SANDHILLS SANDSHARKS INC (EIN 561838975) - 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

Principal Officer

LINDLEY FLEURY

Phone

9106925777

Tax Period

2022-09-01 to 2023-08-31

SANDHILLS SANDSHARKS INC, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $212K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $263K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION PROVIDES SWIM TRAINING FROM BEGINNER TO SENIOR NATIONAL LEVELS, AND THE PROGRAM ALLOWS SWIMMERS TO COMPETE IN MEETS SPONSORED BY USA SWIMMING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $11,091

Program Service Revenue $185,473

Investment Income $14,975

Other Revenue $0

TOTAL REVENUE $211,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,716

Fundraising Expenses $0

Program Expenses $223,437

Other Expenses $143,683

TOTAL EXPENSES $263,399

Year-over-Year Comparison

	2022	2021	Change
Revenue	$211,539	$253,247	-0.2%
Expenses	$263,399	$286,060	-0.1%
Net Income	$-51,860	$-32,813	+0.6%

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

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

$55,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT GAINEY	HEAD COACH	20.00	Director	$55,995	$0	$55,995
LINDLEY FLEURY	PRESIDENT	20.00	Officer Director	$0	$0	$0
ED HILL	VICE PRESIDE	20.00	Officer Director	$0	$0	$0
MARVIN MILKOWICH	DIRECTOR	5.00	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
2023	$211,539	$263,399	$15,090	$-51,860
2021	$250,937	$216,144	$90,008	$34,793
2020	$202,284	$187,892	$167,680	$14,392
2019	$229,915	$293,170	$46,077	$-63,255

SANDHILLS SANDSHARKS INC