CENTER FOR HEALTHY LIVING INC (EIN 264197696) - 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

2008

Legal Domicile

Principal Officer

LYNN IVEY

Phone

7049092070

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR HEALTHY LIVING INC, founded in 2008, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 514% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 73% operating margin.

Mission

TO SERVE INDIVIDUALS LIVING WITH EARLY MEMORY OR COGNITION CONCERNS AND THEIR CAREGIVERS THROUGH PROGRAMS DESIGNED TO OPTIMIZE BRAIN HEALTH FOR AGING WELL, PROMOTE MEMORY WELLNESS, AND PROVIDE RESPITE AND EDUCATION FOR THE WHOLE FAMILY AS WELL AS THE ENTIRE CHARLOTTE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,187,320

Program Service Revenue $786,140

Investment Income $1

Other Revenue $0

TOTAL REVENUE $5,973,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $813,221

Fundraising Expenses $76,343

Program Expenses $1,167,439

Other Expenses $821,095

TOTAL EXPENSES $1,634,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,973,461	$972,366	+5.1%
Expenses	$1,634,316	$1,413,905	+0.2%
Net Income	$4,339,145	$-441,539	-10.8%

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

$45,694

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINDY MIRALIA	DIRECTOR	1.00	Director	$0	$0	$0
BEN GILCHRIST	DIRECTOR	1.00	Director	$0	$0	$0
RICK MENZE	CHAIR	1.00	Officer Director	$0	$0	$0
FRED HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
TRACY READING	DIRECTOR	1.00	Director	$0	$0	$0
LYNN A IVEY	CEO & FOUNDER	40.00	Officer	$45,694	$0	$45,694

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	$5,973,461	$1,634,316	$6,163,647	$4,339,145
2023	$972,366	$1,413,905	$781,003	$-441,539
2022	$1,185,074	$1,296,740	$789,498	$-111,666
2021	$992,941	$1,355,913	$863,983	$-362,972

CENTER FOR HEALTHY LIVING INC