MIDTOWN RALEIGH ALLIANCE INC

EIN: 452559048 Community Improvement

RALEIGH, NC

Total Revenue
$137,805
Total Expenses
$132,867
Total Assets
$89,994
Net Assets
$88,884
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NC
Principal Officer
EMILE HARTMAN
Phone
9194382210
Tax Period
2024-01-01 to 2024-12-31

MIDTOWN RALEIGH ALLIANCE INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $138K in total revenue in fiscal year 2024. Expenses of $133K left a modest 4% surplus.

Mission

THE ALLIANCE SERVES AS AN IMPORTANT LINK IN THE ONGOING PUBLIC DIALOG AND CITY/COUNTY PLANNING AROUND THE ISSUES OF TRANSIT, CONNECTIVITY, CORRIDOR DEVELOPMENT, AND SMART GROWTH. THE ALLIANCE WILL ALSO SERVE AS AN IMPORTANT CATALYST IN THE LIFE OF OUR COMMUNITY, CREATING NEW OPPORTUNITIES FOR CONSTITUENT GROUPS TO ENGAGE WITH ONE ANOTHER, OFFER CULTURAL EVENTS, FOSTER EDUCATION, AND ENHANCE LEISURE ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $64,000
Program Service Revenue $135,700
Investment Income $0
Other Revenue $-61,895
TOTAL REVENUE $137,805

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,033
Fundraising Expenses $0
Program Expenses $102,295
Other Expenses $26,834
TOTAL EXPENSES $132,867

Year-over-Year Comparison

2024 2023 Change
Revenue $137,805 $134,634 +0.0%
Expenses $132,867 $128,253 +0.0%
Net Income $4,938 $6,381 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
2
Volunteers
22

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
5
$77,557
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY IRBY CHAIRPERSON 2.00
Officer Director
$0 $0 $0
JEVON PETERSON VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
BRET BURGESS TREASURER 2.00
Officer Director
$0 $0 $0
CHARIS PAINTER SECRETARY 2.00
Officer Director
$0 $0 $0
DREW WALLS BOARD MEMBER 1.00
Director
$0 $0 $0
TIMOTHY SHRIVER BOARD MEMBER 1.00
Director
$0 $0 $0
MARC MORRISTON BOARD MEMBER 1.00
Director
$0 $0 $0
JENN AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA CHUNN BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN BEATTIE BOARD MEMBER 1.00
Director
$0 $0 $0
BONNER GAYLORD BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN LIVINGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
KENT BRASWELL BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN PEOPLES BOARD MEMBER 1.00
Director
$0 $0 $0
GINA STEPHENS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES RICHARDSON BOARD MEMBER 1.00
Director
$0 $0 $0
DIONNE MCLEAN BOARD MEMBER 1.00
Director
$0 $0 $0
TOBY COLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOE DAVIES BOARD MEMBER 1.00
Director
$0 $0 $0
JAMIE PACHECO BOARD MEMBER 1.00
Director
$0 $0 $0
DR JEFF ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
EMILE HARTMAN EXECUTIVE DIRECTOR 40.00
Officer
$72,885 $4,672 $77,557
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 $137,805 $132,867 $89,994 $4,938
2023 $134,634 $128,253 $84,074 $6,381
2022 $140,641 $133,647 $78,202 $6,994
2021 $155,795 $139,634 $71,723 $16,161
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