CHARLOTTES CARE INC (EIN 382868924) - 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

1988

Legal Domicile

Principal Officer

CHARLOTTE WHITE

Phone

7342851143

Tax Period

2022-10-01 to 2023-09-30

CHARLOTTES CARE INC, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. The organization ran a surplus of $292K, a strong 23% operating margin.

Mission

TO PROVIDE A ROUND THE CLOCK CARE TO ADULTS WITH MENTAL ILLNESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,264,451

Investment Income $19,344

Other Revenue $0

TOTAL REVENUE $1,283,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $686,166

Fundraising Expenses $0

Program Expenses $869,904

Other Expenses $306,026

TOTAL EXPENSES $992,192

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,283,795	$1,211,177	+0.1%
Expenses	$992,192	$1,027,769	0.0%
Net Income	$291,603	$183,408	+0.6%

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

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
VUITTON ARRINGTON	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH DUCKER	DIRECTOR	N/A	Director	$0	$0	$0
BRENDA DUCKER-SPENCER	DIRECTOR	N/A	Director	$0	$0	$0
JAZZ WHITE	VICE PRESIDE	N/A	Director	$0	$0	$0
KAREN GORETA	TREASURER	N/A	Officer	$0	$0	$0
CHARLOTTE WHITE	PRESIDENT	N/A	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
2023	$1,283,795	$992,192	$1,313,189	$291,603
2022	$1,211,177	$1,027,769	$1,021,586	$183,408
2021	$1,232,418	$994,392	$837,337	$238,026
2020	$983,200	$885,738	$603,855	$97,462
2019	$1,014,622	$859,840	$438,584	$154,782
2018	$792,838	$734,537	$273,921	$58,301

CHARLOTTES CARE INC