HOSPITALITY HOUSE OF CHARLOTTE (EIN 561523878) - 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

1986

Legal Domicile

Principal Officer

ANGELA BUSH

Phone

7043760060

Tax Period

2024-06-01 to 2025-05-31

HOSPITALITY HOUSE OF CHARLOTTE, founded in 1986, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO SUPPORT HEALTHY OUTCOMES, PROVIDE STABILITY, AND STRENGTHEN COMMUNITY FOR PATIENTS RECEIVING MEDICAL CARE, UTILIZING OUR 20-ROOM FACILITY IN THE HEART OF CHARLOTTE'S MEDICAL COMMUNITY.

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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 $867,926

Program Service Revenue $351,278

Investment Income $228,366

Other Revenue $-59,437

TOTAL REVENUE $1,388,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $894,784

Fundraising Expenses $237,437

Program Expenses $1,001,738

Other Expenses $686,394

TOTAL EXPENSES $1,581,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,388,133	$1,385,287	+0.0%
Expenses	$1,581,178	$1,395,042	+0.1%
Net Income	$-193,045	$-9,755	+18.8%

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

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

$139,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA BUSH	CHIEF EXE OF	40.00	Officer	$138,654	$600	$139,254
LISA BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEY BEN-HAIL	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI BLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE BOEHM	COMMITTEE CH	1.00	Director	$0	$0	$0
PAUL BURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDI CASHION	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE FEINOUR	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE HANSEN	BOARD SECRET	1.00	Director	$0	$0	$0
BRANDON HARRIS	TREASURER	1.00	Director	$0	$0	$0
BRIAN KELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SPENCER LILLY	COMMITTEE CH	1.00	Director	$0	$0	$0
JJ LITTRELL	BOARD CHAIR	1.00	Director	$0	$0	$0
CHRIS MALINOWSKI	COMMITTEE CH	1.00	Director	$0	$0	$0
CAROLINE MANDEVILLE	BOARD SECRET	1.00	Director	$0	$0	$0
MAI MAYE	BOARD MEMBER	1.00	Director	$0	$0	$0
DREW NESEMEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA NEWTORN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY PARSONS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHARINE PLANTE	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX SWINDLE	COMMITTEE CH	1.00	Director	$0	$0	$0
JENNIFER VOORHEES	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL WHALUM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARNIE WOODWARD	BOARD CHAIR	1.00	Director	$0	$0	$0
SOPHIA ZON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM MONTAGLIONE	CHIEF OPERAT	40.00	Officer	$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	$1,388,133	$1,581,178	$4,047,424	$-193,045
2024	$1,385,287	$1,395,042	$4,246,390	$-9,755
2023	$1,009,693	$1,159,463	$4,244,310	$-149,770
2022	$767,707	$1,023,148	$4,393,089	$-255,441
2021	$1,398,719	$874,490	$4,739,280	$524,229
2020	$757,023	$900,414	$4,213,613	$-143,391
2019	$784,507	$881,367	$4,264,419	$-96,860

HOSPITALITY HOUSE OF CHARLOTTE