THE CAROLINA LEAGUE INC (EIN 560513281) - 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

1959

Legal Domicile

Principal Officer

GEOFFREY W LASSITER

Phone

3368314630

Tax Period

2019-10-01 to 2020-09-30

THE CAROLINA LEAGUE INC, founded in 1959, is a small nonprofit that reported $227K in total revenue in fiscal year 2019. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $254K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTE INTEREST IN MINOR LEAGUE BASEBALL, ELEVATE THE STANDARDS OF MINOR LEAGUE BASEBALL AND CONDUCT A CHAMPIONSHIP SEASON CONSISTING OF A REGULAR SEASON, AN ALL STAR GAME AND PLAYOFF GAMES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $226,750

Investment Income $0

Other Revenue $500

TOTAL REVENUE $227,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,088

Fundraising Expenses $0

Other Expenses $56,903

TOTAL EXPENSES $253,991

Year-over-Year Comparison

	2019	2018	Change
Revenue	$227,250	$606,548	-0.6%
Expenses	$253,991	$625,074	-0.6%
Net Income	$-26,741	$-18,526	+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

$157,409

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFFREY W LASSITER	President	40.00	Officer	$157,409	$0	$157,409
D G ELMORE	Director	1.00	Director	$0	$0	$0
DAVE HELLER	Director	1.00	Director	$0	$0	$0
CHARLES M GREENBERG	Director	1.00	Director	$0	$0	$0
TIMOTHY ZUE	Executive VP	1.00	Director	$0	$0	$0
ARTHUR L SILBER	Director	1.00	Director	$0	$0	$0
BILLY D PRIM	Vice President	1.00	Officer Director	$0	$0	$0
KEN YOUNG	Secretary	1.00	Officer Director	$0	$0	$0
DAVID LANE	Director	1.00	Director	$0	$0	$0
TYLER BARNES	Director	1.00	Director	$0	$0	$0
JOE JANUSZEWSKI	Director	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	$227,250	$253,991	$64,252	$-26,741
2019	$606,548	$625,074	$104,185	$-18,526

THE CAROLINA LEAGUE INC