West Side CLT (EIN 821143067) - 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

Charis Blackmon

Phone

9809991342

Tax Period

2023-01-01 to 2023-12-31

West Side CLT, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 959% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 92% operating margin.

Mission

Create permanently affordable housing with community-centered development in West Charlotte and beyond

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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 $7,293,150

Program Service Revenue $0

Investment Income $-286,694

Other Revenue $133,308

TOTAL REVENUE $7,139,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,929

Fundraising Expenses $182,256

Program Expenses $270,830

Other Expenses $420,702

TOTAL EXPENSES $573,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,139,764	$674,022	+9.6%
Expenses	$573,631	$409,438	+0.4%
Net Income	$6,566,133	$264,584	+23.8%

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

$132,832

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charis Blackmon	Executive Dir.	40.00	Officer	$127,488	$5,344	$132,832
Jamall Kinard	Chair	0.23	Officer Director	$0	$0	$0
Chelsea Ray	Vice Chair	0.23	Officer Director	$0	$0	$0
Elsie Garfield	Treasurer	0.23	Officer Director	$0	$0	$0
Rebbie Timmons	Secretary	0.23	Officer Director	$0	$0	$0
Paul Pearl	Director	0.23	Director	$0	$0	$0
Terry Brown	Director	0.23	Director	$0	$0	$0
D'Asia Feaster	Director	0.23	Director	$0	$0	$0
Sulayman Sal Nyang	Director	0.23	Director	$0	$0	$0
Sammy Jackson	Director	0.23	Director	$0	$0	$0
Steven Kellems	Director	0.23	Director	$0	$0	$0
Roma Johnson	Director	0.23	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	No data	No data	No data	No data
2023	$7,139,764	$573,631	$12,134,010	$6,566,133
2022	$674,022	$409,438	$4,795,940	$264,584
2021	$2,437,132	$282,078	$3,162,169	$2,155,054
2020	$439,079	$125,697	$960,029	$313,382
2019	$343,436	$99,173	$326,495	$244,263

West Side CLT