CharlotteRising

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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

2016

Legal Domicile

Principal Officer

Garrett Bensinger

Phone

5172582362

Tax Period

2023-07-01 to 2024-06-30

CharlotteRising, founded in 2016, is a micro nonprofit in the Community Improvement sector that reported $7K in total revenue in fiscal year 2023. Expenses of $87K exceeded revenue, resulting in a 1175% operating deficit.

Mission

To cultivate a vibrant and enduring downtown Charlotte.

Program Service Accomplishments

Program 1

Expenses: $86,675 Revenue: $6,798

Developing the strategic framework of the organization to implement the ten project goals for the next fiscal year. These goals will benefit the entire downtown business and property environment.

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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 $6,755

Program Service Revenue $0

Investment Income $43

Other Revenue $0

TOTAL REVENUE $6,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,834

Fundraising Expenses $0

Program Expenses $86,675

Other Expenses $23,841

TOTAL EXPENSES $86,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,798	N/A	N/A
Expenses	$86,675	N/A	N/A
Net Income	$-79,877	N/A	N/A

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

$58,235

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelli Garrett	Treasurer	5.00	Director	$0	$0	$0
Melissa Randall	Vice President	5.00	Director	$0	$0	$0
Sam Davis	Secretary	2.00	Director	$0	$0	$0
Keisha Howe	President	2.00	Director	$0	$0	$0
N/A	Executive Director	40.00	Director	$58,235	$0	$58,235
Brad Stark	Director	2.00	Director	$0	$0	$0
William Saint Armour	Director	2.00	Director	$0	$0	$0
Elena Reed	Director	2.00	Director	$0	$0	$0
Cindy Gaedert-Gearhart	Director	2.00	Director	$0	$0	$0
Dawn Nowlan	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	$6,798	$86,675	No data	$-79,877
2023	$44,601	$80,306	No data	$-35,705
2022	$31,265	$54,105	$157,775	$-22,840
2021	$187,789	$130,425	$158,909	$57,364
2020	$212,086	$188,628	$261,550	$23,458