North Carolina Community Sailing (EIN 542192773) - 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

2006

Legal Domicile

Principal Officer

Chuck H Maness

Phone

7042374341

Tax Period

2025-01-01 to 2025-12-31

North Carolina Community Sailing, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $258K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $245K left a modest 5% surplus.

Mission

The purpose of the organization is to provide affordable accessible and safe sailing and waterfront opportunities on Lake Norman for adults and youth.

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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 (2025)

Revenue Breakdown

Contributions & Grants $17,000

Program Service Revenue $172,626

Investment Income $12,911

Other Revenue $54,996

TOTAL REVENUE $257,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,848

Fundraising Expenses $0

Program Expenses $245,437

Other Expenses $124,589

TOTAL EXPENSES $245,437

Year-over-Year Comparison

	2025	2024	Change
Revenue	$257,533	$219,479	+0.2%
Expenses	$245,437	$236,640	+0.0%
Net Income	$12,096	$-17,161	-1.7%

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
Smita Quinn	President	001.00	Officer Director Key Emp	$0	$0	$0
Ken Cloaninger	Vice President/Secretary	001.00	Officer Director Key Emp	$0	$0	$0
Chuck Maness	Treasurer	001.00	Officer Director Key Emp	$0	$0	$0
Mark Ahlstrom	Compliance Officer	001.00	Officer Director Key Emp	$0	$0	$0
David Rink	Board Member	000.50	Director	$0	$0	$0
Joey McMellon	Board Member	000.50	Director	$0	$0	$0
Thomas Franks	Board Member	000.50	Director	$0	$0	$0
Zane Whitley	Board Member	000.50	Director	$0	$0	$0
Kelly Kerbs	Board Member	000.50	Director	$0	$0	$0
Carol Sandke	Board Member	000.50	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
2025	$257,533	$245,437	$293,217	$12,096
2024	$219,479	$236,640	$271,817	$-17,161
2023	$239,997	$233,912	$298,477	$6,085
2022	$240,302	$240,255	$292,492	$47
2021	$245,757	$229,388	$292,445	$16,369
2020	$279,212	$199,011	$276,246	$80,201
2019	$297,724	$286,698	$195,990	$11,026
2018	$232,848	$251,452	$184,849	$-18,604

North Carolina Community Sailing