JUNCTION BUSINESS SERVICES INC

EIN: 850657393 501(c)(3) Public & Societal Benefit

CHARLOTTE, NC

Total Revenue
$509,603
Total Expenses
$711,360
Total Assets
$422,689
Net Assets
$422,689
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NC
Tax Period
2023-01-01 to 2023-12-31

JUNCTION BUSINESS SERVICES INC, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $510K in total revenue in fiscal year 2023. Expenses of $711K exceeded revenue, resulting in a 40% operating deficit.

Mission

NXT|CLT, STRIVES TO CREATE A ROBUST PATHWAY TO SUCCESS FOR BUSINESSES OWNED BY PEOPLE OF COLOR. THE COMPANY WAS SET UP WITH A DESIRE TO CREATE A REAL, ACCESSIBLE, AND HIGHLY EFFECTIVE MOVEMENT FOR HIGH-POTENTIAL SMALL AND MEDIUM-SIZED BUSINESSES.

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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 $506,282
Program Service Revenue $0
Investment Income $3,321
Other Revenue $0
TOTAL REVENUE $509,603

Expense Breakdown

Grants Paid $230,000
Salaries & Benefits $133,319
Fundraising Expenses $48,058
Program Expenses $606,343
Other Expenses $348,041
TOTAL EXPENSES $711,360

Year-over-Year Comparison

2023 2022 Change
Revenue $509,603 $489,795 +0.0%
Expenses $711,360 $607,928 +0.2%
Net Income $-201,757 $-118,133 +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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
1
Volunteers
17

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
3
$123,531
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC LEWIS EXEC DIRECTOR CEO 45.00
Officer
$123,531 $0 $123,531
ANITA STATON MEMBER 1.00
Director
$0 $0 $0
TERRY PICKNEY MEMBERACTING SECRETARY 1.00
Director
$0 $0 $0
SHARON MATTHEWS MEMBER 1.00
Director
$0 $0 $0
NATALIE WILLIAMS MEMBER 1.00
Director
$0 $0 $0
HAL LEVINSON MEMBER 1.00
Director
$0 $0 $0
WILLIAM HAYGOOD III MEMBER 1.00
Director
$0 $0 $0
KANICHE BENNETT MEMBER 1.00
Director
$0 $0 $0
RYAN BURKETT MEMBER 1.00
Director
$0 $0 $0
CEDRIC THOMAS MEMBER 1.00
Director
$0 $0 $0
KEVA WALTON MEMBER 1.00
Director
$0 $0 $0
MAC EVERETT MEMBER 1.00
Director
$0 $0 $0
REGINALD BEAN MEMBER 1.00
Director
$0 $0 $0
CHRIS ELLIOT MEMBER 1.00
Director
$0 $0 $0
DANIEL LEVINE MEMBER 1.00
Director
$0 $0 $0
DERRICK DAVIS VICE-CHAIR 3.00
Officer
$0 $0 $0
GREG JOHNSON BOARD CHAIR 5.00
Officer
$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 $509,603 $711,360 $422,689 $-201,757
2022 $489,795 $607,928 $624,553 $-118,133
2021 $1,121,099 $382,387 $742,686 $738,712
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