RISING MOVEMENT

EIN: 844880709 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$175,000
Total Expenses
$119,968
Total Assets
$57,810
Net Assets
$57,810
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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
2020
Legal Domicile
NC
Principal Officer
MATTHEW MAGAN
Phone
7049999832
Tax Period
2023-01-01 to 2023-12-31

RISING MOVEMENT, founded in 2020, is a small nonprofit in the Education sector that reported $175K in total revenue in fiscal year 2023. Revenue surged 250% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 31% operating margin.

Mission

SUPPORT CHARLOTTE AREA STUDENTS AND FAMILIES BY CREATING ACCESS TO OPPORTUNITIES TO OPTIMIZE QUALITY OF LIFE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $175,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $175,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,015
Fundraising Expenses $0
Program Expenses $80,911
Other Expenses $68,953
TOTAL EXPENSES $119,968

Year-over-Year Comparison

2023 2022 Change
Revenue $175,000 $50,000 +2.5%
Expenses $119,968 $54,076 +1.2%
Net Income $55,032 $-4,076 -14.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
2
$0
Total Directors
7
$90,515
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW MAGAN PRESIDENT 5.00
Officer Director
$0 $0 $0
ELLIZABETH MAGAN DIRECTOR 0.01
Director
$0 $0 $0
MICHAEL HAHN VICE PRESIDENT 0.01
Officer Director
$0 $0 $0
ADRIENNE MOOREFIELD HAHN DIRECTOR 0.01
Director
$0 $0 $0
ALAN MAGAN DIRECTOR 0.01
Director
$0 $0 $0
MARYANNE HOGAN EXECUTIVE DIRECTOR 40.00
Director
$43,234 $0 $43,234
CHAPMAN ARCHER EXECUTIVE DIRECTOR 40.00
Director
$41,251 $6,030 $47,281
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 $175,000 $119,968 $57,810 $55,032
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