PLAN OF ACTION FOR CHALLENGING TIMES INC (EIN 941569303) - 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

1963

Legal Domicile

Phone

7075569357

Tax Period

2023-09-01 to 2024-08-31

PLAN OF ACTION FOR CHALLENGING TIMES INC, founded in 1963, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $978K left a modest 4% surplus.

Mission

Partnering with disadvantaged youth by providing the tools to help them achieve their goals of going to college and securing economic stability

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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 $971,203

Program Service Revenue $0

Investment Income $1,078

Other Revenue $41,700

TOTAL REVENUE $1,013,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $621,279

Fundraising Expenses $0

Program Expenses $836,291

Other Expenses $357,189

TOTAL EXPENSES $978,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,013,981	$846,187	+0.2%
Expenses	$978,468	$776,160	+0.3%
Net Income	$35,513	$70,027	-0.5%

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

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
Everett Brandon JD	Chair	5	Director	$0	$0	$0
Linda Barton White	Secretary	5	Director	$0	$0	$0
Martin White	Treasurer	5	Director	$0	$0	$0
Kimberly Brandon	Member	5	Director	$0	$0	$0
Johnathan Logan	Member	5	Director	$0	$0	$0
Annette Dennett	Project Director	40	Highest	$116,484	$0	$116,484
Sharon Arvie	Deputy Project Director	40	Highest	$115,984	$0	$115,984

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	$1,013,981	$978,468	$333,763	$35,513
2023	$848,187	$776,160	$225,650	$72,027
2022	$558,886	$634,061	$128,095	$-75,175
2021	$726,750	$746,740	$219,143	$-19,990
2020	$523,208	$532,944	$171,806	$-9,736

PLAN OF ACTION FOR CHALLENGING TIMES INC