CHARLOTTE REGIONAL BUSINESS ALLIANCE

EIN: 560173610

CHARLOTTE, NC

Total Revenue
$8,689,923
Total Expenses
$9,033,387
Total Assets
$7,844,148
Net Assets
$1,271,631
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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
1915
Legal Domicile
NC
Principal Officer
JOAQUIN SORIA
Phone
7043781324
Tax Period
2023-01-01 to 2023-12-31

CHARLOTTE REGIONAL BUSINESS ALLIANCE, founded in 1915, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ADVANCE THE CHARLOTTE REGION TO CREATE OPPORTUNITY, ECONOMIC GROWTH, AND PROSPERITY FOR ALL.

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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 $0
Program Service Revenue $8,554,330
Investment Income $135,593
Other Revenue $0
TOTAL REVENUE $8,689,923

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,902,745
Fundraising Expenses $0
Other Expenses $4,130,642
TOTAL EXPENSES $9,033,387

Year-over-Year Comparison

2023 2022 Change
Revenue $8,689,923 $7,911,848 +0.1%
Expenses $9,033,387 $9,290,991 0.0%
Net Income $-343,464 $-1,379,143 -0.8%
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

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Governance

Voting Members
75
Independent Members
75
Employees
39
Volunteers
164

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
8
$804,985
Total Directors
99
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANET LABAR PRESIDENT & CEO 40.00
Officer
$483,810 $30,459 $514,269
DANNY CHAVEZ CHIEF BUSINESS RECRUITMENT OFFICER 40.00
Highest
$276,914 $29,519 $306,433
JOAQUIN SORIA CFO 40.00
Officer
$250,018 $40,698 $290,716
KARI HACKETT CHIEF DEVELOPMENT & INVESTOR RELATIONS 40.00
Highest
$246,674 $36,740 $283,414
ROBERT J HORTON CHIEF MARKETING OFFICER 40.00
Highest
$251,744 $20,970 $272,714
JOSEPH BOST CHIEF ADVOCACY OFFICER 40.00
Highest
$194,079 $47,889 $241,968
NATHANIEL HOGAN PRESIDENT, CLT ALLIANCE FOUNDATION 1.00
Highest
$189,711 $14,863 $204,574
RANDY ALEXANDER TRUSTEE 1.00
Director
$0 $0 $0
OLIVER BADGIO TRUSTEE 1.00
Director
$0 $0 $0
STEVE BAGWELL TRUSTEE 1.00
Director
$0 $0 $0
TIM BAIER TRUSTEE 1.00
Director
$0 $0 $0
SETH BENNETT TRUSTEE 1.00
Director
$0 $0 $0
TARIQ BOKHARI TRUSTEE 1.00
Director
$0 $0 $0
JENN BOSSER TRUSTEE 1.00
Director
$0 $0 $0
GREG BOULANGER TRUSTEE 1.00
Director
$0 $0 $0
CHARLIS BROCK TRUSTEE 1.00
Director
$0 $0 $0
JAKE BURNS TRUSTEE 1.00
Director
$0 $0 $0
JOSH CHARLESWORTH TRUSTEE 1.00
Director
$0 $0 $0
DERICK CLOSE TRUSTEE 1.00
Director
$0 $0 $0
KRISTI COLEMAN TRUSTEE 1.00
Director
$0 $0 $0
MALCOMB COLEY TRUSTEE 1.00
Director
$0 $0 $0
KINNEIL COLTMAN TRUSTEE 1.00
Director
$0 $0 $0
ROD CRIDER TRUSTEE 1.00
Director
$0 $0 $0
BOJAN CUKIC TRUSTEE 1.00
Director
$0 $0 $0
KANDI DEITEMEYER TRUSTEE 1.00
Director
$0 $0 $0
DENA DIORIO TRUSTEE 1.00
Director
$0 $0 $0
BETTY DOSTER TRUSTEE 1.00
Director
$0 $0 $0
GEORGE DUNLAP TRUSTEE 1.00
Director
$0 $0 $0
SAAD EHTISHAM TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN EVANS TRUSTEE 1.00
Director
$0 $0 $0
TONI FARMER-THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
LEE FITE TRUSTEE 1.00
Director
$0 $0 $0
JOE FOSTER TRUSTEE 1.00
Director
$0 $0 $0
CARLA FRENCH TRUSTEE 1.00
Director
$0 $0 $0
GERALDINE GARDNER TRUSTEE 1.00
Director
$0 $0 $0
ALBERTO GONZALEZ TRUSTEE 1.00
Director
$0 $0 $0
GEOFF GRAY TRUSTEE 1.00
Director
$0 $0 $0
BRETT GRAY TRUSTEE 1.00
Director
$0 $0 $0
CHRIS GREENE TRUSTEE 1.00
Director
$0 $0 $0
DENISE HALLETT TRUSTEE 1.00
Director
$0 $0 $0
KEVIN HART TRUSTEE 1.00
Director
$0 $0 $0
