AZALEA CHARITIES 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

2000

Legal Domicile

Principal Officer

DOUGLAS S TAGGART

Phone

7036705238

Tax Period

2020-01-01 to 2020-12-31

AZALEA CHARITIES INC, founded in 2000, is a micro nonprofit that reported $80K in total revenue in fiscal year 2020. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $139K exceeded revenue, resulting in a 74% operating deficit.

Mission

TO RAISE FUNDS TO SUPPORT A DUAL MISSION. (1) AID FOR WOUNDED WARRIORS. (2) TO SUPPORT YOUTH AND SPECIAL NEEDS PROJECTS FROM ARLINGTON,VA TO FREDERICKSBURG, VA.

Program Service Accomplishments

Program 1

Expenses: $123,330

AID FOR WOUNDED WARRIORS IS FOCUSED ON PROVIDING COMFORT AND RELIEF ITEMS FOR SOLDIERS, SAILORS, AIRMEN AND MARINES WHO ARE SICK OR INJURED FROM SERVICE IN IRAQ AND AFGHANISTAN. WE PURCHASE SPECIFIC ITEMS REQUESTED BY MILITARY MEDICAL CENTERS, VA MEDICAL CENTERS AND REHABILITATION CENTERS FOR THE MILITARY AND THEIR FAMILIES. WE ALSO CONTRIBUTE ITEMS NECESSARY TO TRANSITION SOLDIERS AND THEIR FAMILIES BACK INTO THE NON-MILITARY WORLD.

Program 2

Expenses: $6,000

FROM NORTHERN VA TO FREDERICKSBURG, VA, AZALEA CHARITIES PROVIDES FINANCIAL SUPPORT TO BOYS & GIRLS CLUBS, SPECIAL OLYMPICS, HOMELESS SHELTERS, EDUCATION BASED PROJECTS AND OTHER CHARITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $79,618

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $79,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,330

Other Expenses $138,930

TOTAL EXPENSES $138,930

Year-over-Year Comparison

	2020	2019	Change
Revenue	$79,619	$230,065	-0.7%
Expenses	$138,930	$252,738	-0.5%
Net Income	$-59,311	$-22,673	+1.6%

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

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
FRANCIS E LASCH SR	CHAIRMAN/DIRECTOR	30.00	Officer Director	$0	$0	$0
DOUGLAS S TAGGART	PRESIDENT/CEO	6.00	Officer Director	$0	$0	$0
KEVIN CHEEZUM	SENIOR VP	1.00	Officer Director	$0	$0	$0
THOMAS RACHELE	CHIEF FINANCIAL OFFICER	20.00	Officer Director	$0	$0	$0
JOANNE C NEAL	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSEPH WAITE	VP	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
2020	$79,619	$138,930	No data	$-59,311
2019	$230,065	$252,738	$59,311	$-22,673
2018	$204,070	$210,651	$81,984	$-6,581