CHARLOTTE REGIONAL PARTNERSHIP INC

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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

1981

Legal Domicile

Principal Officer

JOAQUIN SORIA

Phone

7043781324

Tax Period

2019-01-01 to 2019-12-31

CHARLOTTE REGIONAL PARTNERSHIP INC, founded in 1981, is a small nonprofit that reported $336K in total revenue in fiscal year 2019. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $99K, a strong 29% operating margin.

Mission

CHARLOTTE REGIONAL PARTNERSHIP'S MISSION IS TO MARKET CHARLOTTE USA GLOBALLY AS THE PREMIER LOCATION FOR EXPANDING AND RELOCATING BUSINESSES. THE VISION IS TO CHAMPION A REGIONAL ECONOMIC DEVELOPMENT MARKETING INITIATIVE SUPPORTED BY SUSTAINABLE FUNDING AND REGIONAL COLLABORATION.

Program Service Accomplishments

Program 1

Expenses: $182,866 Revenue: $197,006

THE ORGANIZATION STIMULATES ECONOMIC DEVELOPMENT IN THE CITY OF CHARLOTTE, NORTH CAROLINA AS WELL AS MECKLENBURG COUNTY AND 13 SURROUNDING COUNTIES THROUGH A MARKETING PROGRAM WITH A FOCUS ON...

THE ORGANIZATION STIMULATES ECONOMIC DEVELOPMENT IN THE CITY OF CHARLOTTE, NORTH CAROLINA AS WELL AS MECKLENBURG COUNTY AND 13 SURROUNDING COUNTIES THROUGH A MARKETING PROGRAM WITH A FOCUS ON ECONOMIC DEVELOPMENT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $136,460

Program Service Revenue $197,006

Investment Income $0

Other Revenue $2,859

TOTAL REVENUE $336,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,525

Fundraising Expenses $0

Program Expenses $182,866

Other Expenses $67,922

TOTAL EXPENSES $237,447

Year-over-Year Comparison

	2019	2018	Change
Revenue	$336,325	$1,937,314	-0.8%
Expenses	$237,447	$2,206,770	-0.9%
Net Income	$98,878	$-269,456	-1.4%

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

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
CAROL LOVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSIE CURETON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SWENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD BISSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY MONTROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
BLAIR STANFORD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOAQUIN SORIA	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN RUNYON	ASST. SECRETARY	1.00	Officer Director	$0	$0	$0
RONNIE BRYANT	FORMER PRESIDENT/CEO	0.00		$150,263	$9,152	$159,415

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
2019	$336,325	$237,447	$280	$98,878
2018	$1,937,314	$2,206,770	$58,757	$-269,456