LETTERS 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

2018

Legal Domicile

Principal Officer

HEATHER WHINNA

Phone

6462795764

Tax Period

2025-01-01 to 2025-12-31

LETTERS CHARITY, founded in 2018, is a small nonprofit in the Human Services sector that reported $690K in total revenue in fiscal year 2025. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

LETTERS CHARITY IS A NONPROFIT ORGANIZATION ON A MISSION TO USE ART AS A CONDUIT TO TRANSFORM PASSIVE COMPASSION INTO IMMEDIATE ASSISTANCE THROUGH THE DISTRIBUTION OF MONEY GIVEN, WITHOUT EXPECTATION OR JUDGEMENT, DIRECTLY TO FAMILIES SUFFERING POVERTY.

Program Service Accomplishments

Program 1

Expenses: $300,349

LETTERS TO SANTA - WE SURPRISED SEVENTEEN FAMILIES LIVING IN POVERTY IN CHICAGO. EACH FAMILY RECEIVED NEW CLOTHING, NEW TOYS, FOOD, HOUSEHOLD ESSENTIALS, A NEW COMPUTER FOR EVERY CHILD AND A NEW...

LETTERS TO SANTA - WE SURPRISED SEVENTEEN FAMILIES LIVING IN POVERTY IN CHICAGO. EACH FAMILY RECEIVED NEW CLOTHING, NEW TOYS, FOOD, HOUSEHOLD ESSENTIALS, A NEW COMPUTER FOR EVERY CHILD AND A NEW TABLET FOR EVERY ADULT PLUS AN UNCONDITIONAL CASH GRANT TO EACH FAMILY.

Program 2

Expenses: $293,453

EMERGENCY RELIEF PROGRAM - THE EMERGENCY RELIEF PROGRAM TRANSFORMS COMPASSION INTO IMMEDIATE ACTION DURING EMERGENCIES THAT DISPROPORTIONATELY IMPACT VULNERABLE COMMUNITIES. OUR APPROACH IS SIMPLE...

EMERGENCY RELIEF PROGRAM - THE EMERGENCY RELIEF PROGRAM TRANSFORMS COMPASSION INTO IMMEDIATE ACTION DURING EMERGENCIES THAT DISPROPORTIONATELY IMPACT VULNERABLE COMMUNITIES. OUR APPROACH IS SIMPLE: IDENTIFY URGENT NEEDS IN UNDERSERVED COMMUNITIES DURING CRISIS SITUATIONS, THEN RESPOND WITH DIRECT, UNCONDITIONAL SUPPORT THAT HELPS FAMILIES MAINTAIN THEIR DIGNITIY AND STABILITY. NO RED TAPE, NO WAITING PERIODS - JUST IMMEDIATE HELP WHEN IT MATTERS MOST. 20 FAMILIES WERE SERVED BY THIS PROGRAM THIS YEAR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $677,108

Program Service Revenue $0

Investment Income $907

Other Revenue $12,006

TOTAL REVENUE $690,021

Expense Breakdown

Grants Paid $503,231

Salaries & Benefits $164,749

Fundraising Expenses $72,948

Program Expenses $593,802

Other Expenses $54,019

TOTAL EXPENSES $721,999

Year-over-Year Comparison

	2025	2024	Change
Revenue	$690,021	$475,053	+0.5%
Expenses	$721,999	$411,170	+0.8%
Net Income	$-31,978	$63,883	-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

Volunteers

100

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

$156,333

Total Directors

$52,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER WHINNA	PRESIDENT	40.00	Officer Director	$50,695	$1,703	$52,398
FRED ARMISEN	DIRECTOR	0.25	Director	$0	$0	$0
ASHLEY NICOLE BLACK	DIRECTOR	0.25	Director	$0	$0	$0
EDGAR BLACKMON	DIRECTOR	0.25	Director	$0	$0	$0
ALEXANDER BURKE	DIRECTOR	0.25	Director	$0	$0	$0
JENNIFER CANDY	DIRECTOR	0.25	Director	$0	$0	$0
KIRK CRENSHAW	DIRECTOR	0.25	Director	$0	$0	$0
CHELSEA DEVANTEZ	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT GOLDSTEIN	DIRECTOR	0.25	Director	$0	$0	$0
SHANTIRA JACKSON	DIRECTOR	0.25	Director	$0	$0	$0
TJ JAGODOWSKI	DIRECTOR	0.25	Director	$0	$0	$0
LIZ KOZAK	DIRECTOR	0.25	Director	$0	$0	$0
KATE LAMBERT	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL E MORDEN	DIRECTOR	0.25	Director	$0	$0	$0
BRAD MORRIS	DIRECTOR	0.25	Director	$0	$0	$0
RASHIDA OLAYIWOLA	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS REDD	DIRECTOR	0.25	Director	$0	$0	$0
KATIE RICH	DIRECTOR	0.25	Director	$0	$0	$0
SAM RICHARDSON	DIRECTOR	0.25	Director	$0	$0	$0
AMBER RUFFIN	DIRECTOR	0.25	Director	$0	$0	$0
SPENCER TWEEDY	DIRECTOR	0.25	Director	$0	$0	$0
DREW HESTER	TREASURER	0.25	Officer	$0	$0	$0
JESSE CANNADY	SECRETARY	0.25	Officer	$0	$0	$0
HOLLY LEWIS	EXECUTIVE DIRECTOR	40.00	Officer	$77,462	$26,473	$103,935

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
2025	$690,021	$721,999	$158,529	$-31,978
2024	$475,053	$411,170	$214,605	$63,883
2023	$382,509	$364,587	$173,818	$17,922
2022	$369,035	$396,219	$181,536	$-27,184
2021	$307,202	$291,525	$125,469	$15,677
2020	$218,694	$249,771	$135,617	$-31,077
2019	$568,110	$451,020	$165,592	$117,090