CATHOLIC CHARITIES DIOCESE OF CHARLOTTE (EIN 561058954) - 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

1973

Legal Domicile

Principal Officer

GERARD A CARTER

Phone

7043773262

Tax Period

2022-07-01 to 2023-06-30

CATHOLIC CHARITIES DIOCESE OF CHARLOTTE, founded in 1973, is a community nonprofit in the Human Services sector that reported $7.7M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year.

Mission

WE ARE A CHRISTIAN MINISTRY OF CHARITY, SERVICE AND JUSTICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,286,550

Program Service Revenue $193,475

Investment Income $65,489

Other Revenue $153,633

TOTAL REVENUE $7,699,147

Expense Breakdown

Grants Paid $2,200,269

Salaries & Benefits $3,643,471

Fundraising Expenses $209,911

Program Expenses $6,538,408

Other Expenses $2,209,892

TOTAL EXPENSES $8,053,632

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,699,147	$8,117,042	-0.1%
Expenses	$8,053,632	$7,866,662	+0.0%
Net Income	$-354,485	$250,380	-2.4%

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

N/A

Employees

Volunteers

272

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

$322,803

Total Directors

$142,513

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BISHOP PETER J JUGIS	BISHOP	1.00	Officer Director	$0	$19,909	$61,952
REV MSGR PATRICK J WINSLOW	VICAR GENERAL	1.00	Officer Director	$0	$19,702	$80,561
GERARD A CARTER	EXECUTIVE DIRECTOR	35.00	Officer	$152,092	$28,198	$180,290

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	No data	No data	No data	No data
2023	$7,699,147	$8,053,632	$5,095,737	$-354,485
2022	$8,117,042	$7,866,662	$4,812,695	$250,380
2021	$8,229,050	$7,546,086	$5,722,782	$682,964
2020	$7,104,849	$6,794,457	$3,844,342	$310,392
2019	$6,077,830	$6,131,046	$3,156,516	$-53,216
2018	$5,988,467	$6,285,671	$2,951,142	$-297,204

CATHOLIC CHARITIES DIOCESE OF CHARLOTTE