CHARLOTTE GARDENS INC

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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

2003

Legal Domicile

Principal Officer

STEPHANIE SMITH

Phone

5012273600

Tax Period

2023-07-01 to 2024-06-30

CHARLOTTE GARDENS INC, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $137K in total revenue in fiscal year 2023. Net assets of $687K represent 60 months of operating reserves.

Mission

TO PROVIDE HOUSING TO LOW INCOME PERSONS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $104,726 Revenue: $137,389

PROVIDED LOW INCOME PERSONS WITH DISABILITIES WITH HOUSING FACILITIES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND PROMOTED THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS...

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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 $0

Program Service Revenue $137,389

Investment Income $67

Other Revenue $0

TOTAL REVENUE $137,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,831

Fundraising Expenses $0

Program Expenses $104,726

Other Expenses $108,011

TOTAL EXPENSES $138,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,456	$129,118	+0.1%
Expenses	$138,842	$172,294	-0.2%
Net Income	$-1,386	$-43,176	-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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROCK MARTIN	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
JOEY LAMBERT	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
GEORGE COLE	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
WENDY SEE	BOARD MEMBER	0.50	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
2025	No data	No data	No data	No data
2024	$137,456	$138,842	$748,823	$-1,386
2023	$129,118	$172,294	$768,607	$-43,176
2022	$129,955	$153,535	$793,051	$-23,580
2021	$119,116	$142,656	$814,394	$-23,540
2020	$114,360	$152,966	$839,231	$-38,606
2019	$110,876	$134,873	$852,973	$-23,997