Charis Advocacy Fund

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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

Legal Domicile

Principal Officer

Mary C Acker

Phone

2402951612

Tax Period

2023-01-01 to 2023-12-31

Charis Advocacy Fund, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $428K in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 20% operating margin.

Mission

PROMOTION OF SOCIAL WELFARE TO OTHER 501(C)(3) AND (C)(4) ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $336,574 Revenue: $0

THE ORGANIZATIONS PRINCIPAL ACTIVITY IS THE PROMOTION OF SOCIAL WELFARE THROUGH THE PROVISION OF STRATEGIC AND FINANCIAL SUPPORT TO OTHER ORGANIZATIONS THAT SUPPORT THE ORGANIZATIONS MISSION AND ARE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $428,357

Other Revenue $0

TOTAL REVENUE $428,357

Expense Breakdown

Grants Paid $325,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $336,574

Other Expenses $18,222

TOTAL EXPENSES $343,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,357	$184,601	+1.3%
Expenses	$343,222	$314,798	+0.1%
Net Income	$85,135	$-130,197	-1.7%

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
Brooke Bainum	Director	0.50	Director	$0	$0	$0
Mary C Acker	Secretary/Treasurer	0.50	Officer	$0	$0	$0
David Korotkin	Assistant Secretary	0.25	Officer	$0	$0	$0
Bruce Bainum	President & Director	1.00	Officer Director	$0	$0	$0
Charlene Bainum	Director	1.00	Director	$0	$0	$0
Brian Bainum	Director	0.50	Director	$0	$0	$0
Blake Bainum	Director	0.50	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	No data	No data	No data	No data
2023	$428,357	$343,222	$34,563,655	$85,135
2022	$184,601	$314,798	$34,272,258	$-130,197
2021	$172,609	$25,782	$46,647,723	$146,827
2020	$31,518,009	$646,909	$32,649,558	$30,871,100