HAMPTON ROADS REGION. CHAS STANDS FOR COURAGE, HOPE, ACCEPTANCE, AND SUPPORT. THE ORGANIZATION WAS CREATED IN MEMORY OF CHARLES H. KIRKWOOD (CHAS) WHO STRUGGLED WITH BIPOLAR DISORDER, ENCOUNTERED NUMEROUS BARRIERS TO TREATMENT, AND ULTIMATELY LOST HIS LIFE TO SUICIDE. THE ORGANIZATION BEGAN AS A GRASSROOTS MOVEMENT TO SIGNIFICANTLY CHANGE HOW MENTAL ILLNESS IS BOTH PERCEIVED AND TREATED WITHIN OUR COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $83,106

Program Service Revenue $0

Investment Income $6

Other Revenue $58,636

TOTAL REVENUE $141,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,523

Fundraising Expenses $0

Program Expenses $117,984

Other Expenses $30,443

TOTAL EXPENSES $123,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,748	$123,493	+0.1%
Expenses	$123,966	$125,915	0.0%
Net Income	$17,782	$-2,422	-8.3%

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

$87,188

Total Directors

$87,188

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEAU KIRKWOOD	EXECUTIVE DI	40.00	Officer Director	$41,500	$4,367	$45,867
MARGARET CORPREW	PRESIDENT	40.00	Officer Director	$41,321	$0	$41,321
FRED FITCH	TREASURER	2.00	Officer Director	$0	$0	$0
AARON AMBROSE	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROLINE MISSY CALLAHAN	DIRECTOR	0.50	Director	$0	$0	$0
LAURABETH DEHORITY PSYD	DIRECTOR	0.50	Director	$0	$0	$0
AALIYAH JOSEPH	DIRECTOR	0.50	Director	$0	$0	$0
DR J MARK LAWSON	DIRECTOR	0.50	Director	$0	$0	$0
JOSHUA PARKER	DIRECTOR	0.50	Director	$0	$0	$0
JANE STEINHILBER	DIRECTOR	0.50	Director	$0	$0	$0
HENRY WILCOX	DIRECTOR	0.50	Director	$0	$0	$0
CAMPBELL WARE	DIRECTOR	0.50	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
2024	$141,748	$123,966	$87,999	$17,782
2023	$123,493	$125,915	$72,051	$-2,422
2022	$111,362	$158,957	$72,706	$-47,595
2021	$143,485	$144,816	$120,358	$-1,331
2020	$136,911	$137,410	$121,565	$-499
2020	$136,911	$137,410	$121,565	$-499
2019	$171,276	$89,125	$123,511	$82,151

THE CHAS FOUNDATION