FREEWHEELERS CYCLING ASSOCIATION

EIN: 472039148 501(c)(3) Recreation & Sports

SPARTANBURG, SC

Total Revenue
$230,430
Total Expenses
$179,736
Total Assets
$89,466
Net Assets
$83,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
SC
Principal Officer
KARL JOHNSON
Phone
5133323840
Tax Period
2023-01-01 to 2023-12-31

FREEWHEELERS CYCLING ASSOCIATION, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $230K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 22% operating margin.

Mission

TO PROVIDE BICYCLE EDUCATION, PROMOTE BICYCLE SAFETY, AND PROVIDE A FORUM FOR AMATUER SPORTS COMPETITION AND TOURING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $500
Program Service Revenue $229,930
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $177,761
Other Expenses $179,736
TOTAL EXPENSES $179,736

Year-over-Year Comparison

2023 2022 Change
Revenue $230,430 $127,359 +0.8%
Expenses $179,736 $168,476 +0.1%
Net Income $50,694 $-41,117 -2.2%
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
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARL JOHNSON PRESIDENT N/A
Officer Director
$0 $0 $0
LARRY HART VICE PRESIDE N/A
Officer Director
$0 $0 $0
PABLO PENA DIRECTOR N/A
Director
$0 $0 $0
GREG KYZER DIRECTOR N/A
Director
$0 $0 $0
JIM HINES TREASURER N/A
Officer Director
$0 $0 $0
PAUL LEFRANCOIS DIRECTOR N/A
Director
$0 $0 $0
STEPHANIE GRUBER DIRECTOR N/A
Director
$0 $0 $0
MICHAEL FORRESTER DIRECTOR N/A
Director
$0 $0 $0
LARRY RICHARDS DIRECTOR N/A
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 $230,430 $179,736 $89,466 $50,694
2022 $127,359 $168,476 $33,217 $-41,117
2021 $35,102 $25,263 $74,334 $9,839
2020 $81,836 $29,995 $141,438 $51,841
2019 $240,493 $176,907 $89,597 $63,586
2018 $138,482 $171,904 $26,011 $-33,422
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