CHEERFUL INC (EIN 813470281) - 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

Richard Kendall

Phone

3038809367

Tax Period

2022-01-01 to 2022-12-31

CHEERFUL INC, founded in 2016, is a small nonprofit that reported $344K in total revenue in fiscal year 2022. The organization ran a surplus of $78K, a strong 23% operating margin.

Mission

The Corporation is a non-profit organization organized and operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1954, as amended, or the corresponding provisions of any subsequent Federal tax law. The purposes for which this Corporation is organized include: To receive and grant funds to public charities and equivalent projects and organizations.

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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 (2022)

Revenue Breakdown

Contributions & Grants $344,016

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,016

Expense Breakdown

Grants Paid $239,670

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,670

Other Expenses $26,470

TOTAL EXPENSES $266,140

Year-over-Year Comparison

	2022	2021	Change
Revenue	$344,016	N/A	N/A
Expenses	$266,140	N/A	N/A
Net Income	$77,876	$0	N/A

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

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
Richard Kendall	President	2	Officer	$0	$0	$0
Chea Davis	Treasurer	0	Officer	$0	$0	$0
Bailey Lindgren	Secretary	0	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
2022	$344,016	$266,140	$77,876	$77,876

CHEERFUL INC