CHARLOTTE ADVENT MEDIA CORPORATION

EIN: 472619016 501(c)(3) Religion

Charlotte, NC

Total Revenue
$127,476
Total Expenses
$194,140
Total Assets
$777,917
Net Assets
$772,148
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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
NC
Principal Officer
Bryan Aalborg
Phone
8036270740
Tax Period
2023-01-01 to 2023-12-31

CHARLOTTE ADVENT MEDIA CORPORATION, founded in 2014, is a small nonprofit in the Religion sector that reported $127K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $194K exceeded revenue, resulting in a 52% operating deficit.

Mission

Form 990 - Organization's Mission - CAMC's mission is "With Grace for You bringing healing and hope in Jesus for life today, tomorrow, and eternity." CAMC operates radio station WGFY Charlotte 1480 AM 24 hours per day. Programming subject matter includes family development, child rearing and education, health information, and religion. Programming is directed to listeners of all backgrounds and ages to inform, stimulate, and educate the audience locally and on a wider basis via the Internet. CAMC operates to provide religious instruction and moral teaching; to teach parents and children principles for strengthening the home; to help members of the community discover solutions to the personal, social, relational, and health problems typical of contemporary times; to provide and promote discussion of all areas of family, social, religious, and personal life issues; and to teach ideals of citizenship, integrity, responsibility, moral rectitude, and spiritual maturity.

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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 $126,869
Program Service Revenue $0
Investment Income $44
Other Revenue $563
TOTAL REVENUE $127,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,434
Fundraising Expenses $2,222
Program Expenses $173,015
Other Expenses $128,484
TOTAL EXPENSES $194,140

Year-over-Year Comparison

2023 2022 Change
Revenue $127,476 $172,622 -0.3%
Expenses $194,140 $165,133 +0.2%
Net Income $-66,664 $7,489 -9.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
15

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bryan Aalborg President/Chairman 12
Officer Director
$0 $0 $0
Eleanor Green Vice President 8
Officer Director
$0 $0 $0
Anita MacNeil Treasurer 5
Officer Director
$0 $0 $0
Wanda Christenberry Asst.Treasurer/Secretary 20
Officer Director
$0 $0 $0
Valeri Knight Director 1
Director
$0 $0 $0
Leslie Louis Director 1
Director
$0 $0 $0
M Dennis Lynn Jr Director 1
Director
$0 $0 $0
Donald Robinson Director 3
Director
$0 $0 $0
Jennette Robinson Director 1
Director
$0 $0 $0
Thea Turay Director 2
Director
$0 $0 $0
Larry Cox Director 1
Director
$0 $0 $0
Dorothy Johnston Director 1
Director
$0 $0 $0
Rick Lauer Director 2
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 No data No data No data No data
2024 No data No data No data No data
2023 $127,476 $194,140 $777,917 $-66,664
2022 $172,622 $165,133 $843,175 $7,489
2021 $151,059 $156,163 $835,947 $-5,104
2020 $128,839 $134,595 $839,077 $-5,756
2019 $137,970 $149,109 $848,676 $-11,139
2018 $199,345 $197,008 $839,529 $2,337
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