CHARLOTTE MECKLENBURG AFRO-AMERICAN CULTURAL AND SERVICE CENTER INC (EIN 561152286) - 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

1974

Legal Domicile

Principal Officer

BONITA BUFORD

Phone

7045473700

Tax Period

2023-07-01 to 2024-06-30

CHARLOTTE MECKLENBURG AFRO-AMERICAN CULTURAL AND SERVICE CENTER INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Expenses of $4.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE HARVEY B. GANTT CENTER FOR AFRICAN-AMERICAN ARTS AND CULTURE (FORMERLY THE CHARLOTTE MECKLENBURG AFRO-AMERICAN CULTURAL AND SERVICE CENTER) PRESENTS EXCEPTIONAL EXHIBITS AND ENGAGING, EDUCATIONAL PROGRAMS THAT CELEBRATE THE AFRICAN-AMERICAN STORY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,990,664

Program Service Revenue $254,594

Investment Income $75,345

Other Revenue $-53,662

TOTAL REVENUE $3,266,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,754,619

Fundraising Expenses $463,658

Program Expenses $3,295,710

Other Expenses $2,434,584

TOTAL EXPENSES $4,189,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,266,941	$3,103,194	+0.1%
Expenses	$4,189,203	$3,182,261	+0.3%
Net Income	$-922,262	$-79,067	+10.7%

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

128

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

$568,542

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON LANE	DIRECTOR	1.00	Director	$0	$0	$0
ANN CAULKINS	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
DARREL WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JANET HANSON	DIRECTOR	1.00	Director	$0	$0	$0
JONTE' HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LEE	DIRECTOR	1.00	Director	$0	$0	$0
JIM DUNN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JONI Y DAVIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD CARTER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID R TAYLOR	PRESIDENT & CEO(THROUGH 12/31/23)	40.00	Officer	$375,285	$16,608	$391,893
BONITA BUFORD	COO	40.00	Officer	$162,500	$14,149	$176,649
CHANEL DAVIS	CHIEF EXPERIENCE OFFICER	40.00	Highest	$134,500	$13,112	$147,612

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	$3,266,941	$4,189,203	$10,421,577	$-922,262
2023	$3,103,194	$3,182,261	$10,590,840	$-79,067
2022	$2,392,870	$2,137,288	$9,961,615	$255,582
2021	$1,926,817	$1,722,175	$10,610,750	$204,642
2020	$1,099,643	$1,787,815	$8,625,196	$-688,172
2019	$2,828,509	$2,043,076	$9,212,566	$785,433
2018	$3,005,479	$1,864,818	$8,284,458	$1,140,661

CHARLOTTE MECKLENBURG AFRO-AMERICAN CULTURAL AND SERVICE CENTER INC