CHEERS

EIN: 810692335 Community Improvement

RICHMOND, VA

Total Revenue
$31,976
Total Expenses
$115,195
Total Assets
$399,728
Net Assets
$249,728
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VA
Principal Officer
CHARLES LESSIN
Phone
8042322589
Tax Period
2023-01-01 to 2023-12-31

CHEERS, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $339K in total revenue in fiscal year 2018. Revenue surged 6474% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 36% operating margin.

Mission

TO PROMOTE THE SOCIAL WELFARE AND COMMON GOOD OF THE PEOPLE OF THE COMMUNITY, OEPRATING EXCLUSIVELY TO HEAL RACIAL DIVISIONS IN FOSTERING A SPIRIT OF UNDERSTANDING AMONG PEOPLE; TO STIMULATE INTEREST IN PUBLIC INTEREST AND POLICY THROUGH PROMOTING THE PRINCIPLES OF GOOD GOVERNMENT AND CITIZENSHIP AND CREATING A FORUM FOR OPEN DIALOG WITH LOCAL LAW ENFORCEMENT; TO CREATE A SAFE RECREATIONAL ATMOSPHERE WHERE PEOPLE CAN TAKE AN ACTIVE INTEREST IN CIVIC, CULTURAL, SOCIAL AND MORAL WELFARE OF THE COMMUNITY, TO PROMOTE GIVING BACK TO THE COMMUNITY, AND TO RAISE THE ETHICAL BAR IN ALL ASPECTS OF THE COMMUNITY, INCLUDING PUBLIC AND PRIVATE, PROFESSIONAL, PERSONAL AND BUUSINESS SETTINGS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,731
Program Service Revenue $0
Investment Income $0
Other Revenue $6,245
TOTAL REVENUE $31,976

Expense Breakdown

Grants Paid $32,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,301
Other Expenses $82,695
TOTAL EXPENSES $115,195

Year-over-Year Comparison

2023 2022 Change
Revenue $31,976 $750,205 -1.0%
Expenses $115,195 $1,101,883 -0.9%
Net Income $-83,219 $-351,678 -0.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW LESSIN PRESIDENT, SECRETARY 20.00
Officer Director
$0 $0 $0
CHARLES LESSIN VICE-PRESIDENT, TREASURER 20.00
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 No data No data No data No data
2023 $31,976 $115,195 $399,728 $-83,219
2022 $750,205 $1,101,883 $482,947 $-351,678
2021 $1,586,686 $1,305,743 $869,139 $280,943
2020 $925,671 $738,221 $493,958 $187,450
2019 $652,455 $590,859 $217,621 $61,596
2018 $339,157 $215,500 $156,963 $123,657
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