CHARTER SYSTEM FOUNDATION INC (EIN 462029927) - 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

2013

Legal Domicile

Principal Officer

ERIC ARENA

Phone

7703547653

Tax Period

2024-07-01 to 2025-06-30

CHARTER SYSTEM FOUNDATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $559K in total revenue in fiscal year 2024. Expenses of $518K left a modest 7% surplus.

Mission

Provide training, workshops, newsletter, and other support for city and county school systems that have charter system status under Georgia law.

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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 $558,890

Program Service Revenue $0

Investment Income $196

Other Revenue $0

TOTAL REVENUE $559,086

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $228,306

Fundraising Expenses $11,612

Program Expenses $441,209

Other Expenses $270,113

TOTAL EXPENSES $518,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,086	$549,455	+0.0%
Expenses	$518,419	$557,261	-0.1%
Net Income	$40,667	$-7,806	-6.2%

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

$183,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL J WEBER	FORMER EXEC DIR	35.00	Officer	$183,123	$0	$183,123
KRISTIE BROOKS	Executive Board	0.50	Officer Director	$0	$0	$0
MICHELE TAYLOR	Chairman	0.50	Officer Director	$0	$0	$0
MORRIS C LEIS	Board ViceChair	0.50	Officer Director	$0	$0	$0
BUBBA LONGGREAR	Director	0.00	Director	$0	$0	$0
MARC FEUERBACH	Director	0.00	Director	$0	$0	$0
FRED WILLIAMS	Director	0.00	Director	$0	$0	$0
MARTY WATERS	Director	0.00	Director	$0	$0	$0
ERIC ARENA	Executive Dir.	35.00	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	$559,086	$518,419	$503,092	$40,667
2024	$549,455	$557,261	$469,350	$-7,806
2023	$512,407	$721,958	$478,127	$-209,551
2022	$465,038	$429,508	$690,683	$35,530
2021	$431,797	$326,784	$656,094	$105,013
2020	$485,081	$356,557	$527,486	$128,524
2019	$477,376	$362,724	$402,976	$114,652
2018	$439,103	$324,999	$283,905	$114,104

CHARTER SYSTEM FOUNDATION INC