PFLAG Charlotte Inc (EIN 581760960) - 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

1987

Legal Domicile

Phone

7049426857

Tax Period

2024-01-01 to 2024-12-31

PFLAG Charlotte Inc, founded in 1987, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $216K exceeded revenue, resulting in a 46% operating deficit.

Mission

To create a caring, just, and affirming world for LGBTQ+ people and those who love them.

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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 $87,290

Program Service Revenue $20,150

Investment Income $5,639

Other Revenue $35,088

TOTAL REVENUE $148,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,099

Fundraising Expenses $24,247

Program Expenses $153,222

Other Expenses $52,225

TOTAL EXPENSES $216,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,167	$292,508	-0.5%
Expenses	$216,324	$189,508	+0.1%
Net Income	$-68,157	$103,000	-1.7%

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

125

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ray McKinnon	Executive Dir.	40.00	Officer	$75,000	$0	$75,000
Douglas Cooper	Chairman	2.00	Officer Director	$0	$0	$0
Amy Johnson	Director	2.00	Director	$0	$0	$0
Sebastian Barr	Director	2.00	Director	$0	$0	$0
Lindsay Burrell	Director	2.00	Director	$0	$0	$0
Gretchen Kohlhepp	Director	2.00	Director	$0	$0	$0
Shenna Patterson	Director	2.00	Director	$0	$0	$0
Liliana Forero	Director	2.00	Director	$0	$0	$0
SJ Willis	Director	2.00	Director	$0	$0	$0
Suzanne Clements	Secretary	2.00	Officer Director	$0	$0	$0
Ann Gonzalez	Director	2.00	Director	$0	$0	$0
David Mumby	Treasurer	2.00	Officer Director	$0	$0	$0
Dorie Charnin	Director	2.00	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	$148,167	$216,324	$199,576	$-68,157
2023	$310,493	$210,952	$270,574	$99,541
2023	$292,508	$189,508	$274,034	$103,000

PFLAG Charlotte Inc