CHESAPEAKE CENTER INC (EIN 520849528) - 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

1967

Legal Domicile

Principal Officer

LISA KORELL

Phone

4108222644

Tax Period

2024-07-01 to 2025-06-30

CHESAPEAKE CENTER INC, founded in 1967, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 6% surplus.

Mission

THE CENTER OPERATES A FACILITY FOR THE TRAINING AND CARE OF THE HANDICAPPED AND ELDERLY

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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 $127,061

Program Service Revenue $1,152,021

Investment Income $155,874

Other Revenue $33,656

TOTAL REVENUE $1,468,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,893

Fundraising Expenses $0

Program Expenses $179,484

Other Expenses $588,725

TOTAL EXPENSES $1,376,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,468,612	$1,311,458	+0.1%
Expenses	$1,376,618	$1,196,196	+0.2%
Net Income	$91,994	$115,262	-0.2%

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

N/A

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

$190,168

Total Directors

$129,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY NEVIASER	DIRECTOR	3.00	Director	$0	$0	$0
MANDY OWEN	IMMEDIATE PAST CHAIR	3.00	Director	$0	$0	$0
JESSE HAMMOCK	CHAIR	3.00	Director	$0	$0	$0
J ANDREW SMITH	DIRECTOR	3.00	Director	$0	$0	$0
PATRICIA D STEIN	DIRECTOR	3.00	Director	$0	$0	$0
DEBORAH COLLISON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
WALLER HAIRSTON	DIRECTOR	3.00	Officer Director	$0	$0	$0
BRYAN WIELAND	DIRECTOR	3.00	Director	$0	$0	$0
SETH BEATTY	DIRECTOR	3.00	Director	$0	$0	$0
JOAN MCGARRY	DIRECTOR	3.00	Director	$0	$0	$0
JASON C PRICE	DIRECTOR	3.00	Director	$0	$0	$0
DONNA HARRISON	IMMEDIATE PAST PRESIDENT	3.00	Director	$129,274	$0	$129,274
LISA KORELL	PRESIDENT	9.00	Officer	$50,691	$0	$100,782
EDWARD PHILLIPS	ACCOUNTING MANAGER	10.00	Officer	$89,386	$0	$89,386

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	$1,468,612	$1,376,618	$10,903,629	$91,994
2024	$1,311,458	$1,196,196	$10,516,845	$115,262
2023	$2,103,574	$1,172,346	$10,153,765	$931,228
2022	$1,283,841	$1,190,604	$9,215,629	$93,237
2021	$1,496,707	$1,077,176	$9,442,596	$419,531
2020	$1,358,982	$1,218,657	$8,672,512	$140,325
2019	$1,428,438	$1,288,002	$8,370,310	$140,436
2018	$1,461,675	$1,228,303	$8,107,920	$233,372

CHESAPEAKE CENTER INC