Lake Norman High School Athletic Association Inc (EIN 043658582) - 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

2002

Legal Domicile

Principal Officer

Sara Grafals Treasurer

Phone

7077998555

Tax Period

2024-07-01 to 2025-06-30

Lake Norman High School Athletic Association Inc, founded in 2002, is a small nonprofit in the Education sector that reported $447K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

The Lake Norman High School Athletic Association is a group of coaches, parents and community supporters who help organize activites and fundraisers to benefit Lake Norman Athletic Programs. Funds are primary directed toward facilities, equipment, travel, banquets, and apparel.

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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 $446,656

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $446,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $402,590

Other Expenses $471,272

TOTAL EXPENSES $471,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$446,656	$349,948	+0.3%
Expenses	$471,272	$327,342	+0.4%
Net Income	$-24,616	$22,606	-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

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
Sara Grafals	Board Member	2.00	Officer Director	$0	$0	$0
Tony Limon	Board Member	2.00	Director	$0	$0	$0
Jennifer Salazar	President	2.00	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	$446,656	$471,272	$524,014	$-24,616
2024	$349,948	$327,342	$476,153	$22,606
2023	$294,858	$317,956	$499,647	$-23,098
2022	$282,840	$247,969	$559,851	$34,871
2021	$201,202	$121,885	$571,511	$79,317

Lake Norman High School Athletic Association Inc