CHARLOTTE GOOD NEIGHBOR FUND

EIN: 566055707 501(c)(3)

Charlotte, NC

Total Revenue
$321,664
Total Expenses
$399,659
Total Assets
$881,075
Net Assets
$881,075
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NC
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 aid deserving and needy families during the Thanksgiving and Christmas holidays and other times throughout the year when disaster strikes.

Program Service Accomplishments

Program 1
Expenses: $269,183 Revenue: $0

Assist 125 families that were victims of hurricanes and major flooding. Objective is to provide assistance to help stabilize the current situation and rebuild for the immediate future. Assistance...

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Assist 125 families that were victims of hurricanes and major flooding. Objective is to provide assistance to help stabilize the current situation and rebuild for the immediate future. Assistance includes clothing, bedding, gift items, food, groceries, furniture, appliances, home improvements, and utilities.

Program 2
Expenses: $15,146 Revenue: $0

Holiday assistance for 14 families. Objective is to provide assistance by providing food & groceries, furniture & home improvements, and utility expenses for families that have fallen through the...

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Holiday assistance for 14 families. Objective is to provide assistance by providing food & groceries, furniture & home improvements, and utility expenses for families that have fallen through the cracks of social service agencies but who are making an effort to improve their lives.

Program 3
Expenses: $115,015 Revenue: $0

One-time assistance to 44 families. Objective is to provide assistance for funeral expenses and to families who have suffered financial hardship by providing food & groceries, paying for...

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One-time assistance to 44 families. Objective is to provide assistance for funeral expenses and to families who have suffered financial hardship by providing food & groceries, paying for mortgage/rent, furniture, home improvements & appliances, utility expenses, clothing, bedding & gift items, and automotive/transportation expenses.

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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%)

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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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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