Charlotte Family Housing (EIN 581599120) - 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

1985

Legal Domicile

Principal Officer

Elizabeth Kurtz

Phone

7043355488

Tax Period

2023-07-01 to 2024-06-30

Charlotte Family Housing, founded in 1985, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

The mission of Charlotte Family Housing is to empower working families experiencing homelessness to achieve long-term self-sufficiency through shelter, housing, supportive services, and advocacy.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,559,616

Program Service Revenue $0

Investment Income $45,861

Other Revenue $311,150

TOTAL REVENUE $2,916,627

Expense Breakdown

Grants Paid $630,322

Salaries & Benefits $1,713,301

Fundraising Expenses $317,267

Program Expenses $2,531,310

Other Expenses $685,262

TOTAL EXPENSES $3,028,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,916,627	$3,256,523	-0.1%
Expenses	$3,028,885	$3,187,671	0.0%
Net Income	$-112,258	$68,852	-2.6%

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

Volunteers

413

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

$120,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Kurtz	Executive Dir.	40.00	Officer	$105,338	$14,669	$120,007
Tricia Wilson Magee	Chairman	1.00	Officer Director	$0	$0	$0
Paula Moss	Vice Chair	1.00	Officer Director	$0	$0	$0
Kari Kalgren	Secretary	1.00	Officer Director	$0	$0	$0
Eric Moody	Finance Committ	1.00	Director	$0	$0	$0
Darren Ash	Advisory Develo	1.00	Director	$0	$0	$0
Robert Hoyla	Governance Comm	1.00	Director	$0	$0	$0
Elizabeth Dickens	Board Member	1.00	Director	$0	$0	$0
Ben Hill	Board Member	1.00	Director	$0	$0	$0
Paul Baalman	Board Member	1.00	Director	$0	$0	$0
Matt Ricketts	Board Member	1.00	Director	$0	$0	$0
Scott H Shannon	Board Member	1.00	Director	$0	$0	$0
Lamont Simmons	Board Member	1.00	Director	$0	$0	$0
Louise Bhavnani	Board Member	0.00	Director	$0	$0	$0
Patty Brown	Board Member	0.00	Director	$0	$0	$0
Jill Cole	Board Member	0.00	Director	$0	$0	$0
Amber Mulligan	Board Member	0.00	Director	$0	$0	$0
Tim Vest	Board Member	0.00	Director	$0	$0	$0
Tiffany Victor-Castleberry	Board Member	0.00	Director	$0	$0	$0
Angela Witt	Board 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
2025	No data	No data	No data	No data
2024	$2,916,627	$3,028,885	$3,922,083	$-112,258
2023	$3,256,523	$3,187,671	$3,820,939	$68,852
2022	$3,379,237	$3,604,809	$3,736,350	$-225,572
2021	$3,873,758	$3,854,074	$4,223,277	$19,684
2020	$3,552,611	$3,477,514	$4,112,017	$75,097
2019	$3,222,236	$3,226,767	$3,491,093	$-4,531

Charlotte Family Housing