UNITED WAY OF GREATER CHARLOTTE INC (EIN 560529948) - 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

1958

Legal Domicile

Principal Officer

KATHRYN FIRMIN-SELLERS

Phone

7043727170

Tax Period

2024-07-01 to 2025-06-30

UNITED WAY OF GREATER CHARLOTTE INC, founded in 1958, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $17.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $22.4M exceeded revenue, resulting in a 31% operating deficit.

Mission

UNITED WAY USES COLLECTIVE GIVING TO BUILD PATHWAYS TO ECONOMIC OPPORTUNITY FOR ALL, PRIMARILY THROUGH NEIGHBORHOOD-BASED, GRASSROOTS AND RESPONSIVE SOLUTIONS. AT UNITED WAY, WE FIND FRESH SOLUTIONS TO SOLVE OUR REGION'S MOST URGENT CHALLENGES, WORKING HAND IN HAND WITHNEIGHBORHOODS AND GRASSROOTS NONPROFITS. WITHIN OUR COMMUNITY, WE'VE BROKEN DOWN BARRIERS TO CREATE UNIQUELY IMPACTFUL PROGRAMS THAT HELP LIFT PEOPLE OUT OF POVERTY.

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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 $15,547,527

Program Service Revenue $51,275

Investment Income $1,514,207

Other Revenue $0

TOTAL REVENUE $17,113,009

Expense Breakdown

Grants Paid $11,377,995

Salaries & Benefits $4,465,175

Fundraising Expenses $1,635,623

Program Expenses $16,302,017

Other Expenses $6,557,513

TOTAL EXPENSES $22,400,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,113,009	$20,608,188	-0.2%
Expenses	$22,400,683	$19,916,731	+0.1%
Net Income	$-5,287,674	$691,457	-8.6%

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

2162

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

$780,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CURRENS	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
RON MESSENGER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
HANK ALSTON	CABARRUS COUNTY CHAIR	3.00	Officer Director	$0	$0	$0
LULA JACKSON	ANSON COUNTY CHAIR	3.00	Officer Director	$0	$0	$0
RHETT BROWN	UNION COUNTY CHAIR	3.00	Officer Director	$0	$0	$0
JOE WALL	FINANCE CHAIR	3.00	Officer Director	$0	$0	$0
AVALEEN CRAWFORD WILLIAMS	FINANCE VICE CHAIR	3.00	Officer Director	$0	$0	$0
CATHY CAMPBELL	CAMPAIGN CHAIR	3.00	Officer Director	$0	$0	$0
HENDRICK ELLIS	CAMPAIGN VICE CHAIR	3.00	Officer Director	$0	$0	$0
BRIAN MIDDLETON	COMMUNITY IMPACT CHAIR	3.00	Officer Director	$0	$0	$0
LORETTA AYERS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRYANT	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOHN FAGG	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BEAU FISHER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SIL GANZO	PARTNER AGENCY REP	1.00	Director	$0	$0	$0
MITCH GIBSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KEITH GIDDENS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MICHELE JULIANA	ASCEND AGENCY REP	1.00	Director	$0	$0	$0
HEATHER KESNER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MARTINO	BOARD DIRECTOR	1.00	Director	$0	$0	$0
RAJ NATARAJAN	PAST BOARD CHAIR	3.00	Director	$0	$0	$0
MICHAEL J O'LEARY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TODD PEARCE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
WILL PITTS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MARCEL SOLOMON	VOLUNTEER ADVISORY REP	1.00	Director	$0	$0	$0
HEATHER TAMOL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
DENNIS WILLIAMS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LAURA YATES CLARK	PRESIDENT/CEO (THRU 6/24)	40.00	Officer	$213,116	$17,363	$230,479
KATHRYN FIRMIN-SELLERS	INTERIM PRESIDENT /CEO (AS OF 7/24)	40.00	Officer	$200,321	$32,201	$232,522
CLINT HILL	CHIEF DEVELOP. OFFICER (THRU 3/25)	40.00	Officer	$177,651	$19,560	$197,211
LEANNE SKIPPER	INT. CHIEF DEV. OFFICER (AS OF 3/25)	40.00	Officer	$101,805	$18,762	$120,567
KENDRA GREEN	CHIEF ADMIN. OFFICER (AS OF 7/24)	40.00	Highest	$130,597	$6,140	$136,737
JAMESE IVY	CHIEF IMPACT OFFICER (AS OF 7/24)	40.00	Highest	$119,422	$3,878	$123,300
ROBERT WILKINSON	DIRECTOR OF FINANCE (THRU 8/2024)	40.00	Highest	$100,841	$3,148	$103,989
O'SHAUNA HUNTER	DIRECTOR OF HOUSING SOLUTIONS	40.00	Highest	$105,507	$4,591	$110,098

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	$17,113,009	$22,400,683	$26,676,212	$-5,287,674
2024	$20,608,188	$19,916,731	$32,199,529	$691,457
2023	$20,880,064	$20,796,013	$30,441,279	$84,051
2022	$24,251,139	$20,846,388	$28,665,296	$3,404,751
2021	$23,258,976	$26,878,386	$29,734,806	$-3,619,410
2020	$38,068,196	$25,478,807	$33,908,061	$12,589,389
2019	$26,978,777	$31,957,838	$27,785,395	$-4,979,061

UNITED WAY OF GREATER CHARLOTTE INC