Charlotte Institute for Faith & Work

EIN: 862555619 501(c)(3)

Charlotte, NC

Total Revenue
$278,977
Total Expenses
$311,287
Total Assets
$14,746
Net Assets
$14,746
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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
NC
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

Reimagining work in the context of the Biblical narrative, Equipping Christians to lve more fully integrated lives, and cultivating community leading to cultural renewal.

Program Service Accomplishments

Program 1
Expenses: $42,594 Revenue: $20,818

412 Fellows - a cohort that encourages 12-14 individuals each year to reimagine and rethink the role that work has as a part of their faith, and how to act upon those realizations to impact their...

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412 Fellows - a cohort that encourages 12-14 individuals each year to reimagine and rethink the role that work has as a part of their faith, and how to act upon those realizations to impact their workplaces, co- workers, and their city. This includes weekly night of teaching and conversation, end of year projects, and two annual retreats.

Program 2
Expenses: $8,628 Revenue: $1,901

CIFW led city-wide events to help individuals reiagine work in the context of the Biblical narrative.

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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 (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

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Governance

Voting Members
12
Independent Members
11
Employees
3
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
1
$0
Total Directors
6
$0
Key Employees
2
$156,333
Highest Compensated
0
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
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