Families Forward Charlotte Inc (EIN 820790354) - 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

2017

Legal Domicile

Principal Officer

Telitha Hight

Phone

7042996009

Tax Period

2023-07-01 to 2024-06-30

Families Forward Charlotte Inc, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 9% surplus.

Mission

Families Forward Charlotte partners with families living in poverty in Mecklenburg County, NC. We provide individualized mentoring, educational opportunities and essential support as we walk alongside each family on their journey toward long-term stability and economic mobility.

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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 $1,127,458

Program Service Revenue $0

Investment Income $14,220

Other Revenue $183,128

TOTAL REVENUE $1,324,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $514,882

Fundraising Expenses $242,054

Program Expenses $884,315

Other Expenses $692,747

TOTAL EXPENSES $1,207,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,324,806	$1,134,634	+0.2%
Expenses	$1,207,629	$1,076,172	+0.1%
Net Income	$117,177	$58,462	+1.0%

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

150

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

$71,084

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carrie Christian	Executive Dir.	45.00	Officer	$66,624	$4,460	$71,084
Nadine Morgan	Secretary	1.00	Officer Director	$0	$0	$0
Jazmin Hazbun	Director	1.00	Director	$0	$0	$0
Jason Reinfried	Treasurer	2.00	Officer Director	$0	$0	$0
David Privitera	Director	2.00	Director	$0	$0	$0
Elaine Brown	Director	1.00	Director	$0	$0	$0
Raj Merchant	Director	1.00	Director	$0	$0	$0
Telitha Hight	President	3.00	Officer Director	$0	$0	$0
Carrie Graham	Director	1.00	Director	$0	$0	$0
Travluss Mickens	Director	1.00	Director	$0	$0	$0
Jack Lange	Vice President	1.00	Officer Director	$0	$0	$0
Niki Koesel	Director	1.00	Director	$0	$0	$0
Phil Toupin	Director	1.00	Director	$0	$0	$0
Stephanie Simpson	Director	1.00	Director	$0	$0	$0
Deja Coney	Director	1.00	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	$1,324,806	$1,207,629	$843,267	$117,177
2023	$1,134,634	$1,076,172	$772,699	$58,462
2022	$851,352	$723,295	$440,314	$128,057
2021	$510,982	$447,789	$310,610	$63,193
2020	$333,572	$246,200	$241,692	$87,372
2019	$264,062	$150,893	$151,917	$113,169

Families Forward Charlotte Inc