CHARLOTTE AREA HOTEL ASSOCIATION (… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

VINCE CHELENA

Phone

7043333234

Tax Period

2019-06-01 to 2020-05-31

CHARLOTTE AREA HOTEL ASSOCIATION (CAHA), founded in 2002, is a small nonprofit in the Community Improvement sector that reported $109K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT THE BUSINESS PURPOSES OF ITS MEMBERS & TO REPRESENT THE WIDER INTEREST OF THE HOTEL INDUSTRY & ITS EMPLOYEES IN THE CHARLOTTE (NC) REGION TO A RANGE OF EXTERNAL BODIES & THE COMMUNITY AS A WHOLE. TO IMPROVE THE STANDARD OF LIVING FOR OUR EMPLOYEES & TO ATTRACT A GROWING HOSPITALITY, TRAVEL & TOURISM BUSINESS TO THE AREA. TO PROVIDE PROGRAMS, INFORMATION & SERVICES THAT MEET ALL OF THESE NEEDS.

Program Service Accomplishments

Program 1

Expenses: $90,194 Revenue: $83,872

DISCOUNT BUS PASS PROGRAM: CAHA BUYS BUS PASSES FROM THE CHARLOTTE TRANSIT SYSTEM IN BULK AT A 20% DISCOUNT AND THEN RESELLS THEM TO THE HOTELS WHO THEN RESELL THEM AT THE DISCOUNTED PRICE TO THEIR EMPLOYEES. THESE PASSES ARE GOOD FOR ALL LOCAL PUBLIC TRANSPORTATION. THE INDIVIDUAL HOTELS COULD NOT BUY AT THE DISCOUNTED RATE OF 20% BECAUSE OF QUANITITY RESTRICTIONS, BUT THROUGH CAHA THEY CAN GET THEM AT THE DICOUNTED RATE AND PASS THE SAVINGS ON TO THEIR EMPLOYEES. THIS HELPS THE EMPLOYEES AND THEIR FAMILIES, AND HELPS MOVE PEOPLE ONTO PUBLIC TRANSPORTATION. MORE THAN 1,000 EMPLOYEES BENEFIT FROM THIS PROGRAM EACH MONTH. THERE ARE NO ADD-ON FEES OR OTHER CHARGES AND THE PROGRAM GENERATES NO OPERATING REVENUE TO CAHA. IT IS A COMPLETE "PASS-THROUGH" OF THE 20% DISCOUNT TO THE EMPLOYEES.

Program 2

Expenses: $3,500 Revenue: $870

MONTHLY MEETINGS: THE ASSOCIATION HOLDS MONTHLY MEETINGS DURING THE YEAR TO DISCUSS LOCAL ISSUES AND LISTEN TO INVITED GUESTS ON MANY DIFFERENT TOPICS AND SUBJECTS. LOCAL BUSINESS AND GOVERNMENT...

MONTHLY MEETINGS: THE ASSOCIATION HOLDS MONTHLY MEETINGS DURING THE YEAR TO DISCUSS LOCAL ISSUES AND LISTEN TO INVITED GUESTS ON MANY DIFFERENT TOPICS AND SUBJECTS. LOCAL BUSINESS AND GOVERNMENT LEADERS ARE INVITED TO ATTEND THESE MEETINGS TO DIALOG WITH THE HOTELIERS ABOUT ISSUES OF MUTUAL CONCERN AND ENABLE THE CITY (AND THE HOTELS) TO CAPITALIZE ON THE OPPORTUNITIES TO BRING NEW BUSINESS TO THE AREA. MEMBER HOTELS HOST THESE MEETINGS, THERE IS NO CHARGE TO ATTEND THESE MEETINGS AND THEY GENERATE NO REVENUE TO THE ASSOCIATION. NETWORKING AND EXCHANGING INSIGHTS AND IDEAS ARE THE IMPORTANT ASPECTS OF THESE MEETINGS, AND SHARING SOLUTIONS TO MUTUAL PROBLEMS, AND CHALLENGES. THESE MEETINGS KEEP THE MEMBERS UP-TO-DATE AND CURRENT WITH WHAT'S GOING ON REGARDING TRAVEL AND TOURISM IN THE REGION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $23,100

Program Service Revenue $84,742

Investment Income $0

Other Revenue $900

TOTAL REVENUE $108,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,285

Other Expenses $15,437

TOTAL EXPENSES $105,631

Year-over-Year Comparison

	2019	2018	Change
Revenue	$108,742	$162,663	-0.3%
Expenses	$105,631	$163,270	-0.4%
Net Income	$3,111	$-607	-6.1%

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
DON LOCKHART	PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
PETER GRILLS	PRESIDENT	0.00	Officer Director	$0	$0	$0
ERIC KOHLENSTEIN	SECRETARY	0.00	Officer Director	$0	$0	$0
BILL BENNETT	TREASURER	0.00	Officer Director	$0	$0	$0
VINCE CHELENA	EXECUTIVE DIRECTOR	20.00	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
2020	$108,742	$105,631	$38,435	$3,111
2019	$162,663	$163,270	$35,024	$-607

CHARLOTTE AREA HOTEL ASSOCIATION (CAHA)