CHARLOTTE CITY CLUB INC

EIN: 560506447 Recreation & Sports

CHARLOTTE, NC

Total Revenue
$4,801,048
Total Expenses
$4,887,807
Total Assets
$13,763,396
Net Assets
$5,158,063
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NC
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

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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
62
Volunteers
42

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
4
$281,212
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
3
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
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