NICE CHARITIES 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

2019

Principal Officer

DENNIS BARRINEAU

Phone

9044913112

Tax Period

2024-01-01 to 2024-12-31

NICE CHARITIES INC, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 4349% from the prior year, signaling strong growth momentum.

Mission

TO RAISE MONIES THROUGH FUNDRAISING EVENTS AND DONATE THE MONIES TO NATIONAL CHARITIES

Program Service Accomplishments

Program 1

Expenses: $1,029,700

TO RAISE MONIES THROUGH FUNDRAISING EVENTS AND DONATE THE MONIES TO NATIONAL CHARITIES

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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 $23,630

Program Service Revenue $0

Investment Income $989

Other Revenue $1,010,038

TOTAL REVENUE $1,034,657

Expense Breakdown

Grants Paid $1,029,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,029,700

Other Expenses $5,600

TOTAL EXPENSES $1,035,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,034,657	$23,257	+43.5%
Expenses	$1,035,300	$136	+7611.5%
Net Income	$-643	$23,121	-1.0%

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
DAVID B DUDGEON	MGR	N/A	Director	$0	$0	$0
DEWAYNE GOLEY	MGR	N/A	Director	$0	$0	$0
THOMAS HAYES	MGR	N/A	Director	$0	$0	$0
KEVIN KINZLER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
EDWARD M RICHARDS	MGR	N/A	Director	$0	$0	$0
DENNIS BARRINEAU	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	$1,034,657	$1,035,300	$60,709	$-643
2023	$23,257	$136	$75,709	$23,121
2022	$691,114	$705,733	$38,231	$-14,619
2021	No data	No data	$120,665	No data
2020	$454,198	$401,348	$52,850	$52,850