ROBERT AND CHRISTINE CHILES FOUNDATION (EIN 872476052) - 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

2021

Legal Domicile

Principal Officer

JOAN HENNESSEY

Phone

7346740629

Tax Period

2024-01-01 to 2024-12-31

ROBERT AND CHRISTINE CHILES FOUNDATION, founded in 2021, is a micro nonprofit in the Employment sector that reported $16K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 244% operating deficit.

Mission

(A) TO PROMOTE TRAINING AND EDUCATION IN THE SKILLED TRADES; (B) TO ASSIST PAYMENT OF TUITION FOR PAROCHIAL SCHOOL STUDENTS IN FINANCIAL NEED; AND (C) PROMOTING ACTIVE LIFESTYLES AMONG THE YOUTH OF SOUTHERN WAYNE COUNTY, MICHIGAN BY SUPPORTING LOCAL ATHLETIC ASSOCIATIONS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $15,896

TOTAL REVENUE $15,896

Expense Breakdown

Grants Paid $51,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,000

Other Expenses $3,743

TOTAL EXPENSES $54,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,896	$50,129	-0.7%
Expenses	$54,743	$2,898	+17.9%
Net Income	$-38,847	$47,231	-1.8%

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

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	Role	Reportable Comp	Other Comp	Total
JOHN HENNESSEY	PRESIDENT	Officer Director	$0	$0	$0
JOAN HENNESSEY	SECRETARY/TREASURER	Officer Director	$0	$0	$0
RYAN GREENWALT	DIRECTOR	Director	$0	$0	$0
JOHN GRIFFIN	VICE PRESIDENT	Officer Director	$0	$0	$0
ELAINE FRITZ	DIRECTOR	Director	$0	$0	$0
ROBERT T CHILES	DIRECTOR	Director	$0	$0	$0
ISABELLA CHILES	DIRECTOR	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	$15,896	$54,743	$197,128	$-38,847
2023	$50,129	$2,898	$235,975	$47,231
2022	$86,010	$11,901	$188,744	$74,109
2021	$119,290	$4,655	$114,635	$114,635

ROBERT AND CHRISTINE CHILES FOUNDATION