THE ABILITY EXPERIENCE

EIN: 581588777 501(c)(3)

CHARLOTTE, NC

Total Revenue
$2,947,028
Total Expenses
$2,792,895
Total Assets
$4,719,300
Net Assets
$4,354,064
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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
1984
Legal Domicile
NC
Principal Officer
JAKE HENDERSON
Phone
7045042400
Tax Period
2023-10-01 to 2024-09-30

THE ABILITY EXPERIENCE, founded in 1984, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 5% surplus.

Mission

TO SERVE PEOPLE WITH DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,821,180
Program Service Revenue $0
Investment Income $103,301
Other Revenue $22,547
TOTAL REVENUE $2,947,028

Expense Breakdown

Grants Paid $449,105
Salaries & Benefits $913,564
Fundraising Expenses $182,756
Program Expenses $2,428,321
Other Expenses $1,430,226
TOTAL EXPENSES $2,792,895

Year-over-Year Comparison

2023 2022 Change
Revenue $2,947,028 $2,366,290 +0.2%
Expenses $2,792,895 $2,203,585 +0.3%
Net Income $154,133 $162,705 -0.1%
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

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Governance

Voting Members
16
Independent Members
16
Employees
15
Volunteers
N/A

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
6
$502,682
Total Directors
18
$502,682
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP HAMILTON VICE CHAIR/CHAIR ELECT 0.00
Officer Director
$0 $0 $0
MICHAEL CARTER MEMBER 0.00
Director
$0 $0 $0
JOEL BORELLIS CHAIRMAN 0.00
Officer Director
$0 $0 $0
MARK URRUTIA MEMBER 0.00
Director
$0 $0 $0
MICHAEL DAVIS SECRETARY 0.00
Officer Director
$0 $0 $0
PHILLIP LESLIE TREASURER 0.00
Officer Director
$0 $0 $0
RUSS FAULKNER MEMBER 0.00
Director
$0 $0 $0
TOM CARTER MEMBER 0.00
Director
$0 $0 $0
JIM KARLOVEC MEMBER 0.00
Director
$0 $0 $0
SCOTT THOMAS MEMBER 0.00
Director
$0 $0 $0
ANDRAE TURNER LIAISON 0.00
Director
$0 $0 $0
SHANE MULROONEY MEMBER 0.00
Director
$0 $0 $0
ERIK ESTRADA MEMBER 0.00
Director
$0 $0 $0
BASIL LYBERG PRESIDENT & EXECUTIVE DIRE 40.00
Officer Director
$140,790 $25,905 $166,695
JAKE HENDERSON CEO 40.00
Officer Director
$329,167 $6,820 $335,987
ANNE HAVARD MEMBER 0.00
Director
$0 $0 $0
LESLIE CONRAD MEMBER 0.00
Director
$0 $0 $0
JACKSON ESCAMILLA MEMBER 0.00
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 $2,947,028 $2,792,895 $4,719,300 $154,133
2023 $2,366,290 $2,203,585 $3,726,167 $162,705
2022 $2,696,656 $1,748,410 $3,454,505 $948,246
2021 $2,139,385 $1,483,642 $3,220,412 $655,743
2020 $1,513,666 $1,640,811 $2,486,544 $-127,145
2019 $2,362,395 $2,330,188 $2,277,088 $32,207
2018 $2,232,045 $2,334,029 $2,390,941 $-101,984
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