EVERED HOUSE

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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

2020

Legal Domicile

Principal Officer

CHARLES EVERED

Phone

8043842983

Tax Period

2023-01-01 to 2023-12-31

EVERED HOUSE, founded in 2020, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $37K exceeded revenue, resulting in a 1538% operating deficit.

Mission

OUR MISSION IS TO FOSTER AND FACILITATE THE CREATIVITY OF MILITARY VETERANS AND THOSE WHO SERVE IN CONFLICT ZONES THROUGH PROGRAMS INCLUDING, BUT NOT LIMITED TO MENTORING, A SAFE ENVIRONMENT FOR CREATIVITY, AND PRACTICING ACT.

Program Service Accomplishments

Program 1

Expenses: $2,500 Revenue: $2,263

CONTINUED DEVELOPMENT OF THE 200 CAMPAIGN FUNDRAISING PROGRAM. SOLD THE CALIFORNIA PROPERTY, MOVED ACROSS COUNTRY AND PURCHASED A PLOT OF LAND FOR THE NEW HOUSE WE ARE STARTING TO DEVELOP IN PORT...

CONTINUED DEVELOPMENT OF THE 200 CAMPAIGN FUNDRAISING PROGRAM. SOLD THE CALIFORNIA PROPERTY, MOVED ACROSS COUNTRY AND PURCHASED A PLOT OF LAND FOR THE NEW HOUSE WE ARE STARTING TO DEVELOP IN PORT HAYWOOD, VA. PURCHASED A VEHICLE FOR THE DEVELOPMENT OF NEW PROPERTY, WEBSITE DEVELOPMENT, CONTINUED ARCHIVING OF EVENTS. WE ALSO BEGAN IMPLEMENTING OUR FIRST GRANT PROGRAM, BESTOWING GRANTS OUT TO ARTISTS WHO HAVE SERVED.ON THE BUILDING SITE, WE'RE CLEARING TREES, CUTTING PATHS, CARVING OUT A PARKING LOT, BUILDING A DRIVEWAY, ADDING A DEEP WELL AND A PIER ALL IN PREPARATION FOR DIGGING INSTALLING A SEPTIC AND STARTING THE CABIN BUILD.THE "ADOPT A SAILOR - 50 STATE TOUR" CONTINUES TO THE POINT OF OUR HAVING ALREADY COVERED 47 STATES. THE TOUR HAS GONE A LONG WAY TOWARD RAISING AWARENESS OF THE RESIDENCY. WE CONTINUE TO IMPLEMENT OUR GRANT PROGRAM, BESTOWING GRANTS OUT TO ARTISTS WHO HAVE SERVED. MAINTAINING THE RESIDENCY LOT AND PERSONAL MENTORSHIPS WITH ARTISTS AND ASPIRING CREATORS.

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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 $2,263

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,263

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $8,700

Fundraising Expenses $0

Program Expenses $2,500

Other Expenses $25,867

TOTAL EXPENSES $37,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,263	$2,752	-0.2%
Expenses	$37,067	$54,217	-0.3%
Net Income	$-34,804	$-51,465	-0.3%

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

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
CHARLES EVERED	PRESIDENT	20.00	Officer Director	$0	$0	$0
MARGARET EVERED	SECRETARY	2.00	Officer Director	$0	$0	$0
RAYMOND PINGLORA	TREASURER	2.00	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
2023	$2,263	$37,067	$134,150	$-34,804
2022	$2,752	$54,217	$168,954	$-51,465
2021	$233,660	$20,141	$220,419	$213,519