COURTHOUSE AREA CHARITY

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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

2017

Legal Domicile

Principal Officer

JOHN S KELLAM

Phone

7574271822

Tax Period

2024-01-01 to 2024-12-31

COURTHOUSE AREA CHARITY, founded in 2017, is a micro nonprofit in the Human Services sector that reported $84K in total revenue in fiscal year 2024. Revenue surged 141% from the prior year, signaling strong growth momentum. Net assets of $1.0M represent 143 months of operating reserves.

Mission

COURTHOUSE AREA CHARITY ACTIVELY FURTHERS VARIOUS RELIGIOUS, CHARITABLE, EDUCATIONAL AND OTHER ENDEAVORS BY RAISING FUNDS TO SUPPORT THE COMMUNITY. THE ORGANIZATION ALSO OPERATES A BUILDING INTENDED FOR PUBLIC USE AND MEETINGS TO FURTHER EDUCATION AND SERVE AS A LOCATION FOR CHARITABLE ACTIVITIES. THIS BUILDING IS LOCATED IN VIRGINIA BEACH, VA AND IS AVAILABLE TO THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $76,946

THE COURTHOUSE AREA CHARITY BUILDING WAS MADE AVAILABLE TO PROVIDE THE PUBLIC WITH A LOCATION TO FURTHER EDUCATIONAL, RELIGIOUS AND OTHER CHARITABLE ENDEAVORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,164

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $84,174

Expense Breakdown

Grants Paid $3,141

Salaries & Benefits $0

Fundraising Expenses $5,511

Program Expenses $76,946

Other Expenses $87,010

TOTAL EXPENSES $90,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,174	$34,895	+1.4%
Expenses	$90,151	$86,842	+0.0%
Net Income	$-5,977	$-51,947	-0.9%

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
JOHN S KELLAM	PRESIDENT	5.00	Officer Director	$0	$0	$0
SCOTT L BUCHANAN	SECRETARY	3.00	Officer Director	$0	$0	$0
RICHARD S COLLINS	TREASURER	5.00	Officer Director	$0	$0	$0
DONALD H HORSLEY	DIRECTOR	2.00	Director	$0	$0	$0
MATHEW HOOD	DIRECTOR	1.00	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	$84,174	$90,151	$1,879,408	$-5,977
2023	$34,895	$86,842	$1,885,385	$-51,947
2022	$21,942	$88,431	$1,937,332	$-66,489
2021	$15,541	$88,037	$2,003,821	$-72,496
2020	$18,526	$82,773	$2,076,317	$-64,247
2020	$253,687	$82,773	$2,076,317	$170,914
2019	$333,917	$76,303	$2,140,564	$257,614
2019	$1,241,733	$76,303	$2,140,564	$1,165,430
2018	$89,053	$5,073	$974,634	$83,980