THE SHARK CLUB INC (EIN 331022599) - 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

2003

Legal Domicile

Principal Officer

CHIP SQUIRES

Phone

8436505600

Tax Period

2023-01-01 to 2023-12-31

THE SHARK CLUB INC, founded in 2003, is a small nonprofit in the Education sector that reported $519K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

THE MISSION AND PURPOSE OF THE SHARK CLUB INCLUDE THE PROMOTING AND SUPPORTING OF ST. JAMES HIGH SCHOOL'S ATHLETIC PROGRAM WITHIN THE GUIDELINES OF THE HORRY COUNTY DEPARTMENT OF EDUCATION AND THE ADMINISTRATION OF ST. JAMES HIGH SCHOOL AS IT PERTAINS TO EXTRACURRICULAR ACTIVITIES; TO FURTHER THE MORALE AND SCHOOL SPIRIT OF THE ATHLETES AND STUDENT BODY AND THE PROMOTION OF THE STUDENT EDUCATION WELFARE, STABILITY AND DEVELOPMENT WITHIN ST. JAMES HIGH SCHOOL.

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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 $205,992

Program Service Revenue $0

Investment Income $16

Other Revenue $313,047

TOTAL REVENUE $519,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $471,326

Other Expenses $505,276

TOTAL EXPENSES $505,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,055	$561,147	-0.1%
Expenses	$505,276	$444,121	+0.1%
Net Income	$13,779	$117,026	-0.9%

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

N/A

Employees

N/A

Volunteers

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	Role	Reportable Comp	Other Comp	Total
CHIP SQUIRES	PRESIDENT	Officer	$0	$0	$0
NIKKI ALLEN	SECRETARY	Officer	$0	$0	$0
KRISTEN RISHER	TREASURER	Officer	$0	$0	$0
DAVE JOLLIFF	PRESIDENT ELECT	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	No data	No data	No data	No data
2023	$519,055	$505,276	$826,018	$13,779
2022	$561,147	$444,121	$834,099	$117,026
2021	$410,313	$341,124	$736,530	$69,189
2020	$281,807	$319,750	$432,914	$-37,943
2019	$382,914	$347,868	$550,632	$35,046
2018	$350,113	$310,335	$534,271	$39,778

THE SHARK CLUB INC