Charlotte Steeplechase Foundation Inc (EIN 561913942) - 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

William Price

Phone

7048437070

Tax Period

2024-01-01 to 2024-12-31

Charlotte Steeplechase Foundation Inc, founded in 1993, is a micro nonprofit in the Recreation & Sports sector that reported $77K in total revenue in fiscal year 2024. Revenue fell 104% from the prior year — a significant decline worth monitoring.

Mission

To organize a steeplechase race and distribute funds to charity.

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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 $0

Program Service Revenue $3,060

Investment Income $-104,844

Other Revenue $24,379

TOTAL REVENUE $-77,405

Expense Breakdown

Grants Paid $75,602

Salaries & Benefits $68,752

Fundraising Expenses $0

Program Expenses $290,436

Other Expenses $175,377

TOTAL EXPENSES $319,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-77,405	$1,815,339	-1.0%
Expenses	$319,731	$1,321,286	-0.8%
Net Income	$-397,136	$494,053	-1.8%

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

$18,596

Total Directors

$18,596

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
William J Price V	President	Officer Director	$0	$0	$0
Carrington Price	Vice President	Officer Director	$0	$0	$0
Katrina Kutzleb	Secretary	Officer Director	$18,596	$0	$18,596
John Wylie Fox	Treasurer	Officer Director	$0	$0	$0
Brian Heath	Director	Director	$0	$0	$0
Jennifer Heath	Director	Director	$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	No data	No data	No data	No data
2024	$-77,405	$319,731	$1,839,876	$-397,136
2023	$1,815,339	$1,321,286	$2,234,843	$494,053
2022	$1,560,630	$1,297,675	$2,027,241	$262,955
2021	$523,611	$440,123	$2,203,870	$83,488
2020	$350,724	$424,875	$2,176,941	$-74,151

Charlotte Steeplechase Foundation Inc