CHARLOTTE CENTER FOR LITERARY ARTS INC (EIN 474988291) - 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

Paul Reali

Phone

7043259798

Tax Period

2025-01-01 to 2025-12-31

CHARLOTTE CENTER FOR LITERARY ARTS INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $483K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 23% operating margin.

Mission

Charlotte Lit's mission is to celebrate the literary arts by educating and engaging writers and readers through classes, conversations, and community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $326,400

Program Service Revenue $152,573

Investment Income $4,311

Other Revenue $0

TOTAL REVENUE $483,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,199

Fundraising Expenses $0

Program Expenses $156,480

Other Expenses $228,987

TOTAL EXPENSES $371,186

Year-over-Year Comparison

	2025	2024	Change
Revenue	$483,284	$436,282	+0.1%
Expenses	$371,186	$359,471	+0.0%
Net Income	$112,098	$76,811	+0.5%

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

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

$20,600

Total Directors

Key Employees

$83,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Reali	Co-founder, Executive Director	40	Key Emp Highest	$83,500	$0	$83,500
Kathryn Collins	Co-founder, Board Chair, Creative Director	30	Officer	$20,600	$0	$20,600
Edwin Williams	Board Member	1	Director	$0	$0	$0
Marsha Rhee	Board Member	1	Director	$0	$0	$0
Louanne Woznicki	Board Member	1	Director	$0	$0	$0
Christine Arvidson	Board Secretary	1	Officer Director	$0	$0	$0
Deborah Bosley	Board Treasurer	1	Officer Director	$0	$0	$0
LeeFredrick Bowen	Board Member	1	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	$483,284	$371,186	$324,112	$112,098
2024	$436,282	$359,471	$206,986	$76,811
2023	$346,296	$339,740	$131,908	$6,556
2022	$349,082	$363,090	$117,409	$-14,008
2021	$221,286	$199,417	$139,099	$21,869

CHARLOTTE CENTER FOR LITERARY ARTS INC