Charlotte Legal Initiative to Mobilize Businesses (EIN 922362232) - 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

2023

Legal Domicile

Principal Officer

Casey Burke

Phone

7046194504

Tax Period

2024-01-01 to 2024-12-31

Charlotte Legal Initiative to Mobilize Businesses, founded in 2023, is a small nonprofit in the Crime & Legal sector that reported $449K in total revenue in fiscal year 2024. The organization ran a surplus of $230K, a strong 51% operating margin.

Mission

CLIMBs mission is to provide free business law services to under resourced small business owners and entrepreneurs in Mecklenburg County By providing increased access to legal services we improve economic mobility and support small business growth

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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 $448,981

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $448,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,462

Fundraising Expenses $19,087

Program Expenses $186,939

Other Expenses $32,057

TOTAL EXPENSES $218,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$448,981	N/A	N/A
Expenses	$218,519	N/A	N/A
Net Income	$230,462	N/A	N/A

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

$122,285

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY BURKE	Executive Director	40.00	Key Emp	$118,259	$4,026	$122,285
KIMBERLY ZIRKLE	Co Chair	3.00	Officer Director	$0	$0	$0
KATE MAYNARD	Treasurer	3.00	Officer Director	$0	$0	$0
CARTER AREY	Vice Chair	1.00	Director	$0	$0	$0
TIFFANY GRAVES	Vice Chair	1.00	Officer Director	$0	$0	$0
KAITLIN POWERS	Vice Chair	1.00	Director	$0	$0	$0
JILL O PIGEON	Secretary	1.00	Director	$0	$0	$0
BEN PLEUNE	Board Member	1.00	Director	$0	$0	$0
TAMMY NICHOLSON	Board Member	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	$448,981	$218,519	$389,122	$230,462

Charlotte Legal Initiative to Mobilize Businesses