CHARLOTTE LIFE NAVIGATORS INC

EIN: 851976549 501(c)(3) Human Services

CHARLOTTE, NC

Total Revenue
$211,950
Total Expenses
$100,206
Total Assets
$230,264
Net Assets
$230,264
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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
W EDWIN MCMAHAN JR
Phone
8047754312
Tax Period
2023-01-01 to 2023-12-31

CHARLOTTE LIFE NAVIGATORS INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $212K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $112K, a strong 53% operating margin.

Mission

THE CORPORATION WILL HELP DEVELOP A COMMUNITY-WIDE NETWORK OF LIFE NAVIGATORS IN CHARLOTTE WHO WILL BRING INTEGRATED SUPPORT SERVICES TO FAMILIES IN POVERTY ON A LONG-TERM BASIS.

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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 $211,950
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $211,950

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,206
Other Expenses $206
TOTAL EXPENSES $100,206

Year-over-Year Comparison

2023 2022 Change
Revenue $211,950 $258,000 -0.2%
Expenses $100,206 $150,283 -0.3%
Net Income $111,744 $107,717 +0.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W EDWIN MCMAHAN JR PRESIDENT 0.00
Officer
$0 $0 $0
ANNA MCMAHAN TREASURER 0.00
Officer
$0 $0 $0
CHRISTOPHER NESBIT SECRETARY 0.00
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 $211,950 $100,206 $230,264 $111,744
2022 $258,000 $150,283 $118,520 $107,717
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