THE CHIPMAN FOUNDATION INC (EIN 521393940) - 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

Legal Domicile

Principal Officer

EUGENIE SHIELDS

Phone

4108609290

Tax Period

2024-04-01 to 2025-03-31

THE CHIPMAN FOUNDATION INC is a micro nonprofit that reported $50K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Net assets of $415K represent 100 months of operating reserves.

Mission

PROVIDE A LOW COST PUBLIC RECREATIONAL FACILITY AND PROVIDE A MUSEUM SHOWCASING AFRICAN AMERICANS ON THE EASTERN SHORE OF MARYLAND AND DELAWARE.

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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 $4,000

Program Service Revenue $45,398

Investment Income $315

Other Revenue $0

TOTAL REVENUE $49,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,473

Other Expenses $49,473

TOTAL EXPENSES $49,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,713	$36,311	+0.4%
Expenses	$49,473	$48,484	+0.0%
Net Income	$240	$-12,173	-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

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
DR CHARLES CHAVIS	DIRECTOR	1.00	Director	$0	$0	$0
HELENA FLEMING	TREASURER	2.00	Officer Director	$0	$0	$0
HERBIE FLETCHER	DIRECTOR	2.00	Director	$0	$0	$0
DR BESSIE GREEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MAKYA D PURNELL	SECRETARY	1.00	Officer Director	$0	$0	$0
EUGENIE SHIELDS	PRESIDENT	5.00	Officer Director	$0	$0	$0
WARREN WHITE	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
2025	$49,713	$49,473	$414,742	$240
2024	$36,311	$48,484	$427,884	$-12,173
2023	$94,127	$23,675	$440,859	$70,452
2022	$87,824	$21,292	$391,451	$66,532
2021	$40,557	$34,581	$338,593	$5,976
2020	$58,353	$33,659	$342,730	$24,694
2019	$25,113	$29,407	$330,629	$-4,294

THE CHIPMAN FOUNDATION INC