Charlotte Health Initiative Inc

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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

2014

Legal Domicile

Principal Officer

Amaka Ekwonu

Phone

9809398030

Tax Period

2024-03-01 to 2025-02-28

Charlotte Health Initiative Inc, founded in 2014, is a micro nonprofit in the Health Care sector that reported $8K in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $587K exceeded revenue, resulting in a 7141% operating deficit.

Mission

To provide uninsured and underinsured individuals living with HIV with access to quality HIV care and to bridge the gap in services for those insured but lack coverage for certain necessary medical services.

Program Service Accomplishments

Program 1

Expenses: $587,392

Served 510 clients and had 3,733 units of service. The organizations other service accomplishments are as follows: Ambulatory Primary Care to 476 patients with 1,600 units of service Laboratory...

Served 510 clients and had 3,733 units of service. The organizations other service accomplishments are as follows: Ambulatory Primary Care to 476 patients with 1,600 units of service Laboratory Services to 292 patients with 745 units of service Medical Case Management to 286 patients with 658 units of service Insurance CoPay Assistance to 329 patients with 689 units of service Specialists Services to 38 patients with 41 units of service

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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 $14

Program Service Revenue $8,088

Investment Income $10

Other Revenue $0

TOTAL REVENUE $8,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,153

Fundraising Expenses $0

Program Expenses $587,392

Other Expenses $426,239

TOTAL EXPENSES $587,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,112	$1,639,153	-1.0%
Expenses	$587,392	$1,878,823	-0.7%
Net Income	$-579,280	$-239,670	+1.4%

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

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

$487,224

Total Directors

$95,574

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAGBO EKWONU	President	12.00	Officer	$0	$166,650	$391,650
AMAKA EKWONU	Director	20.00	Officer Director	$46,491	$2,592	$95,574
JUSTIN GEREN	Director	8.00	Director	$0	$0	$0
HELEN GRIFFITH	Director	8.00	Director	$0	$0	$0
OLGA KLIBANOV	SecretaryTreasurer	12.00	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
2025	$8,112	$587,392	$5,079,393	$-579,280
2024	$1,639,153	$1,878,823	$5,555,033	$-239,670
2023	$6,887,549	$5,534,452	$5,837,439	$1,353,097
2022	$5,855,634	$4,216,692	$4,480,827	$1,638,942
2021	$4,978,846	$3,962,659	$2,851,031	$1,016,187
2020	$4,322,886	$3,194,448	$1,733,240	$1,128,438
2019	$1,777,177	$1,469,820	$689,163	$307,357