Charlotte Is Creative

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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

Phone

7049573084

Tax Period

2024-01-01 to 2024-12-31

Charlotte Is Creative, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $817K in total revenue in fiscal year 2024.

Mission

Charlotte Is Creative develops programs and initiatives designed to break the Charlotte mold and remake it with creativity into a city that draws people in, excites them, and inspires them to invest their financial, social and creative capital.

Program Service Accomplishments

Program 1

Expenses: $639,471 Revenue: $697,977

We want Charlotte to be known as the most welcoming and supportive community in the country for creators, makers and creative entrepreneurs. We work to provide the programs, resources, connections...

We want Charlotte to be known as the most welcoming and supportive community in the country for creators, makers and creative entrepreneurs. We work to provide the programs, resources, connections and opportunities that emerging artists and creative entrepreneurs in Charlotte need to be fulfilled and successful entrepreneurs. We do this through providing micro-grants, capacity building training and programming, networking opportunities, promotional assistance and conduits to paid creative work. During 2024 the organization offer 73 free events that were attended by 9,762 individuals. Additonally the organization awarded 82 micro grants and connected 260 local creatives to paid engagments.

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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 $138,193

Program Service Revenue $679,227

Investment Income $0

Other Revenue $0

TOTAL REVENUE $817,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,686

Fundraising Expenses $52,476

Program Expenses $639,471

Other Expenses $539,255

TOTAL EXPENSES $805,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$817,420	$834,383	0.0%
Expenses	$805,941	$737,456	+0.1%
Net Income	$11,479	$96,927	-0.9%

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

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

Total Directors

$197,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Olin	Director	60.00	Director	$98,500	$0	$98,500
Tim Miner	Director	70.00	Director	$98,500	$0	$98,500
Bryan Li	President	2.00	Officer Director	$0	$0	$0
Stacy Cassio	Vice President	2.00	Officer Director	$0	$0	$0
Rob Bacharach	Treasurer	2.00	Officer Director	$0	$0	$0
Susie Adams	Secretary	2.00	Officer Director	$0	$0	$0
Blair Primis	Director	2.00	Director	$0	$0	$0
Jennifer Appleby	Director	2.00	Director	$0	$0	$0
Lance Morley	Director	2.00	Director	$0	$0	$0
Ryan Lineberry	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	No data	No data	No data	No data
2024	$817,420	$805,941	$408,576	$11,479
2023	$834,383	$737,456	$397,547	$96,927
2022	$545,747	$510,488	$300,918	$35,259
2021	$545,865	$471,332	$265,786	$74,533
2020	$452,334	$364,861	$225,103	$87,473
2019	$415,994	$377,901	$99,584	$38,093