VIRTUE INC

EIN: 561955914 501(c)(3) Employment

CHARLOTTE, NC

Total Revenue
$503,547
Total Expenses
$412,050
Total Assets
$358,347
Net Assets
$358,347
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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
1998
Legal Domicile
NC
Tax Period
2022-01-01 to 2022-12-31

VIRTUE INC, founded in 1998, is a small nonprofit in the Employment sector that reported $504K in total revenue in fiscal year 2022. The organization ran a surplus of $91K, a strong 18% operating margin.

Mission

PROVIDING SERVICES INTENDED TO REDUCE AND PREVENTING PHYCIATRIC AND SUBSTANCE ABUSE SYMPTONS AND TREATMENT OF MENTAL HEALTH DISORDER FOR CHILDREN AND ADULTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $151,889
Program Service Revenue $351,658
Investment Income $0
Other Revenue $0
TOTAL REVENUE $503,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $412,050
Other Expenses $412,050
TOTAL EXPENSES $412,050

Year-over-Year Comparison

2022 2021 Change
Revenue $503,547 N/A N/A
Expenses $412,050 N/A N/A
Net Income $91,497 N/A 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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
13

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LA SHELL CLARK CEO 0.00
Officer
$0 $0 $0
FELICIA CLARK PRESIDENT 1.00
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
2024 No data No data No data No data
2023 No data No data No data No data
2022 $503,547 $412,050 $358,347 $91,497
2021 $352,230 $153,500 $266,850 $198,730
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