Healthy Charlotte Alliance Inc (EIN 561356858) - 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

1982

Legal Domicile

Principal Officer

Jennie Carruth

Phone

7049410734

Tax Period

2024-06-01 to 2025-05-31

Healthy Charlotte Alliance Inc, founded in 1982, is a small nonprofit that reported $143K in total revenue in fiscal year 2024. Expenses of $197K exceeded revenue, resulting in a 38% operating deficit.

Mission

Healthy Charlotte Alliance (Alliance) is a non-profit organization whose purpose is to improve the health and quality of life for all people of Mecklenburg County. It offers educational and informative events and lectures about health and wellness; grants and awards given through our endowment; and fun, informative meetings for members.

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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 $62,760

Program Service Revenue $24,840

Investment Income $57,904

Other Revenue $-2,024

TOTAL REVENUE $143,480

Expense Breakdown

Grants Paid $91,122

Salaries & Benefits $69,996

Fundraising Expenses $4,607

Program Expenses $154,992

Other Expenses $36,198

TOTAL EXPENSES $197,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,480	$148,928	0.0%
Expenses	$197,316	$192,996	+0.0%
Net Income	$-53,836	$-44,068	+0.2%

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

$66,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Edwards	Executive Dir.	20.00	Officer	$66,036	$0	$66,036
Karen Chandler	Past President	2.00	Officer Director	$0	$0	$0
Mimi Compton	VP Awards	2.00	Officer Director	$0	$0	$0
Joan Scharf	At-Large	2.00	Officer Director	$0	$0	$0
Leslie Aronovitz	Treasurer	6.00	Officer Director	$0	$0	$0
Kendra May	VP, Edu & Prog	3.00	Officer Director	$0	$0	$0
Teresa Starr	At Large	3.00	Officer Director	$0	$0	$0
Sherry Ward	At-Large	2.00	Officer Director	$0	$0	$0
Mitzi Yount	Parliamentarian	2.00	Director	$0	$0	$0
Jennie Carruth	President	8.00	Officer Director	$0	$0	$0
Cristina Licari	At-Large	2.00	Officer Director	$0	$0	$0
Jane Llewellyn	VP, Membership	3.00	Officer Director	$0	$0	$0
Becky Williford	Corr. Secretary	2.00	Officer Director	$0	$0	$0
Julie Adams	VP, Grants	3.00	Officer 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
2025	$143,480	$197,316	$2,119,340	$-53,836
2024	$148,928	$192,996	$2,058,677	$-44,068
2023	$130,283	$192,290	$1,891,142	$-62,007
2022	$107,424	$185,025	$1,937,313	$-77,601
2021	$81,561	$155,902	$2,186,440	$-74,341
2020	$106,929	$165,873	$1,893,546	$-58,944
2019	$102,132	$156,185	$1,840,511	$-54,053

Healthy Charlotte Alliance Inc