NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION (EIN 581791724) - 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

7043791242

Tax Period

2024-09-01 to 2025-08-31

NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION, founded in 1987, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $48.0M in total revenue in fiscal year 2024.

Mission

SEE PART III LINE 1

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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 $3,089,871

Program Service Revenue $39,937,548

Investment Income $643,060

Other Revenue $4,353,092

TOTAL REVENUE $48,023,571

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $9,077,504

Fundraising Expenses $574,481

Program Expenses $48,343,622

Other Expenses $41,609,366

TOTAL EXPENSES $50,756,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,023,571	$49,039,682	0.0%
Expenses	$50,756,870	$49,409,963	+0.0%
Net Income	$-2,733,299	$-370,281	+6.4%

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

795

Volunteers

277

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

$899,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abbe McCracken	Education Committee Chair	4.0	Officer Director	$0	$0	$0
David Head	Chair of the Board of Trustees	10.0	Officer Director	$0	$0	$0
Derek Raghavan	Governance Committee Chair	4.0	Officer Director	$0	$0	$0
John Giannuzzi	Past Chair of the Board of Trustees	10.0	Officer Director	$0	$0	$0
Marisa Thalberg	Marketing Committee Chair	4.0	Officer Director	$0	$0	$0
Pat Rodgers	Board Secretary	4.0	Officer Director	$0	$0	$0
Paul Hennigan	Treasurer and Finance & Audit Committee Chair	4.0	Officer Director	$0	$0	$0
Rasu Shrestha	Strategy and Innovation Committee Chair	4.0	Officer Director	$0	$0	$0
Richard Nichols	Community Impact and Partnership Committee Chair	4.0	Officer Director	$0	$0	$0
Tom Eiselt	Facilities Committee Chair	4.0	Officer Director	$0	$0	$0
Tricia McDermott-Spikes	Talend Development and Retention Committee Chair	4.0	Officer Director	$0	$0	$0
Angela Yochem	Board Member	1.0	Director	$0	$0	$0
Brad Bender	Board Member	1.0	Director	$0	$0	$0
Dante Anderson	Board Member	1.0	Director	$0	$0	$0
Dena Diorio	Board Member	1.0	Director	$0	$0	$0
Donna Julian	Board Member	1.0	Director	$0	$0	$0
Donna Perkins	Board Member	1.0	Director	$0	$0	$0
Edwin Peacock	Board Member	1.0	Director	$0	$0	$0
Emily Sheldon	Board Member	1.0	Director	$0	$0	$0
Evan Turtz	Board Member	1.0	Director	$0	$0	$0
Jaime Monday	Board Member	1.0	Director	$0	$0	$0
Jami Farris	Board Member	1.0	Director	$0	$0	$0
Jeanine Wilson	Board Member	1.0	Director	$0	$0	$0
John Nurkin	Board Member	1.0	Director	$0	$0	$0
Liz Sterling	Board Member	1.0	Director	$0	$0	$0
Matt Bank	Board Member	1.0	Director	$0	$0	$0
Megan Grueling	Board Member	1.0	Director	$0	$0	$0
Michael Bryant	Board Member	1.0	Director	$0	$0	$0
Onyeka Nchege	Board Member	1.0	Director	$0	$0	$0
Susanna Parker	Board Member	1.0	Director	$0	$0	$0
Christy Majors	Chief Financial Officer	50.0	Officer	$132,149	$1,492	$133,641
Tom Gabbard	President	60.0	Officer	$653,171	$112,403	$765,574
Andrea Maloney	Chief Education Officer	40.0	Highest	$120,426	$25,700	$146,126
Daniel Knaub	Chief Marketing Officer	50.0	Highest	$191,081	$31,667	$222,748
David Kummings	Chief Venue Operations Officer	50.0	Highest	$131,346	$3,738	$135,084
Jennifer Catrambone	Chief Human Resources Officer	50.0	Highest	$157,701	$19,897	$177,598
Samantha Kowert	VP of Development	50.0	Highest	$215,147	$26,079	$241,226
Steven Brace	Former CFO	0.0		$346,271	$24,564	$370,835

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	$48,023,571	$50,756,870	$65,390,028	$-2,733,299
2024	$49,039,682	$49,409,963	$66,438,942	$-370,281
2023	$45,746,637	$45,234,610	$63,634,788	$512,027
2022	$51,887,136	$50,469,946	$58,135,879	$1,417,190
2021	$27,191,791	$23,049,038	$73,403,883	$4,142,753
2020	$23,681,356	$26,607,108	$47,388,531	$-2,925,752
2019	$43,268,873	$43,213,685	$50,417,578	$55,188
2018	$40,621,319	$36,786,872	$59,434,567	$3,834,447

NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION