CHARLOTTE CITY CLUB INC

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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

1947

Legal Domicile

Principal Officer

JEFF O'KEEFE

Phone

7043344738

Tax Period

2024-01-01 to 2024-12-31

CHARLOTTE CITY CLUB INC, founded in 1947, is a community nonprofit in the Recreation & Sports sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

CHARLOTTE CITY CLUB IS AN UNPARALLELED PRIVATE HAVEN IN THE HEART OF UPTOWN. OUR MEMBER COMMUNITY ENGAGES IN FELLOWSHIP, CULTURE, SPORTS, ARTS AND ENTERTAINMENT TO CONNECT AND SHARE IN LIFE'S GREATEST MOMENTS.

Program Service Accomplishments

Program 1

THE PURPOSE OF CHARLOTTE CITY CLUB, INC. (THE CLUB) IS TO OPERATE A PRIVATE DINING FACILITY FOR MEMBERS AND THEIR GUESTS. TO PROVIDE THE MEMBERS THE OPPORTUNITY TO CONVENE, SOCIALIZE AND RECREATE IN ORDER TO FORM A COMMON BOND OF FRIENDSHIP AND COMMUNITY. THE CLUB IS NOT OPEN TO THE GENERAL PUBLIC.

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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 $0

Program Service Revenue $2,116,921

Investment Income $1,573,012

Other Revenue $1,111,115

TOTAL REVENUE $4,801,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,520,734

Fundraising Expenses $0

Other Expenses $2,367,073

TOTAL EXPENSES $4,887,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,801,048	$3,855,823	+0.2%
Expenses	$4,887,807	$4,486,850	+0.1%
Net Income	$-86,759	$-631,027	-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

$281,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN MILLER	PRESIDENT	5.00	Officer Director	$0	$0	$0
SHARAI LAVOIE	TREASURER	5.00	Officer Director	$0	$0	$0
MIKE WILSON	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFF O'KEEFE	1ST VP - PRES ELECT	5.00	Director	$0	$0	$0
LYNNE TATUM LITTLE	GOVERNOR	1.00	Director	$0	$0	$0
MARK MEAD	GOVERNOR	1.00	Director	$0	$0	$0
MARSHALL MONROE	GOVERNOR	1.00	Director	$0	$0	$0
JOHN MARSHALL	GOVERNOR	1.00	Director	$0	$0	$0
MASON ALEXANDER	GOVERNOR	1.00	Director	$0	$0	$0
CRAING DANFORTH	GOVERNOR	1.00	Director	$0	$0	$0
JIM MANNIX	GOVERNOR	1.00	Director	$0	$0	$0
BRETT CURLEY	GENERAL MANAGER/COO	40.00	Officer	$280,121	$1,091	$281,212
MICHAEL GARDNER	EXECUTIVE CHEF	40.00	Highest	$132,075	$12,291	$144,366
SARAH SMITH	DIRECTOR OF PEOPLE OPS	40.00	Highest	$131,700	$0	$131,700
BETHANY FIELD	CONTROLLER	40.00	Highest	$132,127	$5,224	$137,351

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	$4,801,048	$4,887,807	$13,763,396	$-86,759
2023	$3,855,823	$4,486,850	$16,346,429	$-631,027
2022	$2,856,136	$3,868,146	$12,113,469	$-1,012,010
2021	$3,286,480	$4,100,971	$14,589,819	$-814,491
2020	$3,037,076	$3,802,444	$14,643,290	$-765,368
2019	$4,317,489	$5,049,881	$12,665,840	$-732,392
2018	$4,102,660	$4,912,597	$12,237,700	$-809,937