CAROLINA FINTECH HUB

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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

Tariq Bokhari

Tax Period

2023-01-01 to 2023-12-31

CAROLINA FINTECH HUB, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $277K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $366K exceeded revenue, resulting in a 32% operating deficit.

Mission

The Carolina Fintech Hub is a non-profit organization comprised of finance and technology leadership in the Carolinas region focused on fostering the advancement of financial technology and talent in the region.

Program Service Accomplishments

Program 1

Expenses: $170,417

Talent Development - Through outreach, hackathons, meetups, conferences, and fintech pitch days, Carolina Fintech Hub (the Organization) is creating additional pipelines of talent to augment todays traditional hiring approaches. Our goal is to place exceptional candidates from diverse backgrounds into open positions, and ultimately retain the best talent in the Carolinas.

Program 2

Expenses: $85,692

Outreach - Connecting the Fintech ecosystem through networking events, conferences, monthly meetings, and other communication channels.

Program 3

Expenses: $85,692

Innovation - Progressing innovation by sourcing a pipeline of innovation for recruitment, incubation and dealmaking.

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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 $277,388

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $277,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,153

Fundraising Expenses $0

Program Expenses $341,801

Other Expenses $101,358

TOTAL EXPENSES $365,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,388	$1,082,602	-0.7%
Expenses	$365,511	$1,842,110	-0.8%
Net Income	$-88,123	$-759,508	-0.9%

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

N/A

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

$250,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tariq Bokhari	President	40.00	Officer Highest	$250,000	$0	$250,000
David Matthews	Director	8.00	Director	$0	$0	$0
Vas Kodali	Director	8.00	Director	$0	$0	$0
Steve Boehm	Director	8.00	Director	$0	$0	$0
Michael Wallace	Treasurer and Director	8.00	Officer Director	$0	$0	$0
John Stoutenger	Secretary and Director	8.00	Officer 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
2023	$277,388	$365,511	$15,200	$-88,123
2022	$1,082,602	$1,842,110	$103,323	$-759,508
2021	$1,537,414	$1,501,342	$895,448	$36,072
2020	$1,427,921	$1,104,173	$826,759	$323,748
2020	$476,667	$945,274	$34,404	$-468,607
2019	$910,000	$1,220,226	$503,011	$-310,226
2018	$955,100	$620,486	$813,237	$334,614