CRYSTAL COAST TOURNAMENT INC (EIN 561330701) - 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

1982

Legal Domicile

Principal Officer

MIKE THOMPSON

Phone

2522473575

Tax Period

2023-11-01 to 2024-10-31

CRYSTAL COAST TOURNAMENT INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $11.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.8M left a modest 7% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS RAISING FUNDS FOR CHARITIES AND WORTHY COMMUNITY PROJECTS TO PROMOTE CONSERVATON AMOUNG SPORTSFISHERMEN AND PRESERVE MARITIME CULTURE AND HERITAGE WHILE PROMOTING MARINE EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,550

Program Service Revenue $10,158,230

Investment Income $84,196

Other Revenue $1,446,539

TOTAL REVENUE $11,701,515

Expense Breakdown

Grants Paid $1,528,966

Salaries & Benefits $658,976

Fundraising Expenses $0

Program Expenses $10,542,963

Other Expenses $8,643,721

TOTAL EXPENSES $10,831,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,701,515	$10,407,971	+0.1%
Expenses	$10,831,663	$11,011,741	0.0%
Net Income	$869,852	$-603,770	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY KORNEGAY	DIRECTOR	5.00	Director	$0	$0	$0
CAROLINE PETRILLI	DIRECTOR	5.00	Director	$0	$0	$0
CASEY WAGNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CURTIS STRANGE	DIRECTOR	5.00	Director	$0	$0	$0
DALE BRITT	PAST PRESIDENT	5.00	Director	$0	$0	$0
DEW FORBES	DIRECTOR	5.00	Director	$0	$0	$0
EMERY IVEY	PAST PRESIDENT	5.00	Director	$0	$0	$0
HOWARD BASNIGHT	DIRECTOR	5.00	Director	$0	$0	$0
JACK JORDAN	DIRECTOR	4.00	Director	$0	$0	$0
JIM BAILEY	DIRECTOR	5.00	Director	$0	$0	$0
JOY BELL	PAST PRESIDENT	5.00	Director	$0	$0	$0
LES COLLINS	PRESIDENT	5.00	Officer Director	$0	$0	$0
MIKE THOMPSON	TREASURER	5.00	Officer Director	$0	$0	$0
RANDY RAMSEY	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD CROWE	SECRETARY	5.00	Officer Director	$0	$0	$0
ROGER CROWE	DIRECTOR	5.00	Director	$0	$0	$0
TOM BENNETT	DIRECTOR	3.00	Director	$0	$0	$0
BRENT GASKILL	DIRECTOR	3.00	Director	$0	$0	$0
MADISON STRUYK	TOURNAMENT DIRECTOR	40.00	Highest	$156,754	$0	$156,754

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	$11,701,515	$10,831,663	$1,665,806	$869,852
2023	$10,407,971	$11,011,741	$2,875,246	$-603,770
2022	$10,102,081	$11,031,510	$1,569,391	$-929,429
2021	$8,336,613	$7,735,405	$2,453,426	$601,208
2020	$5,674,540	$4,830,733	$1,656,255	$843,807
2019	$4,849,745	$5,549,440	$739,607	$-699,695
2018	$4,534,302	$3,885,228	$1,419,909	$649,074

CRYSTAL COAST TOURNAMENT INC