The Harvest Center of Charlotte Inc (EIN 562261612) - 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

1992

Legal Domicile

Principal Officer

Colin Pinkney

Phone

7043351616

Tax Period

2024-01-01 to 2024-12-31

The Harvest Center of Charlotte Inc, founded in 1992, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 44% operating deficit.

Mission

Our most significant activity is to help our donors and sponsors break the cycle of non-chronic homelessness through God's grace and the eight dimensions of wellness in the Charlotte, NC area.

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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 $887,068

Program Service Revenue $74,675

Investment Income $162,048

Other Revenue $348,253

TOTAL REVENUE $1,472,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,272,966

Fundraising Expenses $395,965

Program Expenses $1,358,769

Other Expenses $844,700

TOTAL EXPENSES $2,117,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,472,044	$2,081,752	-0.3%
Expenses	$2,117,666	$2,102,727	+0.0%
Net Income	$-645,622	$-20,975	+29.8%

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

385

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

$130,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colin Pinkney	Executive Dir.	50.00	Officer	$120,000	$10,659	$130,659
Burt Philips	Director	1.00	Director	$0	$0	$0
Shanita Poe	Director	1.00	Director	$0	$0	$0
Richard Archer	Director	1.00	Director	$0	$0	$0
Joey Gass	Director	1.50	Director	$0	$0	$0
David Willis	Director	2.00	Director	$0	$0	$0
Ben Bellury	Director	1.00	Director	$0	$0	$0
Ryan Battle	Director	1.50	Director	$0	$0	$0
Carolina Ko	Director	1.00	Director	$0	$0	$0
Richard Archer	Director	1.00	Director	$0	$0	$0
Randy Schroeder	Director	1.00	Director	$0	$0	$0
Jim Martin	Chairman	1.50	Officer 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	$1,472,044	$2,117,666	$5,560,386	$-645,622
2023	$2,081,752	$2,102,727	$5,996,917	$-20,975
2022	$1,559,435	$1,622,228	$6,178,291	$-62,793
2021	$1,147,805	$1,510,988	$6,077,688	$-363,183
2020	$1,392,203	$1,189,993	$6,410,172	$202,210
2019	$2,066,988	$1,404,489	$6,197,473	$662,499
2018	$1,204,550	$998,258	$5,516,560	$206,292

The Harvest Center of Charlotte Inc