For Charlotte Inc (EIN 474463729) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

Robert D Kelly

Phone

7049955131

Tax Period

2024-01-01 to 2024-12-31

For Charlotte Inc, founded in 2015, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $540K, a strong 43% operating margin.

Mission

To unite the Church to transform the city through the power of the Gospel.

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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 $1,222,588

Program Service Revenue $0

Investment Income $26,214

Other Revenue $0

TOTAL REVENUE $1,248,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $435,965

Fundraising Expenses $0

Program Expenses $665,437

Other Expenses $272,866

TOTAL EXPENSES $708,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,248,802	$647,544	+0.9%
Expenses	$708,831	$565,226	+0.3%
Net Income	$539,971	$82,318	+5.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alex Kennedy	Board Chair	5.00	Director	$0	$0	$0
Ivan Hinrichs	Board Member	2.00	Director	$0	$0	$0
RJ Davis	Board Member	2.00	Director	$0	$0	$0
Barbara Peacock	Board Member	2.00	Director	$0	$0	$0
Charlie Malouf	Board Member	2.00	Director	$0	$0	$0
Robert D Kelly	CEO	40.00	Officer Highest	$0	$0	$0
J K Cobb	Sr VP & CFO	10.00	Officer	$0	$0	$0
Casey Crimmins	VP - Operations	0.00	Key Emp	$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
2024	$1,248,802	$708,831	$1,169,740	$539,971
2023	$647,544	$565,226	$620,747	$82,318
2022	$502,375	$473,887	$530,840	$28,488
2021	$607,642	$438,785	$537,624	$168,857
2020	$403,193	$348,336	$371,001	$54,857
2019	$681,575	$601,696	$277,818	$79,879
2018	$573,498	$591,051	$195,947	$-17,553

For Charlotte Inc