CHARITY WORKS INC (EIN 593384413) - 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

Phone

7274472064

Tax Period

2024-01-01 to 2024-12-31

CHARITY WORKS INC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $479K, a strong 26% operating margin.

Mission

TO PROMOTE CHARITABLE GIVING AND ASSIST CHARITABLE NONPROFIT ORGANIZATIONS IN MANAGING THEIR RESOURCES MORE EFFECTIVELY WHEN USED TO ACQUIRE GOODS AND SERVICES FROM OTHERS.

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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 $1,853,160

Program Service Revenue $0

Investment Income $6,121

Other Revenue $3,882

TOTAL REVENUE $1,863,163

Expense Breakdown

Grants Paid $1,214,077

Salaries & Benefits $126,758

Fundraising Expenses $27,002

Program Expenses $1,322,536

Other Expenses $43,140

TOTAL EXPENSES $1,383,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,863,163	$927,383	+1.0%
Expenses	$1,383,975	$801,339	+0.7%
Net Income	$479,188	$126,044	+2.8%

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

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

$118,387

Total Directors

$118,387

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS R RENFROW	CHAIRMAN	40.00	Officer Director	$116,165	$2,222	$118,387
MICHAEL D KINDT	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY MCCLELLAND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANETTE G RENFROW	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE WAHL	TREASURER	1.00	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
2024	$1,863,163	$1,383,975	$740,852	$479,188
2023	No data	No data	No data	No data
2022	$489,424	$414,279	$155,318	$75,145
2021	$464,945	$431,583	$79,954	$33,362
2020	$294,800	$281,692	$45,077	$13,108
2019	$217,992	$236,416	$29,053	$-18,424
2018	$222,511	$209,831	$62,261	$12,680

CHARITY WORKS INC