ASSISTANCE LEAGUE OF CHARLOTTE FOUNDATION (EIN 921558507) - 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

2022

Legal Domicile

Principal Officer

CAROLYN LUNDIN

Phone

7045255228

Tax Period

2024-06-01 to 2025-05-31

ASSISTANCE LEAGUE OF CHARLOTTE FOUNDATION, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $692K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $560K, a strong 81% operating margin.

Mission

TO SUPPORT THE NEEDS OF LIFT UP CAROLINAS, A 501(C)3 NONPROFIT ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $691,597

Other Revenue $0

TOTAL REVENUE $691,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,000

Other Expenses $131,310

TOTAL EXPENSES $131,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$691,597	$865,612	-0.2%
Expenses	$131,310	$135,472	0.0%
Net Income	$560,287	$730,140	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE BEDNARCIK	BOARD OF DIR	5.00	Director	$0	$0	$0
PAT DRIES	BOARD OF DIR	5.00	Director	$0	$0	$0
KAY FAUCETTE	BOARD OF DIR	5.00	Director	$0	$0	$0
MARY LOU GRGURICH	TREASURER	5.00	Officer Director	$0	$0	$0
MADA HENDERSON	BOARD OF DIR	5.00	Director	$0	$0	$0
CAROLYN LUNDIN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
SUSAN RIELLY	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA ROYSTER	BOARD OF DIR	5.00	Director	$0	$0	$0
KAREN SITTON	BOARD OF DIR	5.00	Director	$0	$0	$0
SUSAN SMYLIE	BOARD OF DIR	5.00	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
2025	$691,597	$131,310	$7,530,576	$560,287
2024	$865,612	$135,472	$6,974,405	$730,140
2023	$6,247,698	$7,833	$6,247,698	$6,239,865

ASSISTANCE LEAGUE OF CHARLOTTE FOUNDATION