NEW CHARLOTTE CORPORATION (EIN 561720167) - 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

1990

Legal Domicile

Principal Officer

TERESA T SMITH

Phone

7043364940

Tax Period

2022-07-01 to 2023-06-30

NEW CHARLOTTE CORPORATION, founded in 1990, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $35.9M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year.

Mission

THE ORGANIZATION'S GENERAL PURPOSE IS TO PROMOTE THE GENERAL WELFARE OF THE CITY OF CHARLOTTE (THE "CITY") AND TO ASSIST THE CITY THROUGH THE ACQUISITION, CONSTRUCTION, OPERATION OR LEASING OF REAL ESTATE, FACILITIES AND EQUIPMENT FOR THE USE AND BENEFIT OF THE GENERAL PUBLIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $34,563,508

Program Service Revenue $0

Investment Income $1,296,919

Other Revenue $0

TOTAL REVENUE $35,860,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,860,427

Other Expenses $35,860,427

TOTAL EXPENSES $35,860,427

Year-over-Year Comparison

	2022	2021	Change
Revenue	$35,860,427	$38,290,341	-0.1%
Expenses	$35,860,427	$38,290,341	-0.1%
Net Income	$0	$0	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

$382,425

Total Directors

$382,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA T SMITH	PRESIDENT	0.50	Officer Director	$0	$31,737	$241,099
MATTHEW HASTEDT	VP SECT/TREASURER	0.50	Officer Director	$0	$18,801	$141,326

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	No data	No data	No data	No data
2023	$35,860,427	$35,860,427	$797,080,000	No data
2022	$38,290,341	$38,290,341	$852,065,000	No data
2021	$41,229,921	$41,229,921	$864,949,761	No data
2020	$52,623,751	$52,623,751	$1,043,115,855	No data
2019	$46,815,728	$46,815,728	$1,126,991,615	No data
2018	$45,205,703	$45,205,703	$1,156,985,555	No data

NEW CHARLOTTE CORPORATION