KAPPA FOUNDATION OF CHARLOTTE (EIN 562192985) - 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

2000

Legal Domicile

Phone

7043926972

Tax Period

2024-01-01 to 2024-12-31

KAPPA FOUNDATION OF CHARLOTTE, founded in 2000, is a small nonprofit in the Education sector that reported $495K in total revenue in fiscal year 2024. The organization ran a surplus of $129K, a strong 26% operating margin.

Mission

Our Mission is deemed to be charitable and educational as broadly defined. We aim to foster and develop young men in our community to be model scholastic and community citizens.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $393,823

Program Service Revenue $0

Investment Income $0

Other Revenue $100,849

TOTAL REVENUE $494,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $355,229

Other Expenses $365,872

TOTAL EXPENSES $365,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$494,672	$465,134	+0.1%
Expenses	$365,872	$475,653	-0.2%
Net Income	$128,800	$-10,519	-13.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Chris Sherman	PRESIDENT	Officer	$0	$0	$0
Wesley Griffin	VICE PRESIDENT	Officer	$0	$0	$0
DON HOLLIS	TREASURER	Officer	$0	$0	$0
James Clark	Secretary	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
2025	No data	No data	No data	No data
2024	$494,672	$365,872	$1,333,888	$128,800
2023	$465,134	$475,653	$894,014	$-10,519
2022	$436,271	$189,635	$904,533	$246,636
2021	$343,030	$223,061	$657,897	$119,969
2020	$70,524	$62,786	$537,928	$7,738
2019	$209,885	$175,471	$530,190	$34,414

KAPPA FOUNDATION OF CHARLOTTE