Greater Charlotte Hospitality & Tourism Alliance

EIN: 561910343

Charlotte, NC

Total Revenue
$803,129
Total Expenses
$798,115
Total Assets
$207,617
Net Assets
$207,617
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NC
Phone
7043310079
Tax Period
2023-01-01 to 2023-12-31

Greater Charlotte Hospitality & Tourism Alliance, founded in 1982, is a small nonprofit that reported $803K in total revenue in fiscal year 2023.

Mission

THE GREATER CHARLOTTE HOSPITALITY & TOURISM ALLIANCE (HTA) IS A FULL TIME ASSOCIATION REPRESENTING A VARIETY OF BUSINESSES IN THE GREATER CHARLOTTE AREA. THE ORGANIZATION WAS ESTABLISHED IN OCTOBER 1994 BY THE LEADERS OF DIFFERENT SEGMENTS OF THE HOSPITALITY INDUSTRY. THIS COMBINED ORGANIZATION WAS CREATED TO RESPOND TO THE NEED FOR A FULL TIME AND PRIVATELY FUNDED ORGANIZATION WHICH WAS REQUIRED TO REPRESENT THIS GROWING INDUSTRY WITH A COMMITMENT TO PROACTIVELY INFLUENCE DECISIONS, ELIMINATING INDUSTRY RELATED CHALLENGES AND MAXIMIZING OPPORTUNITIES FOR OUR REMARKABLE INDUSTRY.

Program Service Accomplishments

Program 1

Helping Members Grow Their Business - Relentlessly focus on increasing business opportunities for members, enhancing HTA's membership value and making the organization a major resource, advocate and...

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Helping Members Grow Their Business - Relentlessly focus on increasing business opportunities for members, enhancing HTA's membership value and making the organization a major resource, advocate and partner for members. - Continue making membership meetings and events the best in the Carolinas and beyond Tourism and Economic Development Projects - Assisting members with maximizing their buisness opportunities and addressing their challenges - Continuous building and enhancing of relationships with decision makers whose industry knowledge, support and active engagement are critical to growing our region's hospitality and tourism industry. - Continuously working with the Charlotte Regional Visitors Authority (CRVA) to provide them with required tools to attract more visitors to the Charlotte area, and meeting industry's overall expectations of annual county-wide room revenues, food & beverage revenues and car rental revenues. - Leading efforts and working with the CRVA, City, County, Mecklenburg Towns, adjacent counties and private developers to develop the following facilities, which are required for our region to attract major regional, statewide and national amateur sporting events. 1. A premier sports complex (15 soccer fields and championship-caliber seating) and regional park in Matthews. (First phase of this $40 million plus complex opened in May 2013) 2. A premier indoor amateur sports complex (15 basketball courts in size) 3. A premier tournament quality tennis complex for major amateur, pro and senior tennis tournaments (20 plus tennis courts and a championship stadium) 4. A premier baseball complex (15 baseball fields and championship-caliber seating) 5. A premiere Olympic style aquatic complex 6. A premier softball complex (15 softball fields and championship-caliber seating) - Leading and proactive involvement in: - Enhancing the Charlotte area's current major conventions and tourism-related events - Pursuing new major events to include a major "Labor Day College Football Game", a college baseball tournament, annual major international soccer games & tournaments, 2017 NBA All-Star Game, Pan-Am Games, 2024 Summer Olympics, Super Bowl, 2020 Republican or Democratic National Convention and mega tourism-related events at the Carolina Panthers' stadium - Making Charlotte the permanent home for "ACC Football Championship Game" - Making our Carolinas Aviation Museum (The Home of USAirways' Flight 1549 / "Miracle on the Hudson") one of the best aviation museums in the nation - Maximum promotion of our region's vast attractions and tourism related venues to attract more visitors III.Community & Region-Wide Initiatives Community & Region-Wide Initiative - Active Involvement in: - Making Charlotte a better place to live, work, play and visit by making it a more hospitality and visitor friendly city - Airport master expansion, developments and improvements - Public transportation, taxicabs, limos, etc. - Establishment of a medical school in Charlotte, region's pursuit of becoming a major energy hub, major office park developments, corporate relocations - Charitable projects (Dine Out for Kids, homeless issues, No Kid Hungry, etc.)

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $724,252
Investment Income $0
Other Revenue $78,877
TOTAL REVENUE $803,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $649,647
Fundraising Expenses $0
Program Expenses $0
Other Expenses $148,468
TOTAL EXPENSES $798,115

Year-over-Year Comparison

2023 2022 Change
Revenue $803,129 $778,340 +0.0%
Expenses $798,115 $782,655 +0.0%
Net Income $5,014 $-4,315 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
3
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
6
$466,627
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A CHAIR 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A PAST CHAIR 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Ex-Offici Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Ex-Offici Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Ex-Offici Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A PRESIDENT 40.0
Officer
$413,636 $52,991 $466,627
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
2024 No data No data No data No data
2023 $803,129 $798,115 $207,617 $5,014
2022 $778,340 $782,655 $202,603 $-4,315
2021 $747,302 $749,372 $206,918 $-2,070
2020 $579,108 $631,359 $208,988 $-52,251
2019 $678,012 $675,820 $261,237 $2,192
2018 $621,994 $618,172 $259,045 $3,822
2017 $607,327 $608,139 $255,223 $-812
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