TRUST NO 3 UW OF CHARLES HENDERSON

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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

1937

Legal Domicile

Phone

3348075127

Tax Period

2024-01-01 to 2024-12-31

TRUST NO 3 UW OF CHARLES HENDERSON, founded in 1937, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 3% surplus.

Mission

SECTION 509(A) TYPE III FUNCTIONALLY-INTERGRATED SUPPORTING ORGANIZATION FOR CHARLES HENDERSON MEMORIAL ASSOCIATION, A 501(C) (3) ORGANIZATION THAT OPERATES A CHILD HEALTH CARE CENTER IN PIKE COUNTY, AL.

Program Service Accomplishments

Program 1

Expenses: $2,294,495

THE ENTIRE NET INCOME IS DISTRIBUTED TO THE CHARLES HENDERSON MEMORIAL ASSOC (AN EXEMPT ORG) FOR ITS USE IN OPERATING A CHILD HEALTH CARE CENTER IN PIKE COUNTY, AL. THIS IS IN ACCORDANCE WITH THE...

THE ENTIRE NET INCOME IS DISTRIBUTED TO THE CHARLES HENDERSON MEMORIAL ASSOC (AN EXEMPT ORG) FOR ITS USE IN OPERATING A CHILD HEALTH CARE CENTER IN PIKE COUNTY, AL. THIS IS IN ACCORDANCE WITH THE PROVISIONS UNDER THE WILL OF CHARLES HENDERSON.

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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 $0

Program Service Revenue $0

Investment Income $2,501,175

Other Revenue $0

TOTAL REVENUE $2,501,175

Expense Breakdown

Grants Paid $2,294,495

Salaries & Benefits $122,942

Fundraising Expenses $0

Program Expenses $2,294,495

Other Expenses $4,125

TOTAL EXPENSES $2,421,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,501,175	$2,333,729	+0.1%
Expenses	$2,421,562	$2,356,680	+0.0%
Net Income	$79,613	$-22,951	-4.5%

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
N/A	MGMT TRUSTEE	3.00		$122,942	$0	$122,942

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	$2,501,175	$2,421,562	$18,212,970	$79,613
2023	$2,333,729	$2,356,680	$18,134,006	$-22,951
2022	$1,950,771	$1,957,345	$18,150,984	$-6,574
2021	$1,886,936	$1,849,252	$18,182,356	$37,684
2020	$1,756,176	$1,940,349	$18,112,687	$-184,173
2019	$1,977,790	$2,114,041	$18,304,189	$-136,251
2018	$1,947,573	$2,035,457	$18,478,473	$-87,884