Feeding Charlotte Inc (EIN 843548764) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Rajan Merchant

Phone

7046549667

Tax Period

2023-01-01 to 2023-12-31

Feeding Charlotte Inc, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $307K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $278K left a modest 9% surplus.

Mission

Feeding Charlotte rescues surplus, freshly prepared meals to reduce food waste and feed the hungry. We believe no food should be wasted while people go hungry in our community. To make this possible, we pickup unused, excess freshly prepared foods from institutions, dining halls, and caterers (that would otherwise be thrown in the trash) and redirect to nonprofits that feed the hungry.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $304,815

Program Service Revenue $0

Investment Income $1,980

Other Revenue $640

TOTAL REVENUE $307,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,679

Fundraising Expenses $40,599

Program Expenses $200,042

Other Expenses $162,606

TOTAL EXPENSES $278,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,435	$234,650	+0.3%
Expenses	$278,285	$194,960	+0.4%
Net Income	$29,150	$39,690	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$40,833

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rich Armenia	Executive Dir.	40.00	Officer	$40,833	$0	$40,833
Kim Aprill	President / ED	40.00	Director	$35,000	$0	$35,000
Rajan Merchant	Chair	1.00	Director	$0	$0	$0
Taylor Houston	Director	1.00	Director	$0	$0	$0
Paul Reinfeld	Secretary	1.00	Director	$0	$0	$0
Shelley Miller	Treasurer	0.50	Director	$0	$0	$0
Neil Bloomfield	Director	1.00	Director	$0	$0	$0
Betty Alexander	Director	3.00	Director	$0	$0	$0
Amy Dong	Director	3.00	Director	$0	$0	$0
Linda Ravkic	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
2024	No data	No data	No data	No data
2023	$307,435	$278,285	$146,721	$29,150
2022	$234,650	$194,960	$117,521	$39,690

Feeding Charlotte Inc