THE HUMAN SERVICE CHAMBER FOUNDATION (EIN 811868222) - 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

2016

Legal Domicile

Principal Officer

MICHAEL COREY

Phone

6144294238

Tax Period

2023-01-01 to 2023-12-31

THE HUMAN SERVICE CHAMBER FOUNDATION, founded in 2016, is a small nonprofit in the Education sector that reported $373K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $472K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROMOTE AND SUPPORT HUMAN SERVICE AGENCIES OF CENTRAL OHIO IN BECOMING MORE EFFECTIVE, EFFICIENT, AND SELF-SUSTAINING. EMPLOY SUCH PERSONS AS THE CORPORATION'S BOARD OF DIRECTORS DEEMS NECESSARY TO CARRY OUT THE PURPOSES DESCRIBED HEREIN AND PAY REASONABLE COMPENSATION FOR THEIR SERVICES SOLICIT, RECEIVE, AND MAINTAIN, AND DISTRIBUTE FUNDS IN FURTHERANCE OF THE PURPOSES OF THE CORPORATION AND ENGAGE IN ANY LAWFUL ACT, ACTIVITY , OR BUSINESS NOT CONTRARY TO AND FOR WHICH A NONPROFIT CORPORATION MAY BE FORMED UNDER THE LAWS OF THE STATE OF OHIO, AND TO HAVE AND EXERCISE ALL POWERS CONFERRED BY THE LAWS OF THE STATE OF OHIO OVER NONPROFIT CORPORATIONS.

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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 $373,050

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $373,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $440,280

Other Expenses $472,266

TOTAL EXPENSES $472,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$373,050	$207,823	+0.8%
Expenses	$472,266	$4,755	+98.3%
Net Income	$-99,216	$203,068	-1.5%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE CASARES	CHAIR	1.00	Officer Director	$0	$0	$0
KATE MCGARVEY	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL COREY	EXECUTIVE DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$373,050	$472,266	$154,015	$-99,216
2022	$207,823	$4,755	$235,593	$203,068
2021	$15,720	$60	$81,525	$15,660
2020	$225,584	$231,204	$64,865	$-5,620
2019	$78,731	$64,280	$74,485	$14,451

THE HUMAN SERVICE CHAMBER FOUNDATION