Charlotte Sports Foundation

EIN: 462059715 501(c)(3) Recreation & Sports

Charlotte, NC

Total Revenue
$23,265,919
Total Expenses
$21,682,601
Total Assets
$22,608,097
Net Assets
$19,328,665
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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
2013
Legal Domicile
NC
Phone
7046444047
Tax Period
2023-04-01 to 2024-03-31

Charlotte Sports Foundation, founded in 2013, is a mid-sized nonprofit in the Recreation & Sports sector that reported $23.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $21.7M left a modest 7% surplus.

Mission

The Charlotte Sports Foundation is a non-profit, 501(c)(3) organization that enhances the economy and quality of life in the Charlotte region.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,671,524
Program Service Revenue $16,567,217
Investment Income $450,019
Other Revenue $1,577,159
TOTAL REVENUE $23,265,919

Expense Breakdown

Grants Paid $14,232,016
Salaries & Benefits $2,047,871
Fundraising Expenses $157,619
Program Expenses $20,001,298
Other Expenses $5,402,714
TOTAL EXPENSES $21,682,601

Year-over-Year Comparison

2023 2022 Change
Revenue $23,265,919 $18,481,910 +0.3%
Expenses $21,682,601 $16,064,841 +0.3%
Net Income $1,583,318 $2,417,069 -0.3%
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

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Governance

Voting Members
37
Independent Members
35
Employees
8
Volunteers
150

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
7
$783,895
Total Directors
39
$472,405
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Co-Chair of the Board 2.0
Officer Director
$0 $0 $0
N/A Executive Director 40.0
Officer Director
$413,375 $59,030 $472,405
N/A Co-Chair of the Board 40.0
Officer Director
$0 $0 $0
N/A Assistant Secretary 2.0
Officer Director
$0 $0 $0
N/A Vice President 2.0
Officer Director
$0 $0 $0
N/A Treasurer/Secretary 2.0
Officer Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
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$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Chief Operating Officer 40.0
Officer
$256,260 $55,230 $311,490
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
2025 No data No data No data No data
2024 $23,265,919 $21,682,601 $22,608,097 $1,583,318
2023 $18,481,910 $16,064,841 $17,953,915 $2,417,069
2022 $23,218,983 $25,339,679 $17,242,160 $-2,120,696
2021 $17,786,465 $4,490,237 $18,202,027 $13,296,228
2020 $13,711,086 $17,344,026 $6,075,152 $-3,632,940
2019 $19,316,303 $19,804,438 $15,020,585 $-488,135
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