TUW JOSEPH F CANNON JR FBO OBSERVER FRESH AIR (EIN 566130751) - 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

1946

Legal Domicile

Phone

5135345310

Tax Period

2025-01-01 to 2025-12-31

TUW JOSEPH F CANNON JR FBO OBSERVER FRESH AIR, founded in 1946, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $426K in total revenue in fiscal year 2025. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $169K, a strong 40% operating margin.

Mission

Distribute income from trust investments to YMCA of Greater Charlotte

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $425,665

Other Revenue $0

TOTAL REVENUE $425,665

Expense Breakdown

Grants Paid $252,274

Salaries & Benefits $961

Fundraising Expenses $0

Program Expenses $252,423

Other Expenses $3,172

TOTAL EXPENSES $256,407

Year-over-Year Comparison

	2025	2024	Change
Revenue	$425,665	$1,613,928	-0.7%
Expenses	$256,407	$229,051	+0.1%
Net Income	$169,258	$1,384,877	-0.9%

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
FIFTH THIRD BANK N A	TRUSTEE	1.0		$960	$0	$960

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	$425,665	$256,407	$5,191,972	$169,258
2024	$1,613,928	$229,051	$5,022,917	$1,384,877
2023	$169,615	$228,389	$3,638,078	$-58,774
2022	$117,484	$273,442	$3,697,086	$-155,958
2021	$246,449	$231,784	$3,854,233	$14,665
2020	$117,774	$235,537	$3,838,743	$-117,763
2019	$148,448	$208,059	$3,958,453	$-59,611
2018	$261,154	$237,400	$4,018,064	$23,754

TUW JOSEPH F CANNON JR FBO OBSERVER FRESH AIR