KEYSTONE CHALLENGE FUND INC (EIN 593084372) - 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

1991

Legal Domicile

Principal Officer

JEFF BAGWELL

Phone

8636821025

Tax Period

2024-01-01 to 2024-12-31

KEYSTONE CHALLENGE FUND INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $647K in total revenue in fiscal year 2024. Revenue surged 240% from the prior year, signaling strong growth momentum.

Mission

PROVIDE FINANCIAL ASSISTANCE AND RELATED SERVICES TO QUALIFYING APPLICANTS ELIGIBLE FOR LOW INCOME AND AFFORDABLE HOUSING OPPORTUNITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $139,250

Program Service Revenue $487,305

Investment Income $7,857

Other Revenue $13,054

TOTAL REVENUE $647,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,460

Fundraising Expenses $6,040

Program Expenses $591,350

Other Expenses $487,666

TOTAL EXPENSES $645,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,466	$190,341	+2.4%
Expenses	$645,836	$278,382	+1.3%
Net Income	$1,630	$-88,041	-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

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

$124,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BAGWELL	PRESIDENT	40.00	Officer	$106,966	$0	$106,966
BETH NEIMEYER	VICE PRESIDE	0.00	Officer	$17,500	$0	$17,500
AL REESE	BOARD CHAIR	0.00	Director	$0	$0	$0
OD JONES	BOARD MEMBER	0.00	Director	$0	$0	$0
BRENDA VAUGHN	BOARD MEMBER	0.00	Director	$0	$0	$0
FRANK COMPARETTO	BOARD MEMBER	0.00	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
2024	$647,466	$645,836	$813,635	$1,630
2023	$190,341	$278,382	$954,376	$-88,041
2022	$324,601	$544,687	$1,149,532	$-220,086
2021	$753,790	$729,391	$1,411,927	$24,399
2020	$630,461	$706,337	$1,407,064	$-75,876

KEYSTONE CHALLENGE FUND INC