Charlotte Art League Inc (EIN 237414250) - 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

Legal Domicile

Principal Officer

Kate McAllister

Phone

7043762287

Tax Period

2023-06-01 to 2024-05-31

Charlotte Art League Inc is a small nonprofit in the Arts, Culture & Humanities sector that reported $402K in total revenue in fiscal year 2023. Expenses of $776K exceeded revenue, resulting in a 93% operating deficit.

Mission

Support Artists

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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 $176,419

Program Service Revenue $170,919

Investment Income $0

Other Revenue $54,811

TOTAL REVENUE $402,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,516

Fundraising Expenses $0

Program Expenses $776,382

Other Expenses $641,866

TOTAL EXPENSES $776,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,149	$418,123	0.0%
Expenses	$776,382	$441,951	+0.8%
Net Income	$-374,233	$-23,828	+14.7%

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

$13,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Dukes	Executive Dir.	40.00	Officer	$13,077	$0	$13,077
Bo Caudill	President	1.00	Officer Director	$0	$0	$0
Brent Finnell	Vice President	1.00	Officer Director	$0	$0	$0
Adam Tolbert	Secretary	1.00	Officer Director	$0	$0	$0
Lianna Rossman	Treasurer	1.00	Director	$0	$0	$0
Brendan Bailey	Member At Large	1.00		$0	$0	$0
Lizz Baxter	Vice President	1.00		$0	$0	$0
Melissa Frank	Member At Large	1.00		$0	$0	$0
Sherelle Froneberger	Member At Large	1.00		$0	$0	$0
Rachel Hampton	Member At Large	1.00		$0	$0	$0
Andy Jamison-Legere	Member At Large	1.00		$0	$0	$0
Christine Lockett	Member At Large	1.00		$0	$0	$0
Lee Mcvetta	Member At Large	1.00		$0	$0	$0
Shannon Mcknight	President	1.00		$0	$0	$0
Dre Ross	Secretary	1.00		$0	$0	$0
Regina Spagnardi	Member At Large	1.00		$0	$0	$0
Dorrell Turner	Member At Large	1.00		$0	$0	$0
Kj Upkai	Member At Large	1.00		$0	$0	$0
Jameka Whitten	Member At Large	1.00		$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	$402,149	$776,382	$25,968	$-374,233
2023	$418,123	$441,951	$77,572	$-23,828
2022	$219,321	$198,935	$68,018	$20,386

Charlotte Art League Inc