Park Sharon Athletic Association Inc

EIN: 200251949 501(c)(3) Recreation & Sports

Charlotte, NC

Total Revenue
$344,461
Total Expenses
$314,127
Total Assets
$217,880
Net Assets
$217,880
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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
2004
Legal Domicile
NC
Principal Officer
Lauren Murray
Phone
7045604203
Tax Period
2024-11-01 to 2025-10-31

Park Sharon Athletic Association Inc, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $344K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $314K left a modest 9% surplus.

Mission

Non-profit organization that provides boys and girls with an opportunity to participate in organized sports regardless of income and ability.

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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 $17,114
Program Service Revenue $321,570
Investment Income $5,777
Other Revenue $0
TOTAL REVENUE $344,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $312,634
Other Expenses $314,127
TOTAL EXPENSES $314,127

Year-over-Year Comparison

2024 2023 Change
Revenue $344,461 $313,684 +0.1%
Expenses $314,127 $282,626 +0.1%
Net Income $30,334 $31,058 0.0%
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
9
Independent Members
9
Employees
N/A
Volunteers
200

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
9
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leonard Armstrong President 10.00
Officer Director
$0 $0 $0
Lauren Murray Treasurer 20.00
Officer Director
$0 $0 $0
Brian Miller Board Member at Large 10.00
Officer Director
$0 $0 $0
Thomas Fry Basketball Commissioner 25.00
Officer Director
$0 $0 $0
Robert Barfield Sponsorship Lead 15.00
Officer Director
$0 $0 $0
Michelle Rideout Communications Lead 15.00
Officer Director
$0 $0 $0
Dale Jones Program Director 20.00
Officer Director
$0 $0 $0
Kelly Musante Membership Engagement Lead 10.00
Officer Director
$0 $0 $0
Christine Scott Board Secretary 15.00
Officer 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 $344,461 $314,127 $217,880 $30,334
2024 $313,684 $282,626 $187,546 $31,058
2023 $251,863 $264,400 $156,488 $-12,537
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