CHEER INC (EIN 510112599) - 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

1971

Legal Domicile

Principal Officer

BECKETT M WHEATLEY

Phone

3025150001

Tax Period

2024-10-01 to 2025-09-30

CHEER INC, founded in 1971, is a community nonprofit in the Human Services sector that reported $9.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

AN INDEPENDENT NON-PROFIT AGENCY SERVING THE NEEDS OF MATURE ADULTS IN SUSSEX COUNTY, DE. THEY PROVIDE VAST SERVICES TO PROMOTE AND MAINTAIN THE HIGHEST QUALITY OF LIFE AND INDEPENDENCE OF SENIOR CITIZENS 50 AND OVER.

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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 $8,812,013

Program Service Revenue $182,031

Investment Income $254,738

Other Revenue $105,259

TOTAL REVENUE $9,354,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,663,585

Fundraising Expenses $57,698

Program Expenses $8,820,904

Other Expenses $3,652,148

TOTAL EXPENSES $9,315,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,354,041	$10,629,049	-0.1%
Expenses	$9,315,733	$9,282,641	+0.0%
Net Income	$38,308	$1,346,408	-1.0%

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

192

Volunteers

755

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

$240,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER KOOPMAN	PRESIDENT	0.25	Officer Director	$0	$0	$0
JOHN SCHEETZ	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
MARK LOUKIDES	SECRETARY	0.25	Officer Director	$0	$0	$0
ANDY HARTSTEIN	TREASURER	0.25	Officer Director	$0	$0	$0
RUTH BRIGGS KING	DIRECTOR	0.25	Director	$0	$0	$0
JANE BROCK	DIRECTOR	0.25	Director	$0	$0	$0
NANCY CHOMA	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH CONAWAY	DIRECTOR	0.25	Director	$0	$0	$0
MARLENE ELLIOT BROWN	DIRECTOR	0.25	Director	$0	$0	$0
DEBORAH GUENTHER	DIRECTOR	0.25	Director	$0	$0	$0
JANE HOVINGTON	DIRECTOR	0.25	Director	$0	$0	$0
BERNARD MILLER	DIRECTOR	0.25	Director	$0	$0	$0
MATT PARKER	DIRECTOR	0.25	Director	$0	$0	$0
SHIRLEY PRICE	DIRECTOR	0.25	Director	$0	$0	$0
BECKETT M WHEATLEY	CEO	40.00	Officer	$148,461	$0	$148,461
THOMAS REARDON	COO	40.00	Officer	$91,669	$0	$91,669

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	$9,354,041	$9,315,733	$17,401,416	$38,308
2024	$10,629,049	$9,282,641	$16,898,837	$1,346,408
2023	$11,290,749	$7,977,279	$15,666,247	$3,313,470
2022	$7,916,240	$8,086,657	$12,397,175	$-170,417
2021	$9,138,607	$8,409,741	$13,939,412	$728,866
2020	$8,804,600	$8,889,728	$12,884,708	$-85,128
2019	$9,773,409	$8,622,105	$11,948,880	$1,151,304
2018	$8,650,722	$8,510,728	$11,042,484	$139,994

CHEER INC