Charlotte Works (EIN 562098251) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

Anna London

Phone

9082013256

Tax Period

2023-07-01 to 2024-06-30

Charlotte Works, founded in 1998, is a community nonprofit in the Employment sector that reported $6.8M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $6.6M left a modest 3% surplus.

Mission

LEADING THE DEVELOPMENT OF A SKILLED AND IN-DEMAND WORKFORCE BY ENGAGING BUSINESSES, ALIGNING COMMUNITY PARTNERS, EMPOWERING AND CONNECTING JOB SEEKER TO MEANINGFUL EMPLOYER, AND FOSTERING INCLUSIVE ECONOMIC GROWTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,495,210

Program Service Revenue $0

Investment Income $0

Other Revenue $270,375

TOTAL REVENUE $6,765,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,781,513

Fundraising Expenses $0

Program Expenses $5,994,437

Other Expenses $2,774,794

TOTAL EXPENSES $6,556,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,765,585	$7,856,153	-0.1%
Expenses	$6,556,307	$7,649,609	-0.1%
Net Income	$209,278	$206,544	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$242,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anna London	COO	40.00	Officer	$128,186	$6,284	$134,470
Danielle Frazier	President & CEO	40.00		$114,446	$3,959	$118,405
Shemia Williams	Chief Programs	40.00	Officer	$99,497	$8,459	$107,956
James Bolling	Board Member	1.00	Director	$0	$0	$0
Melissa Wilson Balknight	Board Member	1.00	Director	$0	$0	$0
Raki McGregor	Chairman	1.00	Officer Director	$0	$0	$0
William Haygood	Board Member	1.00	Director	$0	$0	$0
Brandi Newman	Board Member	1.00	Director	$0	$0	$0
Blair Stanford	Board Member	1.00	Director	$0	$0	$0
Valerie Sachariat	Vice Chairman	1.00	Officer Director	$0	$0	$0
Chad Schuchmann	Board Member	1.00	Director	$0	$0	$0
Chris Hage	Board Member	1.00	Director	$0	$0	$0
Cassandra Triggs-Tucker	Treas/Secretary	1.00	Officer Director	$0	$0	$0
Russ Fortson	Board Member	1.00	Director	$0	$0	$0
Thomas Ray	Board Member	1.00	Director	$0	$0	$0
David Leonardi	Board Member	1.00	Director	$0	$0	$0
Scott Thrower	Board Member	1.00	Director	$0	$0	$0
Chris Jackson	Board Member	1.00	Director	$0	$0	$0
Anthony Trotman	Board Member	1.00	Director	$0	$0	$0
A Fulton Meachem	Board Member	1.00	Director	$0	$0	$0
Tonja Reeder	Board Member	1.00	Director	$0	$0	$0
Sparkle Douglas	Board Member	1.00	Director	$0	$0	$0
Veronica C Grantham	Board Member	1.00	Director	$0	$0	$0
Heather Hill EdD	Board Member	1.00	Director	$0	$0	$0
Roger Johnson	Board Member	1.00	Director	$0	$0	$0
Reenie Askew	Director	1.00	Director	$0	$0	$0
Matt Bradley	Board Member	1.00	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	$6,765,585	$6,556,307	$3,938,849	$209,278
2023	$7,856,153	$7,649,609	$4,369,601	$206,544
2022	$8,600,774	$8,694,394	$2,005,079	$-93,620
2021	$8,510,036	$8,576,655	$2,593,477	$-66,619
2020	$8,196,108	$8,086,249	$2,412,028	$109,859
2019	$8,005,267	$8,183,506	$2,434,523	$-178,239
2018	$6,932,474	$6,906,478	$2,147,589	$25,996

Charlotte Works