TEAM NORTH CAROLINA GYMNASTICS INC

EIN: 010922275 501(c)(3) Recreation & Sports

Sherrills Ford, NC

Total Revenue
$192,343
Total Expenses
$170,603
Total Assets
$36,717
Net Assets
$28,930
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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
2009
Legal Domicile
NC
Principal Officer
JESSICA HARRIS
Phone
8083518358
Tax Period
2023-09-01 to 2024-08-31

TEAM NORTH CAROLINA GYMNASTICS INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $192K in total revenue in fiscal year 2023. Revenue surged 791% from the prior year, signaling strong growth momentum. Expenses of $171K left a modest 11% surplus.

Mission

Provide administrative services and financial assiatance for the annual state championship for gymnastics as well as host annual compeitions. Approximately 1,700 members currently benefit from the 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $179,485
Investment Income $0
Other Revenue $12,858
TOTAL REVENUE $192,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $165,227
Other Expenses $34,855
TOTAL EXPENSES $170,603

Year-over-Year Comparison

2023 2022 Change
Revenue $192,343 $21,595 +7.9%
Expenses $170,603 $40,708 +3.2%
Net Income $21,740 $-19,113 -2.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessica Harris President 25.00
Officer
$0 $0 $0
Elaine Roberts Vice President 5.00
Officer
$0 $0 $0
Nick Harris Sec/Tres 5.00
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 $192,343 $170,603 $36,717 $21,740
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