UrbanPromise Charlotte (EIN 472302870) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Jimmy McQuilkin

Phone

3013259471

Tax Period

2024-07-01 to 2025-06-30

UrbanPromise Charlotte, founded in 2014, is a community nonprofit in the Youth Development sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 43% operating margin.

Mission

Our mission at UrbanPromise is to provide Charlotte's children and youth with the spiritual, academic, and social development necessary to become Christian leaders determined to restore their communities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,512,841

Program Service Revenue $0

Investment Income $0

Other Revenue $5,298

TOTAL REVENUE $5,518,139

Expense Breakdown

Grants Paid $2,602

Salaries & Benefits $2,257,513

Fundraising Expenses $249,192

Program Expenses $2,716,112

Other Expenses $888,477

TOTAL EXPENSES $3,148,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,518,139	$2,597,754	+1.1%
Expenses	$3,148,592	$2,998,496	+0.1%
Net Income	$2,369,547	$-400,742	-6.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

244

Volunteers

230

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

$127,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jimmy McQuilkin	Executive Dir.	50.00	Officer	$107,637	$20,360	$127,997
Brisa Urquieta de Hernandez	Chair	2.00	Officer Director	$0	$0	$0
Erika Reynoso	Vice Chair	2.00	Officer Director	$0	$0	$0
Bill Noel	Treasurer	2.00	Officer Director	$0	$0	$0
Steve Gassaway	Secretary	2.00	Officer Director	$0	$0	$0
Dave Mathews	Director	2.00	Director	$0	$0	$0
Ashley Wright	Director	2.00	Director	$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	$5,518,139	$3,148,592	$3,691,255	$2,369,547
2024	$2,597,754	$2,998,496	$1,250,641	$-400,742
2023	$2,315,390	$2,561,207	$1,593,167	$-245,817
2022	$3,303,316	$2,175,300	$1,805,956	$1,128,016
2021	$1,848,909	$1,788,897	$755,521	$60,012
2020	$1,681,251	$1,314,721	$728,581	$366,530
2019	$1,388,255	$1,263,506	$291,759	$124,749

UrbanPromise Charlotte