CAROLINA ALUMNI CLUB INC (EIN 561807664) - 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

1993

Legal Domicile

Phone

9199621101

Tax Period

2023-01-01 to 2023-12-31

CAROLINA ALUMNI CLUB INC, founded in 1993, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 4% surplus.

Mission

The Carolina Alumni Club Inc. is organized to own operate and maintain a social club exclusively for the pleasure recreation and other purposes of its members.

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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 $0

Program Service Revenue $3,324,491

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,324,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,720,792

Fundraising Expenses $0

Program Expenses $3,179,622

Other Expenses $1,458,830

TOTAL EXPENSES $3,179,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,324,491	$2,584,872	+0.3%
Expenses	$3,179,622	$2,697,242	+0.2%
Net Income	$144,869	$-112,370	-2.3%

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

$96,697

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Cheek	General Manager	40.00	Key Emp	$96,697	$0	$96,697
Dwight M Davidson	Chair	2.00	Officer Director	$0	$0	$0
Bonnie O'Quinn	Director	2.00	Director	$0	$0	$0
Dwayne Ballen	Director	2.00	Director	$0	$0	$0
Kristen Smith	Director	2.00	Director	$0	$0	$0
Meleata Pinto	Director	2.00	Director	$0	$0	$0
Karlie Cain	Director	2.00	Director	$0	$0	$0
Aaron Nelson	Director	2.00	Director	$0	$0	$0
John Brooker	Director	2.00	Director	$0	$0	$0
Veronica Flaspoehler	Secretary	2.00	Officer	$0	$0	$0
Stephen Shaw	Treasurer	5.00	Officer	$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	No data	No data	No data	No data
2023	$3,324,491	$3,179,622	$1,455,440	$144,869
2022	$2,584,872	$2,697,242	$1,331,878	$-112,370
2021	$1,542,636	$2,018,105	$575,530	$-475,469
2020	$1,593,580	$2,029,702	$572,854	$-436,122

CAROLINA ALUMNI CLUB INC