CHESAPEAKE MULTICULTURAL RESOURCE CENTER INC (EIN 460893377) - 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

2012

Legal Domicile

Principal Officer

ROBERT KELLY

Phone

8777729832

Tax Period

2023-07-01 to 2024-06-30

CHESAPEAKE MULTICULTURAL RESOURCE CENTER INC, founded in 2012, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $286K, a strong 27% operating margin.

Mission

BY COORDINATING SERVICES AND INFORMATIONAL PROGRAMS, THE CHESAPEAKE MULTICULTURAL RESOURCE CENTER EMPOWERS PEOPLE FROM DIFFERENT CULTURES TO BECOME SUCCESSFUL AND ENGAGED MEMBERS OF THE COMMUNITY. THROUGH EDUCATION AND DIRECT SERVICES WE STRIVE TO BREAKDOWN CULTURAL BARRIERS THAT ARISE FROM DIFFERENCE IN LANGUAGE, APPEARANCE OR ETHNIC TRADITIONS. WE ENVISION A COMMUNITY THAT PARTNERS TO EMBRACE DIVERSITY.

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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 $914,854

Program Service Revenue $95,926

Investment Income $6,876

Other Revenue $31,201

TOTAL REVENUE $1,048,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $553,993

Fundraising Expenses $11,980

Program Expenses $674,810

Other Expenses $209,263

TOTAL EXPENSES $763,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,048,857	$689,689	+0.5%
Expenses	$763,256	$661,976	+0.2%
Net Income	$285,601	$27,713	+9.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAMON GRAS	DIRECTOR	1.00	Director	$0	$0	$0
ALBERTO GAMEZ	DIRECTOR	2.00	Director	$0	$0	$0
ROSALEE POTTER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TIMOTHY CURETON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KLEIN	TREASURER	2.00	Officer Director	$0	$0	$0
CONSTANCE HOPE	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY ZENDT	OUTGOING PRESIDENT	2.00	Officer Director	$0	$0	$0
TERANCE JOHN	DIRECTOR	2.00	Director	$0	$0	$0
TRACIE THOMAS	SECRETARY	2.00	Officer Director	$0	$0	$0
AL SILVERSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
CURT REINSTMA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA ACOSTA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KELLY	INCOMING PRESIDENT	2.00	Officer Director	$0	$0	$0
JANE MURPHY	DIRECTOR	1.00	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	$1,048,857	$763,256	$1,383,016	$285,601
2023	$689,689	$661,976	$1,078,186	$27,713
2022	$911,651	$612,849	$1,071,109	$298,802
2021	$611,796	$527,187	$1,000,351	$84,609
2020	$610,512	$494,891	$982,632	$115,621
2020	$610,512	$494,891	$982,632	$115,621
2019	$570,283	$352,272	$844,654	$218,011
2019	$493,582	$352,982	$843,931	$140,600

CHESAPEAKE MULTICULTURAL RESOURCE CENTER INC