Ronald McDonald House Charities of Greater Charlotte Inc (EIN 204671570) - 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

2006

Legal Domicile

Principal Officer

Denise Cubbedge

Phone

7042885317

Tax Period

2023-01-01 to 2023-12-31

Ronald McDonald House Charities of Greater Charlotte Inc, founded in 2006, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $464K, a strong 17% operating margin.

Mission

RONALD MCDONALD HOUSE OF GREATER CHARLOTTE, INC. WAS ORGANIZED FOR THE PURPOSE OF PROVIDING A HOME FOR SERIOUSLY ILL CHILDREN AND THEIR FAMILIES WHILE THE CHILDREN ARE RECEIVING TREATMENT AT NEARBY MEDICAL FACILITIES.

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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 $2,058,000

Program Service Revenue $155,628

Investment Income $205,483

Other Revenue $335,734

TOTAL REVENUE $2,754,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,270,941

Fundraising Expenses $406,525

Program Expenses $1,729,750

Other Expenses $1,019,991

TOTAL EXPENSES $2,290,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,754,845	$2,009,795	+0.4%
Expenses	$2,290,932	$1,984,770	+0.2%
Net Income	$463,913	$25,025	+17.5%

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

300

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

$151,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Cubbedge	CEO	40.00	Officer	$135,932	$15,238	$151,170
Ann Fox Baum	Director	1.00	Director	$0	$0	$0
Tonya Bruce	Director	1.00	Director	$0	$0	$0
Anthony Cayce	Director	1.00	Director	$0	$0	$0
Alisa Dent	Director	1.00	Director	$0	$0	$0
Kathy McDonough	Director	1.00	Director	$0	$0	$0
Mike Daly	Director	1.00	Director	$0	$0	$0
Marnie Schneider	Director	1.00	Director	$0	$0	$0
Leticia Foster	Director	1.00	Director	$0	$0	$0
Kate Goldberger	Secretary	2.00	Officer Director	$0	$0	$0
Tate Ogburn	Past Chair	2.00	Officer Director	$0	$0	$0
Marcy Dumas	Director	1.00	Director	$0	$0	$0
David Finby	Director	1.00	Director	$0	$0	$0
David Butow	Director	1.00	Director	$0	$0	$0
David Smith	Director	1.00	Director	$0	$0	$0
Dr Catherine Ohmstede	Director	1.00	Director	$0	$0	$0
Christopher Sellitti	Treasurer	1.00	Officer Director	$0	$0	$0
Karen O'Gorman	Director	1.00	Director	$0	$0	$0
Marty Ranft	Chairman	2.00	Officer Director	$0	$0	$0
Diana Sutton	Director	1.00	Director	$0	$0	$0
Caroline Mitchell	Director	1.00	Director	$0	$0	$0
Saeed Moghadam	Director	1.00	Director	$0	$0	$0
Troy Stafford	Director	1.00	Director	$0	$0	$0
Corinne Weber	Director	1.00	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
2024	No data	No data	No data	No data
2023	$2,754,845	$2,290,932	$13,613,695	$463,913
2022	$2,009,795	$1,984,770	$13,014,382	$25,025
2021	$2,572,278	$1,995,168	$13,355,862	$577,110
2020	$1,693,218	$1,846,358	$12,521,197	$-153,140
2019	$1,563,985	$1,789,896	$12,563,833	$-225,911
2018	$1,584,275	$1,566,784	$12,619,192	$17,491

Ronald McDonald House Charities of Greater Charlotte Inc