The Mustang Club

EIN: 562016970 501(c)(3) Youth Development

Charlotte, NC

Total Revenue
$559,981
Total Expenses
$524,273
Total Assets
$360,909
Net Assets
$360,909
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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
1998
Legal Domicile
NC
Principal Officer
Marsha Thrasher
Phone
9803435800
Tax Period
2024-07-01 to 2025-06-30

The Mustang Club, founded in 1998, is a small nonprofit in the Youth Development sector that reported $560K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $524K left a modest 6% surplus.

Mission

To promote the interests of the athletic program at Myers Park High School in conjunction with the operation of the Myers Park High School Booster Club

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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 (2024)

Revenue Breakdown

Contributions & Grants $463,460
Program Service Revenue $0
Investment Income $9,042
Other Revenue $87,479
TOTAL REVENUE $559,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $505,683
Other Expenses $524,273
TOTAL EXPENSES $524,273

Year-over-Year Comparison

2024 2023 Change
Revenue $559,981 $667,672 -0.2%
Expenses $524,273 $520,711 +0.0%
Net Income $35,708 $146,961 -0.8%
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
38
Independent Members
38
Employees
N/A
Volunteers
500

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
16
$0
Total Directors
38
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jamie Curtis PTSO Rep 0.00
Officer Director
$0 $0 $0
Mandi Keith Bell Past President 0.00
Officer Director
$0 $0 $0
Marsha Thrasher President 0.00
Officer Director
$0 $0 $0
Danielle South President 0.00
Officer Director
$0 $0 $0
Kris Humphreys Treasurer 0.00
Officer Director
$0 $0 $0
Elizabeth Taylor Secretary 0.00
Officer Director
$0 $0 $0
Brian Poore Athletic Dir. 0.00
Officer Director
$0 $0 $0
Cameron Wagner President Elect 0.00
Officer Director
$0 $0 $0
Shane Wagner President Elect 0.00
Officer Director
$0 $0 $0
Patrick Golden VP Sponsorship 0.00
Officer Director
$0 $0 $0
Melissa Sullivan VP Membership 0.00
Officer Director
$0 $0 $0
Brooke Koppang Asst. Treasurer 0.00
Officer Director
$0 $0 $0
Melissa Murphy VP Membership 0.00
Officer Director
$0 $0 $0
Bo South VP Sponsorship 0.00
Officer Director
$0 $0 $0
Abe Early Director 0.00
Director
$0 $0 $0
Shelley Butler VP Sponsorship 0.00
Officer Director
$0 $0 $0
Steve Taylor Director 0.00
Director
$0 $0 $0
Nichelle Weintraub Director 0.00
Director
$0 $0 $0
Jodie Ayres Director 0.00
Director
$0 $0 $0
Meredeth Murr Director 0.00
Director
$0 $0 $0
Katie Davis PTSO Rep 0.00
Officer Director
$0 $0 $0
Catherine Monroe Director 0.00
Director
$0 $0 $0
Louisa Fisher Director 0.00
Director
$0 $0 $0
Ginger Salmon Director 0.00
Director
$0 $0 $0
Lori Hager Director 0.00
Director
$0 $0 $0
Kim Walters Director 0.00
Director
$0 $0 $0
Cathy Bradley Director 0.00
Director
$0 $0 $0
Michele Duly Director 0.00
Director
$0 $0 $0
Katie Williams Director 0.00
Director
$0 $0 $0
Lindsey Boner Director 0.00
Director
$0 $0 $0
John Ryan Director 0.00
Director
$0 $0 $0
Drew Thrasher Director 0.00
Director
$0 $0 $0
Doug Bolt Director 0.00
Director
$0 $0 $0
Braondon Walters Director 0.00
Director
$0 $0 $0
Garth Sweet Director 0.00
Director
$0 $0 $0
Alex Bauer Director 0.00
Director
$0 $0 $0
Kip Kiger Director 0.00
Director
$0 $0 $0
Michelle Richards Director 0.00
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
2025 $559,981 $524,273 $360,909 $35,708
2024 $667,672 $520,711 $325,201 $146,961
2023 $634,272 $554,584 $178,240 $79,688
2022 $464,029 $491,578 $99,636 $-27,549
2021 $211,431 $225,859 $131,752 $-14,428
2020 $302,148 $310,232 $170,692 $-8,084
2019 $344,404 $334,674 $166,978 $9,730
2018 $369,559 $324,272 $157,248 $45,287
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