THE CHARMETTES INCORPORATED

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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

1955

Legal Domicile

Principal Officer

LEILA BAILUS

Tax Period

2022-07-01 to 2023-06-30

THE CHARMETTES INCORPORATED, founded in 1955, is a small nonprofit in the Youth Development sector that reported $300K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $344K exceeded revenue, resulting in a 15% operating deficit.

Mission

ADVOCATES TO IMPROVE THE QUALITY OF COMMUNITY LIFE AND PROVIDES EDUCATION, SERVICE, AND SUPPORT FOR CANCER RESEARCH THROUGH FUNDRAISING

Program Service Accomplishments

Program 1

Expenses: $70,069

CONTRIBUTIONS TO HOWARD UNIVERISTY CANCER RESEARCH FUND AND LOCAL COMMUNITY FUND DRIVES

Program 2

Expenses: $26,893

SCHOLARSHIP AWARDS TO LOCAL STUDENTS TO UNIVERSITIES THROUGHOUT THE COUNTRY

Program 3

Expenses: $6,019

VARIOUS CONTRIBUTIONS TO CHURCHES, MENTAL HEALTH, PACE, FOOD BANKS, LEARN TO READ AND OTHER EDUCATIONAL ORGANIZATIONS

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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 $299,681

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,981

Other Expenses $344,272

TOTAL EXPENSES $344,272

Year-over-Year Comparison

	2022	2021	Change
Revenue	$299,681	$249,172	+0.2%
Expenses	$344,272	$307,566	+0.1%
Net Income	$-44,591	$-58,394	-0.2%

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
BARBARA SAMUEL	PRES MARION CHAPTER	2.00	Officer Director	$0	$0	$0
DEMETRICE RUFUS	PRES MEMPHIS CHAPTER	2.00	Officer Director	$0	$0	$0
JANICE SMITH COAXUM	PRES NC CHAPTER	2.00	Officer Director	$0	$0	$0
MALINDA JACKSON-JAMES	PRES LEON CHAPTER	2.00	Officer Director	$0	$0	$0
CERITA BATTLE	PRES FIRST COAST	2.00	Officer Director	$0	$0	$0
LUVATOR NELSON	PRESHILLSBOROUGH CHAPTER	2.00	Officer Director	$0	$0	$0
LINDA TEARTT	PRES LAKE CHAPTER	2.00	Officer Director	$0	$0	$0
KETURAH HOWARD	PRES PALM BEACH CHAPTER	2.00	Officer Director	$0	$0	$0
VICKI SEYMOUR	PRES TREASURE COAST CHAPTER	2.00	Officer Director	$0	$0	$0
BARBARA DEVEAUX	PRES WASH DC CHAPTER	2.00	Officer Director	$0	$0	$0
DOROTHY VEREEN	NATL SERGEANT AT ARMS	2.00	Officer Director	$0	$0	$0
CATHERINE LEWIS	PRES SC MIDLAND	2.00	Officer Director	$0	$0	$0
SHIRLIE JAMES	PRES POLK CHAPTER	2.00	Officer Director	$0	$0	$0
JANICE GARDNER	PRES RICHMOND CHAPTER	2.00	Officer Director	$0	$0	$0
BRENDA LOCKHART	PRES ST JOHNS CHAPTER	2.00	Officer Director	$0	$0	$0
BONNIE FLOWERS	PRES DUVAL CHAPTER	2.00	Officer Director	$0	$0	$0
LEILA BAILUS	NATIONAL TREASURER	2.00	Officer Director	$0	$0	$0
JANICE WILLIAMS	NATIONAL FINANCIAL SECRETARY	2.00	Officer Director	$0	$0	$0
FELICIA ARMSTRONG	NATL PARLIAMENTARIAN	2.00	Officer Director	$0	$0	$0
JANICE LONDON	NATL ASST SECRETARY	2.00	Officer Director	$0	$0	$0
CECILY ROBINSON-DUFFIE	NATIONAL PRESIDENT	4.00	Officer Director	$0	$0	$0
WANDA SERMONS-LEE	NATIONAL VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MANDISA JONES	NATIONAL SECRETARY	2.00	Officer Director	$0	$0	$0
CERITA BATTLES	NATIONAL CHAPLAIN	2.00	Officer Director	$0	$0	$0
STEFANIE TURMAN	PRESIDENT ATLANTA	2.00	Officer Director	$0	$0	$0
TARA MORGAN-JOHNSON	PRES BROWARD CHAPTER	2.00	Officer Director	$0	$0	$0
TARA PARAMORE	PRES DADE CHAPTER	2.00	Officer Director	$0	$0	$0
CASSANDRA MCCRAY	ALACHUA CHAPTER	2.00	Officer Director	$0	$0	$0
AUDREL DAVIS-JONES	NATIONAL HISTORIAN	2.00	Officer Director	$0	$0	$0
ANGELA DOUGLAS	NATIONAL REPORTER	2.00	Officer Director	$0	$0	$0
CATHERINE LEWIS	EXECUTIVE DIRECTOR	2.00	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
2023	$299,681	$344,272	$161,272	$-44,591
2022	$249,172	$307,566	$205,863	$-58,394
2020	$262,691	$250,111	$233,774	$12,580
2019	$305,039	$268,846	$256,025	$36,193
2018	$255,705	$206,113	$221,211	$49,592