CHARLOTTE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSPIRE THE FIRE INC, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $7K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 570% operating deficit.
INSPIRE THE FIRE INC. IS A NON-PROFIT ORGANIZATION THAT PROVIDES STUDENTS, AGES 10 - 19, COACHING IN ARTISTIC DEVELOPMENT, LIFE SKILLS AND COMMUNITY ENGAGEMENT. EACH PARTICIPANT IS REQUIRED TO CHOOSE AN ARTISTIC MAJOR OF CONCENTRATION. CURRENT MAJORS INCLUDE: DANCE, VOICE, THEATER, SPOKEN WORD, RAP AND VISUAL ARTS. PARTICIPANTS ARE GUIDED IN THEIR MAJOR AND SUPPORTED BY OUR ENTIRE TEAM TO LEARN AND GROW AS INDIVIDUALS. THE ORGANIZATION MEETS AND PRACTICES BI-WEEKLY AND PERFORM IN CHARLOTTE, NC, AND SURROUNDING AREAS YEAR ROUND. EACH YEAR, INSPIRE THE FIRE HELPS NEARLY 400 YOUTH PREPARE FOR THEIR FUTURE. MISSION: HELP YOUNG PEOPLE SUCCEED ON STAGE AND IN LIFE.
FIRE HIGH IS THE ORGANIZATION'S YEAR-ROUND PROGRAM OFFERING ARTISTIC TRAINING TO YOUTH AGES 10-19 IN THE AREAS OF DANCE, VOICE, AND DRAMA UNDER THE COACHING OF INDUSTRY PROFESSIONALS. STUDENTS MEET...
FIRE HIGH IS THE ORGANIZATION'S YEAR-ROUND PROGRAM OFFERING ARTISTIC TRAINING TO YOUTH AGES 10-19 IN THE AREAS OF DANCE, VOICE, AND DRAMA UNDER THE COACHING OF INDUSTRY PROFESSIONALS. STUDENTS MEET MINIMUM OF TWO TIMES EACH MONTH, FOR FOUR HOUR DAYS. FIRE HIGH ALSO INCLUDES LIFE SKILLS COACHING FROM ITF HOPE COACHES AND INCLUDES A HOST OF SOCIAL ACTIVITIES AND COMMUNITY OUTREACH EVENTS.
AT X-PERIENCE THE STUDENTS RECEIVE WORKSHOPS IN SINGING, DANCE, THEATRE, VISUAL ARTS, AND RAP/SPOKEN WORD. THE WEEKLONG PROGRAM INCLUDES MULTIPLE EVENTS FOR PARTICIPATING YOUTH INCLUDING: SPECIAL...
AT X-PERIENCE THE STUDENTS RECEIVE WORKSHOPS IN SINGING, DANCE, THEATRE, VISUAL ARTS, AND RAP/SPOKEN WORD. THE WEEKLONG PROGRAM INCLUDES MULTIPLE EVENTS FOR PARTICIPATING YOUTH INCLUDING: SPECIAL GUEST APPEARANCES, MOTIVATIONAL SPEAKERS, TEAM BUILDING, AND CONCLUDES WITH A FINAL PERFORMANCE SPOTLIGHTING YOUTH TALENT AT CPCC'S HALTON THEATER
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,150 | $18,236 | -0.6% |
| Expenses | $47,918 | $31,761 | +0.5% |
| Net Income | $-40,768 | $-13,525 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TONICIA MULLINS | SECRETARY | 15.00 |
Director
|
$16,200 | $0 | $16,200 |
| DENNIS REED JR | CEO | 15.00 |
Officer
|
$3,000 | $0 | $3,000 |
| MONICA BACON | CHAIRMAN/TRE | 7.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELANIE PRATT | CO-CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JERRI REED | EMERITUS AT | 3.00 |
Director
|
$0 | $0 | $0 |
| DENNIS REED SR | EMERITUS AT | 2.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN STEWART | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $7,150 | $47,918 | $63,038 | $-40,768 |
| 2022 | $18,236 | $31,761 | $103,736 | $-13,525 |
| 2021 | $33,629 | $42,052 | $118,960 | $-8,423 |
| 2020 | $19,335 | $55,428 | $127,798 | $-36,093 |
| 2019 | $145,965 | $107,275 | $165,220 | $38,690 |
| 2018 | $167,333 | $76,139 | $128,507 | $91,194 |
Compare INSPIRE THE FIRE INC with other nonprofits in North Carolina and across the country.