THE CHALLENGE FOUNDATION INC (EIN 841480014) - 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

1998

Legal Domicile

Principal Officer

GENE MYERS

Phone

3032093364

Tax Period

2024-06-01 to 2025-05-31

THE CHALLENGE FOUNDATION INC, founded in 1998, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO HELP ECONOMICALLY DISADVANTAGED CHILDREN ATTAIN COLLEGE READINESS.

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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 $1,931,314

Program Service Revenue $0

Investment Income $-350,760

Other Revenue $32,342

TOTAL REVENUE $1,612,896

Expense Breakdown

Grants Paid $604,255

Salaries & Benefits $787,028

Fundraising Expenses $422

Program Expenses $1,883,455

Other Expenses $582,751

TOTAL EXPENSES $1,974,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,612,896	$1,920,617	-0.2%
Expenses	$1,974,034	$1,717,129	+0.1%
Net Income	$-361,138	$203,488	-2.8%

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

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
MARY ELLEN DALTON	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE MYERS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIN VERNERIS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JOHN BIRKELBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
KARI DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LATRICE LEE MCINERNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN SMILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN VALORE-CAPLAN	BOARD MEMBER	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
2025	$1,612,896	$1,974,034	$5,434,171	$-361,138
2024	$1,920,617	$1,717,129	$5,745,131	$203,488
2023	$5,010,246	$1,642,014	$5,661,885	$3,368,232
2022	$1,824,431	$1,305,278	$2,347,047	$519,153
2021	$1,562,031	$1,333,913	$1,818,797	$228,118
2020	$1,206,371	$1,528,579	$1,660,590	$-322,208
2019	$2,501,506	$1,647,431	$20,093,951	$854,075
2018	$3,447,515	$1,908,648	$20,480,889	$1,538,867

THE CHALLENGE FOUNDATION INC