OUTER BANKS SPORTING EVENTS INC (EIN 383804133) - 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

2009

Principal Officer

HUGH RAWLINS

Phone

2522612004

Tax Period

2023-01-01 to 2023-12-31

OUTER BANKS SPORTING EVENTS INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $291K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO ORGANIZE AND PROMOTE SPORTS COMPETITION AND HEALTHY LIVING WHILE CONTRIBUTING TO ECONOMIC DEVELOPMENT AND PROVIDING FINANCIAL RESOURCES TO THE OUTER BANKS OF NORTH CAROLINA.

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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 $52,770

Program Service Revenue $238,407

Investment Income $0

Other Revenue $0

TOTAL REVENUE $291,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,349

Fundraising Expenses $14,359

Program Expenses $268,803

Other Expenses $244,457

TOTAL EXPENSES $303,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,177	$382,997	-0.2%
Expenses	$303,806	$404,703	-0.2%
Net Income	$-12,629	$-21,706	-0.4%

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

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
CHARLIE DAVIDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTIN DONLAN	TREASURER	5.00	Officer Director	$0	$0	$0
MEREDITH FOREMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
HUGH RAWLINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
GLEN THOMPSON	SECRETARY	2.00	Officer Director	$0	$0	$0
ADRIAN TILLETT	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$291,177	$303,806	$91,427	$-12,629
2022	$382,997	$404,703	$187,296	$-21,706
2021	$98,176	$163,187	$195,912	$-65,011
2020	$164,137	$168,636	$208,263	$-4,499
2020	$163,977	$156,619	$219,176	$7,358
2019	$528,816	$466,896	$83,873	$61,920

OUTER BANKS SPORTING EVENTS INC