LKN Volleyball Club Inc

EIN: 461864348 501(c)(3) Recreation & Sports

Davidson, NC

Total Revenue
$280,502
Total Expenses
$375,809
Total Assets
$35,884
Net Assets
$-10,786
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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
2012
Legal Domicile
NC
Principal Officer
Albert Arrington
Tax Period
2019-07-01 to 2020-06-30

LKN Volleyball Club Inc, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $281K in total revenue in fiscal year 2019. Revenue decreased 19% compared to the prior year. Expenses of $376K exceeded revenue, resulting in a 34% operating deficit.

Mission

To develop athletes physically, technically, and tactically to achieve their maximum performance as a volleyball player and to promote volleyball as a lifelong sport, regardless of age, gender, or economic background

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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 (2019)

Revenue Breakdown

Contributions & Grants $9,572
Program Service Revenue $270,689
Investment Income $241
Other Revenue $0
TOTAL REVENUE $280,502

Expense Breakdown

Grants Paid $16,506
Salaries & Benefits $165,280
Fundraising Expenses $0
Program Expenses $177,851
Other Expenses $194,023
TOTAL EXPENSES $375,809

Year-over-Year Comparison

2019 2018 Change
Revenue $280,502 $347,837 -0.2%
Expenses $375,809 $411,316 -0.1%
Net Income $-95,307 $-63,479 +0.5%
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

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Governance

Voting Members
5
Independent Members
2
Employees
4
Volunteers
5

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
2
$76,400
Total Directors
5
$152,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Albert Arrington President 8.00
Officer Director
$21,750 $0 $21,750
Kathryn B Cook Vice President 24.00
Officer Director
$54,650 $0 $54,650
Victoria Arrington Director 24.00
Director
$54,650 $0 $54,650
Andrew Cook Director of Community Relatio 8.00
Director
$21,750 $0 $21,750
Nick Bradick Director Strategic Developmen 1.00
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
2020 $280,502 $375,809 $35,884 $-95,307
2019 $347,837 $411,316 $84,521 $-63,479
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