CAKEABLE CHARLOTTE INC (EIN 834376823) - 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

2019

Legal Domicile

Principal Officer

JOHN RATCLIFFE

Phone

7045910253

Tax Period

2024-01-01 to 2024-12-31

CAKEABLE CHARLOTTE INC, founded in 2019, is a small nonprofit in the Employment sector that reported $974K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum.

Mission

AS AN ORGANIZATION WHICH IS COMPELLED BY CHRISTS LOVE, WE OFFER VOCATIONAL TRAINING FOR INDIVIDUALS WHO LIVE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH OUR BAKERY AND CAFE PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $880,744

Program Service Revenue $0

Investment Income $263

Other Revenue $93,023

TOTAL REVENUE $974,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $472,019

Fundraising Expenses $721

Program Expenses $606,169

Other Expenses $494,631

TOTAL EXPENSES $966,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$974,030	$562,771	+0.7%
Expenses	$966,650	$220,514	+3.4%
Net Income	$7,380	$342,257	-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

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

$35,966

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RATCLIFFE	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
RENEE RATCLIFFE	BOARD MEMBER	N/A	Director	$0	$0	$0
RICK JOHNSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY SPEIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES REITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY FLAVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS HILDRETH	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID HOPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNE TOURTELLOT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW MCCARTNEY	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEN NORTON	EXCUTIVE DIRECTOR	40.00	Key Emp	$35,966	$0	$35,966

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	$974,030	$966,650	$461,025	$7,380
2023	$562,771	$220,514	$451,246	$342,257
2023	$562,771	$220,514	$451,246	$342,257

CAKEABLE CHARLOTTE INC