Charlotte Pride Inc (EIN 562225983) - 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

2000

Legal Domicile

Principal Officer

Meredith Thompson

Phone

7044960808

Tax Period

2024-01-01 to 2024-12-31

Charlotte Pride Inc, founded in 2000, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

CHARLOTTE PRIDE CREATES PROGRAMS AND ACTIVITES TO ENRICH, EMPOWER, STRENGTHEN AND MAKE VISABLE THE UNIQUE LIVES AND EXPERIENCES OF LGBTQ PEOPLE IN CHARLOTTE.

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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 $480,547

Program Service Revenue $559,698

Investment Income $1,896

Other Revenue $0

TOTAL REVENUE $1,042,141

Expense Breakdown

Grants Paid $39,788

Salaries & Benefits $212,271

Fundraising Expenses $0

Program Expenses $771,540

Other Expenses $948,735

TOTAL EXPENSES $1,200,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,141	$993,008	+0.0%
Expenses	$1,200,794	$956,314	+0.3%
Net Income	$-158,653	$36,694	-5.3%

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

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

$193,663

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meredith Thompson	Managing Director	50.0	Key Emp	$62,280	$0	$62,280
Elizabeth Schob	Communications Manager	50.0	Key Emp	$56,098	$0	$56,098
Maurice Clark	Programs Coordinator	50.0	Key Emp	$47,885	$0	$47,885
John Walton-Tate	Operations & Finance Manager	50.0	Key Emp	$27,400	$0	$27,400
Riley Murray	President	10.0	Officer Director	$0	$0	$0
Will Martin	Vice President	10.0	Officer Director	$0	$0	$0
Angel Truesdale	Secretary	10.0	Officer Director	$0	$0	$0
Guadelupe Silva	Treasurer	10.0	Officer Director	$0	$0	$0
Daniel Valdez	Board Director	10.0	Director	$0	$0	$0
Lee Richardson	Board Director	10.0	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
2024	$1,042,141	$1,200,794	$240,905	$-158,653
2023	$993,008	$956,314	$399,558	$36,694
2022	$976,115	$843,027	No data	$133,088
2021	$542,464	$314,165	No data	$228,299
2020	$251,460	$212,724	No data	$38,736
2019	$571,916	$613,123	$360,469	$-41,207
2018	$494,744	$565,305	$362,004	$-70,561

Charlotte Pride Inc