CHAIR-ITY (EIN 472298771) - 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

MARIA PAPARELLA

Phone

3308141056

Tax Period

2024-01-01 to 2024-12-31

CHAIR-ITY, founded in 2013, is a small nonprofit in the Human Services sector that reported $371K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $326K left a modest 12% surplus.

Mission

THE ORGANIZATION HELPS SUPPORT THOSE WHO HAVE RECENTLY GRADUATED FROM THE FOSTER CARE SYSTEM AND ARE PURSUING INDEPENDENT LIVING

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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 $265,330

Program Service Revenue $0

Investment Income $4,726

Other Revenue $101,121

TOTAL REVENUE $371,177

Expense Breakdown

Grants Paid $131,493

Salaries & Benefits $118,415

Fundraising Expenses $16,757

Program Expenses $282,189

Other Expenses $76,460

TOTAL EXPENSES $326,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,177	$286,448	+0.3%
Expenses	$326,368	$292,265	+0.1%
Net Income	$44,809	$-5,817	-8.7%

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

130

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHEYENNE BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE KOHLS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE PEASE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD GROEDEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE PORRAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARZOOQ MOMEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTINA PASCARU	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER EVANS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA PAPARELLA	EXECUTIVE DIRECTOR	40.00	Officer	$60,000	$0	$60,000

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	$371,177	$326,368	$353,843	$44,809
2023	$286,448	$292,265	$328,045	$-5,817
2022	$415,829	$302,795	$327,058	$113,034
2021	$213,935	$116,303	$194,010	$97,632

CHAIR-ITY