Hearts for The Invisible Charlotte Coalition (EIN 852199656) - 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

2020

Legal Domicile

Principal Officer

Jessica Lefkowitz

Phone

7042968060

Tax Period

2024-01-01 to 2024-12-31

Hearts for The Invisible Charlotte Coalition, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $369K, a strong 35% operating margin.

Mission

Eradicating housing inequities for people experiencing homelessness

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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 $1,034,750

Program Service Revenue $16,389

Investment Income $0

Other Revenue $-2,694

TOTAL REVENUE $1,048,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $416,996

Fundraising Expenses $578

Program Expenses $679,631

Other Expenses $262,457

TOTAL EXPENSES $679,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,048,445	$352,327	+2.0%
Expenses	$679,453	$207,033	+2.3%
Net Income	$368,992	$145,294	+1.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$77,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Lefkowitz	Executive Dir.	40.00	Officer	$77,947	$0	$77,947
Malia Suhren	President	1.00	Officer Director	$0	$0	$0
Kenneth Robinson	Vice President	1.00	Officer Director	$0	$0	$0
Laura Gorecki	Secretary	1.00	Officer Director	$0	$0	$0
Ken Griffin	Treasurer	1.00	Officer Director	$0	$0	$0
Allen Chavis	Director	1.00	Director	$0	$0	$0
Doretha Caston	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	$1,048,445	$679,453	$552,802	$368,992
2023	$352,327	$207,033	$151,521	$145,294

Hearts for The Invisible Charlotte Coalition