RALLY CHARLOTTE (EIN 825244772) - 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

2018

Legal Domicile

Principal Officer

JOSHUA DAMESEK

Phone

7043511481

Tax Period

2023-01-01 to 2023-12-31

RALLY CHARLOTTE, founded in 2018, is a micro nonprofit in the Recreation & Sports sector that reported $18K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $339K exceeded revenue, resulting in a 1822% operating deficit.

Mission

WE SEEK TO RALLY CHARLOTTE TO INVEST THEIR SOCIAL CAPITAL IN HELPING TO CREATE A MORE PROMISING, OPTIMISTIC FUTURE FOR ALL GENERATIONS. THROUGH THE SHARED EXPERIENCES OF YOUTH SPORTS AND RECREATION, MENTORING, EDUCATION, HEALTH AND WELLNESS INITIATIVES, AND CULTURAL PROGRAMS, WE ARE BUILDING BRIDGES AND RELATIONSHIPS BETWEEN PEOPLE WHO MIGHT NOT OTHERWISE GET TO INTERACT. AS SUCH, THE OPHELIA GARMON-BROWN COMMUNITY CENTER WILL SERVE AS THE CENTERPIECE OF A HEALTH, EDUCATION, AND WELLNESS CORRIDOR IN WEST CHARLOTTE.

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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 $16,893

Program Service Revenue $0

Investment Income $730

Other Revenue $0

TOTAL REVENUE $17,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,891

Fundraising Expenses $0

Program Expenses $203,464

Other Expenses $100,855

TOTAL EXPENSES $338,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,623	$336,524	-0.9%
Expenses	$338,746	$314,358	+0.1%
Net Income	$-321,123	$22,166	-15.5%

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

Total Directors

Key Employees

$224,700

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LINDSAY	EXECUTIVE DI	40.00	Key Emp	$224,700	$0	$224,700
NANCY BABB	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CLIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA DAMESEK	CHAIRMAN/TRE	1.00	Officer Director	$0	$0	$0
LESLIE KRAEMER	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY LUTZ	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
2023	$17,623	$338,746	$513,015	$-321,123
2022	$336,524	$314,358	$835,393	$22,166
2021	$558,383	$210,192	$810,171	$348,191
2020	$925,325	$826,415	$462,868	$98,910
2019	$503,575	$157,070	$378,901	$346,505

RALLY CHARLOTTE