BEACH BALL CLASSIC (EIN 570780171) - 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

Principal Officer

CHAD SMITH

Phone

8435820439

Tax Period

2024-04-01 to 2025-03-31

BEACH BALL CLASSIC is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $218K left a modest 6% surplus.

Mission

THE ORGANIZATION SPONSORS AN ANNUAL 4-5 DAY HIGH SCHOOL BASKETBALL TOURNAMENT. THIS EVENT PROVIDES ACTIVITY AND ENTERTAINMENT FOR THE SOCIAL IMPROVEMENT AND GENERAL WELFARE OF THE COMMUNITY. IT ALSO PROVIDES SUPPORT FOR THE SOCASTEE HIGH SCHOOL BASKETBALL PROGRAM, AND PROVIDES A SCHOLARSHIP FOR EACH HORRY COUNTY SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $231,871

Program Service Revenue $0

Investment Income $47

Other Revenue $0

TOTAL REVENUE $231,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,881

Other Expenses $217,570

TOTAL EXPENSES $217,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,918	$273,177	-0.2%
Expenses	$217,570	$235,994	-0.1%
Net Income	$14,348	$37,183	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY GASPERSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
KEITH POWELL	TREASURER	10.00	Officer	$0	$0	$0
CHAD SMITH	PRESIDENT	1.00	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
2025	$231,918	$217,570	$189,304	$14,348
2024	$273,177	$235,994	$174,956	$37,183
2023	$347,737	$318,500	$137,773	$29,237
2022	$342,840	$280,466	$108,536	$62,374
2021	$326,672	$324,035	$46,200	$2,637
2020	$325,924	$386,261	$43,525	$-60,337
2019	$349,536	$370,871	$103,862	$-21,335

BEACH BALL CLASSIC