Oak Grove Methodist Charlotte

EIN: 932660965 501(c)(3)

Charlotte, NC

Total Revenue
$211,324
Total Expenses
$95,796
Total Assets
$211,642
Net Assets
$115,528
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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
NC
Principal Officer
Brent Blumberg
Tax Period
2024-01-01 to 2024-12-31

Oak Grove Methodist Charlotte, founded in 2023, is a small nonprofit that reported $211K in total revenue in fiscal year 2024. The organization ran a surplus of $116K, a strong 55% operating margin.

Mission

Church

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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 $203,924
Program Service Revenue $0
Investment Income $0
Other Revenue $7,400
TOTAL REVENUE $211,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,987
Fundraising Expenses $0
Program Expenses $28,035
Other Expenses $56,809
TOTAL EXPENSES $95,796

Year-over-Year Comparison

2024 2023 Change
Revenue $211,324 N/A N/A
Expenses $95,796 N/A N/A
Net Income $115,528 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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
20

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathy Phillips Corporate Officer 0.00
Officer
$0 $0 $0
Brent Blumberg Corporate Officer 0.00
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 $211,324 $95,796 $211,642 $115,528
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