HOSPITALITY HOUSE OF CHARLOTTE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 PROVIDE THE COMFORTS OF HOME FOR FAMILIES OF SERIOUSLY ILL LOVED ONES BY OFFERING AFFORDABLE ACCOMMODATIONS IN THE HEART OF CHARLOTTE'S MEDICAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,001,738 Revenue: $351,278

HOSPITALITY HOUSE OF CHARLOTTE (HHOC) EXISTS TO IMPROVE PATIENT OUTCOMES AND PROVIDE ACCESS TO CARE IN A SAFE AND CARING COMMUNITY ENVIRONMENT BY HOSTING PATIENTS AND FAMILY MEMBERS WHO ARE IN...

HOSPITALITY HOUSE OF CHARLOTTE (HHOC) EXISTS TO IMPROVE PATIENT OUTCOMES AND PROVIDE ACCESS TO CARE IN A SAFE AND CARING COMMUNITY ENVIRONMENT BY HOSTING PATIENTS AND FAMILY MEMBERS WHO ARE IN CHARLOTTE FOR MEDICAL TREATMENTS. MOST GUESTS AT HHOC ARE RECEIVING TREATMENT FOR CANCER, ORGAN TRANSPLANTATION, CARDIAC ISSUES, OR HAVE A CHILD IN THE NICU. WE LODGE GUESTS WITHOUT REGARD TO AGE OR GEOGRAPHIC LOCATION, AND DEMAND FOR OUR SERVICES GROWS ALONG WITH THE RENOWN OF CHARLOTTE'S WORLD-CLASS MEDICAL CARE. OUR 20-BEDROOM FACILITY, WHICH SLEEPS UP TO 56 INDIVIDUALS NIGHTLY, OFFERS HOUSING TO PATIENTS AND CAREGIVERS (MOST FROM RURAL NC AND SC COUNTIES), ENSURING ACCESS TO TREATMENT UNAVAILABLE WHERE THEY LIVE. WE ARE FULL WITH A WAITLIST MOST NIGHTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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