Charlotte Institute for Faith & Work (EIN 862555619) - 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

2021

Legal Domicile

Principal Officer

Julie Silander

Phone

7045771238

Tax Period

2024-01-01 to 2024-12-31

Charlotte Institute for Faith & Work, founded in 2021, is a small nonprofit that reported $279K in total revenue in fiscal year 2024. Expenses of $311K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Charlotte Institute for Faith Work was founded by a group of people who believe that God cares about our everyday work Its through our work from cleaning public restrooms to creating investment portfolio strategies that God cares for His creation

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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 $251,887

Program Service Revenue $27,090

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,129

Fundraising Expenses $37,848

Program Expenses $51,222

Other Expenses $122,331

TOTAL EXPENSES $311,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,977	N/A	N/A
Expenses	$311,287	$268,989	+0.2%
Net Income	$-32,310	$-268,989	-0.9%

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

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

Total Directors

Key Employees

$156,333

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE SILANDER	Executive Director	40.00	Key Emp	$78,333	$0	$78,333
ALI CROTTS	Development Director	40.00	Key Emp	$78,000	$0	$78,000
WILL MOODY	Board Chair	3.00	Director	$0	$0	$0
ALAN BANKS	Board Member	2.00	Director	$0	$0	$0
MICHELLE JOHN	Board Member	2.00	Director	$0	$0	$0
JAMES GALVIN	Secretary	2.00	Director	$0	$0	$0
JASON TUTTLE	Board Member	2.00	Director	$0	$0	$0
EDITH BROWN	Board Member	2.00	Director	$0	$0	$0
NICK DUSENBURY	Treasurer	2.00	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	$278,977	$311,287	$14,746	$-32,310
2023	$287,419	$268,989	$47,055	$18,430

Charlotte Institute for Faith & Work