AVERITT EXPRESS ASSOCIATES CHARITIES INC (EIN 521548466) - 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

1986

Legal Domicile

Principal Officer

JOHNNY FIELDS

Phone

9315255353

Tax Period

2023-01-01 to 2023-12-31

AVERITT EXPRESS ASSOCIATES CHARITIES INC, founded in 1986, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $545K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 120% operating deficit.

Mission

TO MAKE GRANTS AND DISTRIBUTIONS TO OTHER ORGANIZATIONS THAT IMPROVE AND SAVE THE LIVES OF CHILDREN.

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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 $513,970

Program Service Revenue $0

Investment Income $31,468

Other Revenue $0

TOTAL REVENUE $545,438

Expense Breakdown

Grants Paid $1,200,001

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,200,001

Other Expenses $0

TOTAL EXPENSES $1,200,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$545,438	$557,453	0.0%
Expenses	$1,200,001	$1,050,001	+0.1%
Net Income	$-654,563	$-492,548	+0.3%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISE LEESON	CHAIRMAN AND PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHNNY FIELDS	SECRETARY/TREASURY	0.00	Officer Director	$0	$0	$0
BARRY BLAKELY	PERM BOARD MEMBER	0.00	Director	$0	$0	$0
RANDY MARTIN	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
JEFF EDWARDS	AT LARGE MEMBER	0.00	Director	$0	$0	$0
LARRY VANNATTA	AT LARGE MEMBER	0.00	Director	$0	$0	$0
WALT GRAY	AT LARGE MEMBER	0.00	Director	$0	$0	$0
LARRY MASON	AT LARGE MEMBER	0.00	Director	$0	$0	$0
GINA BILLINGS	MARKETING/COMMUNICATIONS	0.50	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$545,438	$1,200,001	$876,874	$-654,563
2022	$557,453	$1,050,001	$1,531,437	$-492,548
2021	$518,061	$1,000,001	$2,023,985	$-481,940
2020	$524,718	$1,000,001	$2,505,925	$-475,283
2019	$2,698,174	$15	$2,981,208	$2,698,159
2018	$708,958	$1,300,002	$283,049	$-591,044

AVERITT EXPRESS ASSOCIATES CHARITIES INC