BUILDING CHARTERS FUND INC (EIN 822116378) - 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

2017

Legal Domicile

Principal Officer

BUDDY PHILPOT

Phone

2125717260

Tax Period

2024-01-01 to 2024-12-31

BUILDING CHARTERS FUND INC, founded in 2017, is a community nonprofit in the Human Services sector that reported $9.6M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $8.2M left a modest 15% surplus.

Mission

TO PROVIDE TECHNICAL ASSISTANCE AND CAPITAL FUNDING FROM PRIVATE AND PHILANTHROPIC SOURCES TO SUPPORT FACILITY DEVELOPMENTS OF HIGH PERFORMING PUBLIC CHARTER SCHOOLS.

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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 $567,550

Program Service Revenue $7,964,083

Investment Income $1,118,210

Other Revenue $0

TOTAL REVENUE $9,649,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,053,201

Other Expenses $8,224,520

TOTAL EXPENSES $8,224,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,649,843	$19,001,730	-0.5%
Expenses	$8,224,520	$7,632,794	+0.1%
Net Income	$1,425,323	$11,368,936	-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
BUDDY PHILPOT	PRESIDENT	4.00	Officer Director	$0	$0	$0
BRAHM CRAMER	TREASURER	4.00	Officer Director	$0	$0	$0
SCOTT PEARSON	SECRETARY	4.00	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	$9,649,843	$8,224,520	$228,212,427	$1,425,323
2023	$19,001,730	$7,632,794	$186,804,831	$11,368,936
2022	$4,870,506	$5,422,522	$127,614,696	$-552,016
2021	$3,488,358	$3,411,401	$98,422,899	$76,957
2020	$1,996,561	$2,395,842	$57,145,786	$-399,281
2019	$927,756	$1,469,568	$23,444,713	$-541,812

BUILDING CHARTERS FUND INC