KEN HAYNES TRUSTEE 1.00
Director
$0 $0 $0
DAVID HEAD TRUSTEE 1.00
Director
$0 $0 $0
REGINALD HENDERSON TRUSTEE 1.00
Director
$0 $0 $0
THOMAS HERTLEIN TRUSTEE 1.00
Director
$0 $0 $0
DONNY HICKS TRUSTEE 1.00
Director
$0 $0 $0
MELISSA HLAVAC TRUSTEE 1.00
Director
$0 $0 $0
WATTS HUCKABEE TRUSTEE 1.00
Director
$0 $0 $0
JULIE JANSON TRUSTEE 1.00
Director
$0 $0 $0
PAT JONES TRUSTEE 1.00
Director
$0 $0 $0
MARCUS JONES TRUSTEE 1.00
Director
$0 $0 $0
JENNA KELLY TRUSTEE 1.00
Director
$0 $0 $0
DANA KILLIAN TRUSTEE 1.00
Director
$0 $0 $0
VALERIE KINLOCH TRUSTEE 1.00
Director
$0 $0 $0
JEFF LEDFORD TRUSTEE 1.00
Director
$0 $0 $0
DAVID LEE TRUSTEE 1.00
Director
$0 $0 $0
CYNTHIA LIMA TRUSTEE 1.00
Director
$0 $0 $0
CAROL LOVIN TRUSTEE 1.00
Director
$0 $0 $0
DANIEL LUGO TRUSTEE 1.00
Director
$0 $0 $0
MARINA LVOVICH TRUSTEE 1.00
Director
$0 $0 $0
KAREN MATTIMORE TRUSTEE 1.00
Director
$0 $0 $0
ERIC MAUNTEL TRUSTEE 1.00
Director
$0 $0 $0
MARISSA MICHAELS TRUSTEE 1.00
Director
$0 $0 $0
TRACY MONTROSS TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER MOXLEY TRUSTEE 1.00
Director
$0 $0 $0
AMY MURPHY CURLIS TRUSTEE 1.00
Director
$0 $0 $0
DIANNE NEURAUTER TRUSTEE 1.00
Director
$0 $0 $0
DEWEY NORWOOD JR TRUSTEE 1.00
Director
$0 $0 $0
ZACH PANNIER TRUSTEE 1.00
Director
$0 $0 $0
CHRIS PATERSON TRUSTEE 1.00
Director
$0 $0 $0
BEN PICKETT TRUSTEE 1.00
Director
$0 $0 $0
EMILY PILLARS TRUSTEE 1.00
Director
$0 $0 $0
WALTER PRICE TRUSTEE 1.00
Director
$0 $0 $0
KERR PUTNEY TRUSTEE 1.00
Director
$0 $0 $0
ABBEY RAMPY TRUSTEE 1.00
Director
$0 $0 $0
MIKE RIZER TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA RODGERS TRUSTEE 1.00
Director
$0 $0 $0
JULIE ROPER TRUSTEE 1.00
Director
$0 $0 $0
CARRIE RUDDY TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN RUTLEDGE TRUSTEE 1.00
Director
$0 $0 $0
ALAN SAUBER TRUSTEE 1.00
Director
$0 $0 $0
BROOKE SENTER TRUSTEE 1.00
Director
$0 $0 $0
HUNTER SHULL TRUSTEE 1.00
Director
$0 $0 $0
ADAM SHUMATE TRUSTEE 1.00
Director
$0 $0 $0
KRISTERPHER SMITH TRUSTEE 1.00
Director
$0 $0 $0
DAVID SMITH TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL SMITH TRUSTEE 1.00
Director
$0 $0 $0
BRANDON SPEARS TRUSTEE 1.00
Director
$0 $0 $0
MIKE TANKSLEY TRUSTEE 1.00
Director
$0 $0 $0
BEN TARIO TRUSTEE 1.00
Director
$0 $0 $0
BRENT TOLLISON TRUSTEE 1.00
Director
$0 $0 $0
SOLANGE TRICANOWICZ TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER TROYER TRUSTEE 1.00
Director
$0 $0 $0
LAURA ULLRICH TRUSTEE 1.00
Director
$0 $0 $0
GREG WALTER TRUSTEE 1.00
Director
$0 $0 $0
MARTHA WEGNER TRUSTEE 1.00
Director
$0 $0 $0
SASHA WEINTRAUB TRUSTEE 1.00
Director
$0 $0 $0
FRED WHITFIELD TRUSTEE 1.00
Director
$0 $0 $0
LAURA YATES CLARK TRUSTEE 1.00
Director
$0 $0 $0
TEROSS YOUNG TRUSTEE 1.00
Director
$0 $0 $0
ALISON SUMMERVILLE CHAIR 5.00
Officer Director
$0 $0 $0
SHALANNA PIRTLE SECRETARY & GENERAL COUNSEL 3.00
Officer Director
$0 $0 $0
KIETH COCKRELL IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
JOHN GIANNUZZI TREASURER 2.00
Officer Director
$0 $0 $0
DAVID LONGO 1ST VICE CHAIR 2.00
Officer Director
$0 $0 $0
DAVE KATZ 2ND VICE CHAIR 2.00
Officer 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
2024 No data No data No data No data
2023 $8,689,923 $9,033,387 $7,844,148 $-343,464
2022 $7,911,848 $9,290,991 $8,771,873 $-1,379,143
2021 $7,941,534 $7,477,838 $7,391,454 $463,696
2020 $7,283,556 $7,402,992 $5,648,367 $-119,436
2019 $11,206,231 $11,663,853 $7,349,294 $-457,622
2018 $8,386,867 $8,645,812 $7,704,035 $-258,945
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