The Committee to Restore & Preserv… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

Mrs Viginia Woolard

Phone

7043332158

Tax Period

2023-01-01 to 2023-12-31

The Committee to Restore & Preserve Third Ward Inc is a micro nonprofit in the Community Improvement sector that reported $6K in total revenue in fiscal year 2023. Expenses of $42K exceeded revenue, resulting in a 570% operating deficit.

Mission

To restore and preserve the Third Ward district of downtown Charlotte, NC.

Program Service Accomplishments

Program 1

Expenses: $41,657

Provided financial assistance to organizations vital to the Third Ward's advancement.

Program 2

Provided meeting space to organizations vital to the Third Ward's advancement.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $6,217

TOTAL REVENUE $6,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,657

Other Expenses $41,657

TOTAL EXPENSES $41,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,217	$6,213	+0.0%
Expenses	$41,657	$70,769	-0.4%
Net Income	$-35,440	$-64,556	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mrs Viginia Woolard	President	12.00	Officer Director	$0	$0	$0
Rep Beverly Earle	Director	0.00	Director	$0	$0	$0
Sen Charlie S Dannelly	Director	0.00	Director	$0	$0	$0
Regina Gill	Director	0.00	Director	$0	$0	$0
Chris A Ogunrinde	Director	0.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$6,217	$41,657	$1,281,479	$-35,440
2022	$6,213	$70,769	$1,316,919	$-64,556
2021	$7,868	$37,564	$1,381,585	$-29,696
2020	$6,217	$42,615	$1,411,555	$-36,398
2019	$-2,864	$40,170	$1,453,850	$-43,034
2018	$-6,045	$24,158	$1,496,884	$-30,203

The Committee to Restore & Preserve Third Ward Inc