MARTENS CHARITIES INC (EIN 832885307) - 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

2018

Legal Domicile

Principal Officer

RICHARD MCCABE

Phone

3864419229

Tax Period

2024-01-01 to 2024-12-31

MARTENS CHARITIES INC, founded in 2018, is a micro nonprofit that reported $11K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $202K exceeded revenue, resulting in a 1683% operating deficit.

Mission

CONSTRUCTION OF AN ADDITION TO A PICKLEBALL FACILITY ON PUBLIC LAND OWNED BY THE CITY OF HOLLY HILL FOR USE BY THE GENERAL PUBLIC.

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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 $0

Program Service Revenue $0

Investment Income $11,349

Other Revenue $0

TOTAL REVENUE $11,349

Expense Breakdown

Grants Paid $199,480

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,480

Other Expenses $2,850

TOTAL EXPENSES $202,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,349	$278,133	-1.0%
Expenses	$202,330	$291,281	-0.3%
Net Income	$-190,981	$-13,148	+13.5%

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

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 MCCABE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JULIE MARTENS	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
BILL COOK	TREASURER	5.00	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	$11,349	$202,330	No data	$-190,981
2023	$278,133	$291,281	$190,981	$-13,148
2022	$4,357,142	$5,583,598	$204,129	$-1,226,456
2021	$1,290,799	$13,188	$1,430,585	$1,277,611
2020	$3,110,486	$5,814,412	$136,034	$-2,703,926
2019	$2,831,269	$13,965	$2,839,686	$2,817,304

MARTENS CHARITIES INC