Pirates Cove Billfish Tournament Inc

EIN: 472390247 Recreation & Sports

Manteo, NC

Total Revenue
$103,640
Total Expenses
$104,629
Total Assets
$306,017
Net Assets
$306,017
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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
2015
Legal Domicile
NC
Principal Officer
Eric Dallin
Phone
9192476987
Tax Period
2023-10-01 to 2024-09-30

Pirates Cove Billfish Tournament Inc, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $104K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Net assets of $306K represent 35 months of operating reserves.

Mission

To provide support to local and national non profits by having deep sea fishing tournaments

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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 $16,372
Program Service Revenue $0
Investment Income $0
Other Revenue $87,268
TOTAL REVENUE $103,640

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $103,679
Other Expenses $104,629
TOTAL EXPENSES $104,629

Year-over-Year Comparison

2023 2022 Change
Revenue $103,640 $67,864 +0.5%
Expenses $104,629 $15,075 +5.9%
Net Income $-989 $52,789 -1.0%
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan McKenzie Chairman N/A
Officer Director
$0 $0 $0
Joey Belton Vice Chair N/A
Officer Director
$0 $0 $0
Rebecca Spencer Secretary N/A
Officer Director
$0 $0 $0
Eroc Dallin Treasurer N/A
Officer Director
$0 $0 $0
Rob Warren Board Member N/A
Director
$0 $0 $0
Curtis Colgate Board Member N/A
Director
$0 $0 $0
Fin Gaddy Board Member N/A
Director
$0 $0 $0
Jay Whelees Board Member N/A
Director
$0 $0 $0
Drew McDowell Board Member 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 $103,640 $104,629 $306,017 $-989
2023 $67,864 $15,075 $308,013 $52,789
2022 $31,260 No data $294,217 No data
2021 $277,216 $4,724 $284,057 $272,492
2020 $4,466 No data $174,781 No data
2019 $16,680 $8,075 $65,851 $8,605
2018 $25,295 $930 $76,857 $24,365
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