CHARITY CARS INC AKA 1-800-CHARITY CARS FREE CHARITY CARS (EIN 593362703) - 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

1996

Legal Domicile

Principal Officer

BRIAN MENZIES

Phone

8002427489

Tax Period

2024-09-01 to 2025-08-31

CHARITY CARS INC AKA 1-800-CHARITY CARS FREE CHARITY CARS, founded in 1996, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO PROVIDE VEHICLES TO QUALIFIED NEEDY INDIVIDUALS OR OTHER QUALIFIED ENTITIES.

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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 $3,598,624

Program Service Revenue $0

Investment Income $11,058

Other Revenue $64,960

TOTAL REVENUE $3,674,642

Expense Breakdown

Grants Paid $2,541,138

Salaries & Benefits $522,275

Fundraising Expenses $372,927

Program Expenses $3,427,196

Other Expenses $886,373

TOTAL EXPENSES $3,949,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,674,642	$4,179,537	-0.1%
Expenses	$3,949,786	$5,264,428	-0.2%
Net Income	$-275,144	$-1,084,891	-0.7%

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

$280,601

Total Directors

$280,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MENZIES	PRESIDENT	80.00	Officer Director	$280,601	$0	$280,601
TOM WILLOUGHBY	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA DESARO	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP ROE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGENE FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE DESARO	DIRECTOR	1.00	Director	$0	$0	$0
DREW FARMER	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY HILL	CONTROLLER	40.00	Highest	$103,854	$0	$103,854

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	$3,674,642	$3,949,786	$283,324	$-275,144
2024	$4,179,537	$5,264,428	$571,638	$-1,084,891
2023	$9,337,121	$11,544,557	$1,594,351	$-2,207,436
2022	$11,908,657	$11,413,058	$3,833,882	$495,599
2021	$10,968,322	$10,511,327	$3,352,820	$456,995
2020	$9,538,044	$11,090,722	$2,881,780	$-1,552,678
2020	$9,538,044	$11,090,722	$2,881,780	$-1,552,678
2019	$11,527,800	$11,350,976	$4,389,410	$176,824
2018	$10,940,256	$10,634,418	$4,219,130	$305,838

CHARITY CARS INC AKA 1-800-CHARITY CARS FREE CHARITY CARS