CHARLOTTE GOOD NEIGHBOR FUND (EIN 566055707) - 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

1962

Legal Domicile

Principal Officer

Jolee Toms

Phone

7044268152

Tax Period

2024-07-01 to 2025-06-30

CHARLOTTE GOOD NEIGHBOR FUND, founded in 1962, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $400K exceeded revenue, resulting in a 24% operating deficit.

Mission

To assist indigents and disaster victims.

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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 $321,654

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $321,664

Expense Breakdown

Grants Paid $399,659

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $399,659

Other Expenses $0

TOTAL EXPENSES $399,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,664	$170,302	+0.9%
Expenses	$399,659	$156,451	+1.6%
Net Income	$-77,995	$13,851	-6.6%

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

N/A

Volunteers

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
Nicole Ramsdell	Board of Advisors	0.2	Director	$0	$0	$0
Sara Wright	Board of Advisors	0.2	Director	$0	$0	$0
Brittaney Major	Board of Advisors	0.2	Director	$0	$0	$0
Jon Bollman	Board of Advisors	0.2	Director	$0	$0	$0
David Lyons	Board of Advisors	0.2	Director	$0	$0	$0
Jolee Toms	Trustee	2.5	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	$321,664	$399,659	$881,075	$-77,995
2024	$170,302	$156,451	$959,070	$13,851
2023	$427,627	$154,829	$945,219	$272,798
2022	$349,675	$105,701	$672,421	$243,974
2021	$76,250	$99,921	$428,447	$-23,671

CHARLOTTE GOOD NEIGHBOR FUND