CHARLESTOWN COMMUNITY INC (EIN 521315965) - 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

1984

Legal Domicile

Principal Officer

DON GROVE

Phone

4102422880

Tax Period

2023-01-01 to 2023-12-31

CHARLESTOWN COMMUNITY INC, founded in 1984, is a major nonprofit in the Health Care sector that reported $107.3M in total revenue in fiscal year 2023.

Mission

PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. SEE SCHEDULE O.

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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 $2,241,441

Program Service Revenue $100,643,536

Investment Income $4,077,175

Other Revenue $380,427

TOTAL REVENUE $107,342,579

Expense Breakdown

Grants Paid $236,466

Salaries & Benefits $50,649,374

Fundraising Expenses $308,417

Program Expenses $100,021,988

Other Expenses $65,277,906

TOTAL EXPENSES $116,163,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,342,579	$101,956,607	+0.1%
Expenses	$116,163,746	$110,464,930	+0.1%
Net Income	$-8,821,167	$-8,508,323	+0.0%

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

1331

Volunteers

814

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

$588,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD A GROVE JR	CHAIRMAN	3.00	Officer Director	$0	$0	$0
DR HEIDI ABDELHADY	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD M BARNES ESQ	DIRECTOR	1.00	Director	$0	$0	$0
FATHER PHILLIP J BROWN PSS	DIRECTOR	1.00	Director	$0	$0	$0
REV DAVID S COONEY PHD	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
KATIE ECKERT	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES S GAMBLE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA KASUDA	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL G LOMAX MBA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES M MAUSER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER M MCNALLY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
LAURA OSTROFF	DIRECTOR	1.00	Director	$0	$0	$0
P LUTHER PETRY	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE E POLLAK ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DR STEPHEN SCHIMPFF	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J STAFFORD JR	DIRECTOR	1.00	Director	$0	$0	$0
CHANDRA KUMAR	EXECUTIVE DIRECTOR (THRU 1/20/23)	40.00	Officer	$110,580	$10,270	$120,850
DON GROVE	EXECUTIVE DIRECTOR (BEG 3/6/23)	40.00	Officer	$272,959	$21,170	$294,129
GLADSTONE JAMES	DIRECTOR, FINANCE/TREASURER	40.00	Officer	$146,422	$27,560	$173,982
GEORGE NAH	REGISTERED NURSE	40.00	Highest	$144,806	$14,261	$159,067
VICTOR OKENKPA	REGISTERED NURSE	40.00	Highest	$190,693	$17,909	$208,602
TAMARA HOLNESS	LICENSED PRACTICAL NURSE	40.00	Highest	$174,275	$4,987	$179,262
CORDELIA BAMA	LICENSED PRACTICAL NURSE	40.00	Highest	$155,599	$14,471	$170,070
MOLLY FRICKER	SALES COUNSELOR	40.00	Highest	$139,690	$4,275	$143,965

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	No data	No data	No data	No data
2023	$107,342,579	$116,163,746	$317,404,423	$-8,821,167
2022	$101,956,607	$110,464,930	$302,034,357	$-8,508,323
2021	$94,859,354	$103,866,248	$306,805,066	$-9,006,894
2020	$86,619,085	$108,316,898	$301,699,154	$-21,697,813
2019	$92,643,403	$108,236,644	$317,412,283	$-15,593,241
2018	$94,942,995	$107,350,761	$323,183,734	$-12,407,766

CHARLESTOWN COMMUNITY INC