CHEERS

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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

2015

Legal Domicile

Principal Officer

CHARLES LESSIN

Phone

8042322589

Tax Period

2023-01-01 to 2023-12-31

CHEERS, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $32K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $115K exceeded revenue, resulting in a 260% operating deficit.

Mission

TO PROMOTE AND STIMULATE INTEREST IN PUBLIC POLICY CONVERSATION, AND OTHER ACTIVITIES FOR THE MORALE, WELFARE AND BENEFIT OF ITS MEMBERS AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $54,301

THE ORGANIZATION HOSTS MULTIPLE EVENTS EACH WEEK INCLUDING DJ'S AND/OR LIVE BANDS, COMEDY/POETRY AND OPEN MIC NIGHTS, KARAOKE, SPECIAL BOXING/FIGHT NIGHT EVENTS FOR MEMBERS AND THEIR GUESTS AS WELL AS THE COMMUNITY TO "BRING THE NEIGHBORHOOD TOGETHER AND TO FOSTER FELLOWSHIP AND CREATE A SAFE RECREATIONAL ENVIRONMENT. THE ORGANIZATION IS INVOLVED IN DEVELOPING AND HOSTING EVENTS TO FACILITATE CONVERSATION AND "TIME TOGETHER" TO HEAL RACIAL DIVISION AND PROMOTE DIALOGUE WITH LOCAL LAW ENFORCEMENT.

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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 (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

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
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