MARLINS OF RALEIGH INC (EIN 300050977) - 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

2001

Legal Domicile

Principal Officer

PAUL SILVER

Phone

9198513000

Tax Period

2023-09-01 to 2024-08-31

MARLINS OF RALEIGH INC, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

DEVELOPING CHAMPION ATHLETES AND CITIZENS THROUGH COMMITMENT TO EXCELLENCE IN SWIMMING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,902

Program Service Revenue $2,218,142

Investment Income $10,479

Other Revenue $253,579

TOTAL REVENUE $2,492,102

Expense Breakdown

Grants Paid $4,629

Salaries & Benefits $855,664

Fundraising Expenses $0

Program Expenses $2,079,942

Other Expenses $1,586,605

TOTAL EXPENSES $2,446,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,492,102	$2,245,856	+0.1%
Expenses	$2,446,898	$2,332,155	+0.0%
Net Income	$45,204	$-86,299	-1.5%

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

300

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

$97,647

Total Directors

$97,647

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL J SILVER	PRESIDENT, EXECUTIVE DIR.	40.00	Officer Director	$94,722	$2,925	$97,647
CAROLINE SILVER	SECRETARY	4.00	Officer Director	$0	$0	$0
JESSIE BLALOCK	TREASURER	2.00	Officer Director	$0	$0	$0
MATTHEW SCHADE	VICE PRESIDENT	2.00	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
2024	$2,492,102	$2,446,898	$864,562	$45,204
2023	$2,245,856	$2,332,155	$880,938	$-86,299
2022	$2,258,499	$2,249,199	$1,167,052	$9,300
2021	$2,085,324	$1,864,883	$1,167,559	$220,441
2020	$1,751,382	$1,524,316	$1,005,327	$227,066
2019	$1,957,381	$1,823,071	$739,179	$134,310
2018	$1,651,791	$1,811,605	$586,282	$-159,814

MARLINS OF RALEIGH INC