AREA COMMUNITY ENRICHMENT FOUNDATION INC (EIN 481239581) - 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

2001

Legal Domicile

Principal Officer

SCOTT CHVATAL

Phone

7856269328

Tax Period

2023-01-01 to 2023-12-31

AREA COMMUNITY ENRICHMENT FOUNDATION INC, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $287K exceeded revenue, resulting in a 7408% operating deficit.

Mission

TO ENHANCE, ENRICH, AND ENSURE THE FUTURE OF OUR CITIZENS AND THE COMMUNITIES IN WHICH THEY LIVE

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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 $0

Program Service Revenue $0

Investment Income $3,819

Other Revenue $0

TOTAL REVENUE $3,819

Expense Breakdown

Grants Paid $286,686

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $286,686

Other Expenses $55

TOTAL EXPENSES $286,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,819	$77,185	-1.0%
Expenses	$286,741	$699,412	-0.6%
Net Income	$-282,922	$-622,227	-0.5%

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

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
SCOTT CHVATAL	PRESIDENT	5.00	Officer Director	$0	$0	$0
OLIVIA CHVATAL	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
KEVIN HOLLE	DIRECTOR	1.00	Director	$0	$0	$0
MELODY BEARLEY	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
2023	$3,819	$286,741	$139,944	$-282,922
2022	$77,185	$699,412	$422,866	$-622,227
2021	$66,924	$44,832	$1,045,093	$22,092
2020	$55,777	$816,221	$1,023,001	$-760,444
2019	$155,731	$104,853	$1,783,445	$50,878
2018	$326,090	$166,047	$1,732,567	$160,043

AREA COMMUNITY ENRICHMENT FOUNDATION INC