TWIN CITY SPORTS ASSOCIATION INC

EIN: 561310435 501(c)(3)

BERMUDA RUN, NC

Total Revenue
$581,258
Total Expenses
$567,210
Total Assets
N/A
Net Assets
N/A
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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
1988
Legal Domicile
NC
Principal Officer
SCOTT WOLLASTON
Phone
3369984277
Tax Period
2020-07-01 to 2021-06-30

TWIN CITY SPORTS ASSOCIATION INC, founded in 1988, is a small nonprofit that reported $581K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year.

Mission

SUPPORT YOUTH SPORTS

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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 (2020)

Revenue Breakdown

Contributions & Grants $331,185
Program Service Revenue $250,000
Investment Income $73
Other Revenue $0
TOTAL REVENUE $581,258

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $452,375
Other Expenses $567,210
TOTAL EXPENSES $567,210

Year-over-Year Comparison

2020 2019 Change
Revenue $581,258 $701,108 -0.2%
Expenses $567,210 $586,852 0.0%
Net Income $14,048 $114,256 -0.9%
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
8
Independent Members
8
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
1
$141,281
Total Directors
9
$141,281
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT WALLASTON EXECUTIVE DIRECTOR 5.00
Officer Director
$0 $0 $141,281
STEVE SUDLER DIRECTOR 1.00
Director
$0 $0 $0
BRAD BENNETT DIRECTOR 1.00
Director
$0 $0 $0
TRACEY CASS DIRECTOR 1.00
Director
$0 $0 $0
MATIAS FERRARIO DIRECTOR 1.00
Director
$0 $0 $0
JASON ZAKS DIRECTOR 1.00
Director
$0 $0 $0
TERRY HALES DIRECTOR 1.00
Director
$0 $0 $0
CRAIG PEATROSS DIRECTOR 1.00
Director
$0 $0 $0
CHAD HANSEN 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
2021 $581,258 $567,210 No data $14,048
2019 $1,824,984 $1,879,593 $8,561,235 $-54,609
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