LOCAL CHARITY FUND INC

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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

JEREMY JONES

Phone

6512693210

Tax Period

2024-01-01 to 2024-12-31

LOCAL CHARITY FUND INC, founded in 2018, is a micro nonprofit in the Recreation & Sports sector that reported $81K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE SUPPORT TO LOCAL AMATEUR SPORTS AND CLUBS AND FOR YOUTH EDUCATIONAL ASSISTANCE

Program Service Accomplishments

Program 1

PROVIDE SUPPORT FOR YOUTHS LOCAL AMATEUR SPORTS AND CLUBS AND TO PROVIDE FOR YOUTH EDUCATIONAL AND SAFETY ROGRAMS; AND SUPPORT DISADVANTAGED CHILDREN & INDIVIDUALS

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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 $52,707

Program Service Revenue $28,032

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,787

Other Expenses $87,193

TOTAL EXPENSES $87,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,739	$113,808	-0.3%
Expenses	$87,193	$109,360	-0.2%
Net Income	$-6,454	$4,448	-2.5%

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

N/A

Employees

N/A

Volunteers

N/A

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
MICHELLE HENDRICKS	TREASURER	N/A	Officer	$0	$0	$0
DEANN JOHNSON	VICE PREESID	N/A	Officer	$0	$0	$0
JEREMY JONES	PRESIDENT	N/A	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	$80,739	$87,193	$13,889	$-6,454
2023	$113,808	$109,360	$20,343	$4,448