ROOF ABOVE INC (EIN 561837620) - 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

1993

Legal Domicile

Principal Officer

TONYA FRYE

Phone

7043343187

Tax Period

2023-07-01 to 2024-06-30

ROOF ABOVE INC, founded in 1993, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $24.0M in total revenue in fiscal year 2023. Expenses of $28.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

ROOF ABOVE, INC. IS AN INTERFAITH, NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO UNITE THE COMMUNITY TO END HOMELESSNESS, ONE LIFE AT A TIME. WE DO SO BY PROVIDING AN ARRAY OF HOMELESS SERVICES AND HOUSING SERVICES IN THE CHARLOTTE METRO REGION.

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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 $16,719,835

Program Service Revenue $7,009,307

Investment Income $347,990

Other Revenue $-124,695

TOTAL REVENUE $23,952,437

Expense Breakdown

Grants Paid $3,380,580

Salaries & Benefits $12,945,513

Fundraising Expenses $839,762

Program Expenses $24,887,234

Other Expenses $12,293,789

TOTAL EXPENSES $28,619,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,952,437	$22,537,570	+0.1%
Expenses	$28,619,882	$25,682,992	+0.1%
Net Income	$-4,667,445	$-3,145,422	+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

295

Volunteers

10000

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

$320,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY PATTERSON	CHAIR	3.00	Officer Director	$0	$0	$0
CAROLINE HUBBELL YINGLING	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID GOLDBERG	TREASURER	3.00	Officer Director	$0	$0	$0
BRENT TORSTRICK	SECRETARY	3.00	Officer Director	$0	$0	$0
ELENA AIRAPETIAN	DIRECTOR	1.00	Director	$0	$0	$0
PAULA BIRD	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS BODISON	DIRECTOR	1.00	Director	$0	$0	$0
GARY CHESSON	DIRECTOR	1.00	Director	$0	$0	$0
RON CLARK	DIRECTOR	1.00	Director	$0	$0	$0
GRAY DYER	DIRECTOR	1.00	Director	$0	$0	$0
MARK ETHRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
ROSIE KRNETA	DIRECTOR	1.00	Director	$0	$0	$0
GREG LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN MARK	DIRECTOR	1.00	Director	$0	$0	$0
BRENT MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
DEEMS MAY	DIRECTOR	1.00	Director	$0	$0	$0
STACEY MCCRAY	DIRECTOR	1.00	Director	$0	$0	$0
MATT MILLER	DIRECTOR	1.00	Director	$0	$0	$0
HARRY REDD	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
CHINETTE STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
GLENN STEWART	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CLASEN-KELLY	CEO	50.00	Officer	$162,215	$7,678	$169,893
TONYA FRYE	CFO	50.00	Officer	$135,725	$15,046	$150,771
VERONICA RITCHIE	CHIEF PHILANTHROPY OFFICER	50.00	Highest	$120,208	$6,070	$126,278
KAEDON GRINNELL	CHEIF PROGRAM OFFICER	50.00	Highest	$130,762	$14,157	$144,919
TAMACIA BING	VP OF HUMAN RESOURCES	45.00	Highest	$103,408	$13,037	$116,445

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	$23,952,437	$28,619,882	$97,290,341	$-4,667,445
2023	$22,537,570	$25,682,992	$101,852,006	$-3,145,422
2022	$30,592,327	$23,314,705	$104,467,167	$7,277,622
2021	$36,113,591	$23,910,516	$96,652,711	$12,203,075
2020	$20,683,593	$13,063,446	$43,969,937	$7,620,147
2019	$23,176,676	$8,338,639	$34,978,387	$14,838,037
2018	$6,053,673	$6,583,705	$18,727,789	$-530,032

ROOF ABOVE INC