CLT HOST 2020 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

2018

Legal Domicile

Principal Officer

EDWARD L CURRAN

Phone

7049570805

Tax Period

2022-01-01 to 2022-12-31

CLT HOST 2020 INC, founded in 2018, is a micro nonprofit in the Public & Societal Benefit sector that reported $5K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $470K exceeded revenue, resulting in a 9569% operating deficit.

Mission

CLT HOST 2020, INC., IS A 501(C)(3) NOT FOR PROFIT ECONOMIC DEVELOPMENT ORGANIZATION WITH NO POLITICAL AFFILIATION, RESPONSIBLE FOR ORGANIZING, HOSTING, AND FUNDING THE 2020 REPUBLICAN NATIONAL CONVENTION IN CHARLOTTE. CLT HOST 2020, INC. AIMS TO SHOWCASE CHARLOTTE, THE CAROLINAS, AND THE REGION TO THE WORLD AS A PREMIER LOCATION FOR BUSINESS DEVELOPMENT, HOSPITALITY, AND TOURISM.

Program Service Accomplishments

Program 1

Expenses: $365,050 Revenue: $4,954

THE ORGANIZATION'S ACTIVITIES IN 2022 CONSISTED PRIMARILY OF WINDING DOWN OPERATIONS IN ORDER TO CONTINUE TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF CHARLOTTE, THE COUNTY OF MECKLENBURG, AND...

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,861

Other Revenue $0

TOTAL REVENUE $4,861

Expense Breakdown

Grants Paid $330,000

Salaries & Benefits $91,949

Fundraising Expenses $0

Program Expenses $365,050

Other Expenses $48,059

TOTAL EXPENSES $470,008

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,861	$594,290	-1.0%
Expenses	$470,008	$2,358,438	-0.8%
Net Income	$-465,147	$-1,764,148	-0.7%

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

Total Directors

Key Employees

$38,888

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD L CURRAN	DIRECTOR	10.00	Director	$0	$0	$0
JOHN W LASSITER	PRESIDENT & CEO	10.00	Officer	$0	$0	$0
KIMBERLY L BOWMAN	TREASURER & CFO	30.00	Key Emp	$38,888	$0	$38,888

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
2022	$4,861	$470,008	$2,435,498	$-465,147
2021	$594,290	$2,358,438	$2,898,616	$-1,764,148
2020	$23,456,594	$31,472,467	$4,656,803	$-8,015,873
2019	$18,398,177	$7,941,932	$13,670,964	$10,456,245
2018	$2,998,755	$783,720	$2,250,539	$2,215,035