WE TAKE IT FOR CHARITY INC (EIN 853916244) - 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

2020

Legal Domicile

Phone

6306960190

Tax Period

2024-01-01 to 2024-12-31

WE TAKE IT FOR CHARITY INC, founded in 2020, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.6M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 58% operating margin.

Mission

Facilitate cash and non cash gifts for charities, churches and missions.

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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 $8,847,049

Program Service Revenue $0

Investment Income $-276,703

Other Revenue $55,910

TOTAL REVENUE $8,626,256

Expense Breakdown

Grants Paid $3,580,911

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,580,911

Other Expenses $27,193

TOTAL EXPENSES $3,608,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,626,256	$4,879,153	+0.8%
Expenses	$3,608,104	$3,206,035	+0.1%
Net Income	$5,018,152	$1,673,118	+2.0%

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

N/A

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

$18,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY WALLACE	President & CEO	5.00	Officer	$18,999	$0	$18,999
PAUL MERRICK	Director	2.00	Director	$0	$0	$0
KURT FRITZ	Director	2.00	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	No data	No data	No data	No data
2024	$8,626,256	$3,608,104	$8,642,803	$5,018,152
2023	$4,879,153	$3,206,035	$3,576,849	$1,673,118
2022	$2,575,991	$1,887,011	$1,908,846	$688,980
2021	$1,073,564	$188,864	$884,800	$884,700

WE TAKE IT FOR CHARITY INC