CHARLOTTE REGION CHAPTER OF SIM (EIN 271745235) - 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

2010

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

CHARLOTTE REGION CHAPTER OF SIM, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $113K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 26% operating deficit.

Mission

The Chapter strives to strengthen professional communications among members who direct the application of information technology in private and pubic organizations (through meetings and education, networking, and philanthropy).

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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 $10,167

Program Service Revenue $16,100

Investment Income $0

Other Revenue $86,603

TOTAL REVENUE $112,870

Expense Breakdown

Grants Paid $117,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,424

Other Expenses $24,583

TOTAL EXPENSES $142,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,870	$149,893	-0.2%
Expenses	$142,083	$129,028	+0.1%
Net Income	$-29,213	$20,865	-2.4%

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
AMY PHILLIPS	PRESIDENT	5.00	Officer	$0	$0	$0
MELISSA SAWYER	VICE PRESIENT PRESIDENT ELECT	5.00	Officer	$0	$0	$0
EDDIE BRUCE	SECRETARY	2.00	Officer	$0	$0	$0
CHRIS LONG	TREASURER PAST PRESIDENT	2.00	Officer	$0	$0	$0
KATYA GORLATOVA	MEMBERSHIP CO-CHAIR	2.00	Officer	$0	$0	$0
ADLI ISSA	MEMBERSHIP CO-CHAIR	2.00	Officer	$0	$0	$0
DREW WATTS	PROGRAMS CO-CHAIR	2.00	Officer	$0	$0	$0
WES WETMORE	PROGRAMS CO-CHAIR	2.00	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
2024	$112,870	$142,083	$33,477	$-29,213
2023	$149,893	$129,028	$62,690	$20,865

CHARLOTTE REGION CHAPTER OF SIM