TRIPS FOR KIDS CHARLOTTE

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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

2000

Legal Domicile

Phone

9802256430

Tax Period

2025-01-01 to 2025-12-31

TRIPS FOR KIDS CHARLOTTE, founded in 2000, is a small nonprofit in the Human Services sector that reported $542K in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $477K left a modest 12% surplus.

Mission

TO PROVIDE TRANSFORMATIVE CYCLING EXPERIENCES TO UNDERSERVED YOUTH

Program Service Accomplishments

Program 1

Expenses: $378,959 Revenue: $308,672

RE-CYCLERY & REPAIR SHOP: 3,473 BIKES WERE DONATED IN TOTAL, 973 WERE REPAIRED FOR EARN A BIKE PROGRAM AND TO SELL TO THE COMMUNITY; DIRECTLY RECYCLED AND HARVESTED PARTS FROM 2500 DONATED BIKES...

RE-CYCLERY & REPAIR SHOP: 3,473 BIKES WERE DONATED IN TOTAL, 973 WERE REPAIRED FOR EARN A BIKE PROGRAM AND TO SELL TO THE COMMUNITY; DIRECTLY RECYCLED AND HARVESTED PARTS FROM 2500 DONATED BIKES; OPERATED REPAIR SHOP OPEN TO THE COMMUNITY TO PROMOTE CYCLING, TO COMMUNICATE THE MISSION OF THE ORGANIZATION, AND TO RECRUIT VOLUNTEERS. IN PARTNERSHIP WITH THE DREAMKEY PARTNERS AND CITY OF CHARLOTTE E-BIKE PILOT PROGRAM, PROVIDED EDUCATION REGARDING CARE, MAINTENANCE AND USE OF E-BIKES.

Program 2

Expenses: $11,820

EARN A BIKE PROGRAM AND OTHER PROGRAMS: 45 CLASSES; 144 YOUTH AND 53 ADULTS GRADUATED AND EARNED A BIKE WITH A LOCK AND HELMET.

Program 3

Expenses: $4,785

RIDE PROGRAM: 14 RIDES WITH 482 PROGRAM PARTICIPANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $409,880

Program Service Revenue $29,031

Investment Income $2,769

Other Revenue $100,731

TOTAL REVENUE $542,411

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $352,221

Fundraising Expenses $612

Program Expenses $395,564

Other Expenses $122,511

TOTAL EXPENSES $477,232

Year-over-Year Comparison

	2025	2024	Change
Revenue	$542,411	$457,317	+0.2%
Expenses	$477,232	$337,949	+0.4%
Net Income	$65,179	$119,368	-0.5%

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

160

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORWIN THOMAS	DIRECTOR	0.20	Director	$0	$0	$0
MATTHEW PACKEY	TREASURER	0.20	Officer Director	$0	$0	$0
RICHARD WINTERS	PRESIDENT	0.20	Officer Director	$0	$0	$0
BEN MALMQUIST	CHAIRPERSON	0.20	Director	$0	$0	$0
MICHAEL EASTERLY	DIRECTOR	0.20	Director	$0	$0	$0
NOELLE FREDERICKSON	SECRETARY	0.20	Officer Director	$0	$0	$0
JAMES KIM	DIRECTOR	0.20	Director	$0	$0	$0
ANNA BENTON	DIRECTOR	0.20	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	$542,411	$477,232	$1,354,037	$65,179
2024	$457,317	$337,949	$1,313,516	$119,368
2023	$480,152	$372,942	$1,261,180	$107,210
2022	$338,640	$318,664	$1,224,590	$19,976
2021	$299,971	$292,450	$464,842	$7,521
2020	$312,471	$281,950	$457,455	$30,521
2019	$281,164	$255,646	$414,797	$25,518
2018	$213,079	$199,894	$380,623	$13,185