THE CHIMES FOUNDATION INC

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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

1991

Legal Domicile

Principal Officer

STEPHEN DARE

Phone

4103586400

Tax Period

2022-07-01 to 2023-06-30

THE CHIMES FOUNDATION INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Net assets of $15.1M represent 163 months of operating reserves.

Mission

TO PROVIDE ONGOING FINANCIAL SUPPORT FOR PROGRAMS AND SERVICES WHICH ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES. IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION WILL ENHANCE THE IMAGE OF THE CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE FOR PEOPLE WITH DISABILITIES. IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION WILL ENHANCE THE IMAGE OF THE CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE ORGANIZATIONS AMONG THEIR VARIOUS PUBLICS FOR THE PURPOSE OF SECURING ONGOING SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $2,246

CHIMES FOUNDATION PROVIDES ONGOING FINANCIAL SUPPORT FOR PROGRAMS AND SERVICES WHICH ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES. THE FOUNDATION PROVIDES PROACTIVE SUPPORT OF NEW...

CHIMES FOUNDATION PROVIDES ONGOING FINANCIAL SUPPORT FOR PROGRAMS AND SERVICES WHICH ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES. THE FOUNDATION PROVIDES PROACTIVE SUPPORT OF NEW PROGRAMS AND SERVICES AND ALSO ASSISTS WITH FUNDING FOR PROGRAM NEEDS THAT EMERGE AND WERE UNANTICIPATED OR NOT INCLUDED IN PROGRAM OPERATING OR CAPITAL BUDGETS.IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION ENHANCE THE IMAGE OF CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE ORGANIZATIONS FOR THE PURPOSE OF SECURING ONGOING PHILANTHROPIC SUPPORT AND PROGRAM GROWTH. CHIMES FOUNDATION IS THE MAIN FUNDRAISING ARM OF CHIMES FAMILY OF SERVICES AND PROVIDES GRANTS TO ORGANIZATIONS WITHIN CHIMES, BUT ALSO IN SOME INSTANCES TO OUTSIDE ORGANIZATIONS THAT SHARE A COMMON PHILOSOPHY OF SERVICE TO PEOPLE WITH DISABILITIES AND BARRIERS TO INDEPENDENT LIVING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $649,744

Program Service Revenue $0

Investment Income $345,238

Other Revenue $120,942

TOTAL REVENUE $1,115,924

Expense Breakdown

Grants Paid $2,246

Salaries & Benefits $0

Fundraising Expenses $846,435

Program Expenses $2,246

Other Expenses $1,127,811

TOTAL EXPENSES $1,130,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,115,924	$1,328,027	-0.2%
Expenses	$1,130,057	$475,664	+1.4%
Net Income	$-14,133	$852,363	-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
TRACEY DURANT	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
STEPHEN DARE	PRESIDENT/CEO	2.00	Officer Director	$0	$0	$0
KYNNEE GOLDER	DIRECTOR	2.00	Director	$0	$0	$0
SARAH LIEB	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
DILIP PALIATH	DIRECTOR	2.00	Director	$0	$0	$0
ROCHELLE SPECTOR	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE VRANIAN	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA MEADOWS	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN ZGORSKI	TREASURER/CFO	2.00	Officer	$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	$1,115,924	$1,130,057	$18,424,374	$-14,133
2022	$1,328,027	$475,664	$16,366,899	$852,363
2021	$1,095,454	$1,223,613	$16,891,967	$-128,159
2020	$1,260,594	$1,304,712	$16,107,586	$-44,118
2019	$1,301,069	$1,018,819	$15,141,397	$282,250
2018	$1,224,634	$944,505	$13,812,102	$280,129