CASI INC (EIN 742330479) - 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

1983

Legal Domicile

Principal Officer

James Burns

Phone

9362388440

Tax Period

2025-01-01 to 2025-12-31

CASI INC, founded in 1983, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $179K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $198K exceeded revenue, resulting in a 11% operating deficit.

Mission

OUR MISSION IS TO PROMOTE CHILI AND RAISE MONEY FOR CHARITY. CHILI APPRECIATION SOCIETY INTERNATIONAL, INC (CASI) SANCTIONS COOKOFFS AT WHICH FUNDS ARE RAISED FOR CHARITABLE ORGANIZATIONS. WE HOST AN ANNUAL CHAMPIONSHIP FOR QUALIFYING COOKS, AWARD SCHOLARSHIPS AND PROVIDE GRANTS TO THE LOCAL COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $129,361

Program Service Revenue $60,229

Investment Income $4,115

Other Revenue $-14,951

TOTAL REVENUE $178,754

Expense Breakdown

Grants Paid $48,100

Salaries & Benefits $0

Fundraising Expenses $55,940

Program Expenses $97,643

Other Expenses $149,962

TOTAL EXPENSES $198,062

Year-over-Year Comparison

	2025	2024	Change
Revenue	$178,754	$189,297	-0.1%
Expenses	$198,062	$162,561	+0.2%
Net Income	$-19,308	$26,736	-1.7%

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

N/A

Volunteers

600

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
MELISSA PATE	TALLYMASTER	16	Director	$0	$0	$0
TERRY PERKINS	DIRECTOR	16	Director	$0	$0	$0
BETTY RAMIREZ	DIRECTOR	16	Director	$0	$0	$0
RICK NEELY	DIRECTOR	16	Director	$0	$0	$0
JESSIE WAGUESPACK	DIRECTOR	16	Director	$0	$0	$0
AARON LARSON	DIRECTOR	16	Director	$0	$0	$0
JAMES BURNS	PRESIDENT	16	Officer	$0	$0	$0
JEFF BAUER	VICE PRESIDENT	16	Officer	$0	$0	$0
HARRY BRITTAN	SECRETARY	16	Officer	$0	$0	$0
MIKE WHITTEN	TREASURER	16	Officer	$0	$0	$0
STEVE HERRIES	EXECUTIVE DIRECTOR	24	Officer	$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
2025	$178,754	$198,062	$674,294	$-19,308
2024	$189,297	$162,561	$694,381	$26,736
2023	$175,500	$165,132	$664,654	$10,368
2022	$160,542	$147,004	$643,090	$13,538
2021	$182,075	$142,908	$637,511	$39,167
2020	$92,016	$105,058	$598,453	$-13,042

CASI INC