CHARA INC

EIN: 205315163 501(c)(3) Philanthropy & Grantmaking

CONCORD, NC

Total Revenue
$443,776
Total Expenses
$424,384
Total Assets
$287,579
Net Assets
$287,579
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
CAROL MCDONALD
Phone
7047851557
Tax Period
2025-01-01 to 2025-12-31

CHARA INC, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $444K in total revenue in fiscal year 2025. Expenses of $424K left a modest 4% surplus.

Mission

CHARITABLE OUTREACH PROJECTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $443,776
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $443,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $424,384
Other Expenses $424,384
TOTAL EXPENSES $424,384

Year-over-Year Comparison

2025 2024 Change
Revenue $443,776 $429,116 +0.0%
Expenses $424,384 $393,725 +0.1%
Net Income $19,392 $35,391 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERI FURR DIRECTOR 1.00
Director
$0 $0 $0
TAMBRA COCHRAN DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH HATCHER CHAIRMAN OF THE BOARD 1.00
Director
$0 $0 $0
MICHAEL CORLEY DIRECTOR 1.00
Director
$0 $0 $0
JERI CORLEY DIRECTOR 1.00
Director
$0 $0 $0
RON MCDONALD MANAGER 10.00
Director
$0 $0 $0
JUSTIN THIBAULT DIRECTER 1.00
Director
$0 $0 $0
ROBIN THIBAULT DIRECTOR 1.00
Director
$0 $0 $0
SHERRY ERNEST DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN ERNEST BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE DAVENPORT BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL MCDONALD PRESIDENT 30.00
Officer
$0 $0 $0
JODIE HATCHER SECRETARY 1.00
Officer
$0 $0 $0
DOUGLAS MCDONALD FINANCIAL ADVISOR 1.00
Officer
$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 $443,776 $424,384 $287,579 $19,392
2024 $429,116 $393,725 $331,717 $35,391
2023 $339,495 $280,936 $271,942 $58,559
2022 $406,111 $315,801 $260,307 $90,310
2021 $332,542 $281,082 $169,732 $51,460
2020 $289,229 $261,774 $118,272 $27,455
2019 $239,882 $267,748 $86,914 $-27,866
2018 $212,885 $235,487 $114,780 $-22,602
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CHARA INC with other nonprofits in North Carolina and across the country.