CAROLINA MARATHON ASSOCIATION INC (EIN 570989561) - 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

1992

Legal Domicile

Principal Officer

RUSSELL PATE

Phone

8037312100

Tax Period

2023-01-01 to 2023-12-31

CAROLINA MARATHON ASSOCIATION INC, founded in 1992, is a small nonprofit that reported $129K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $146K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE HEALTH AND FITNESS; ESTABLISH THE GREATER COLUMBIA AREA AS A NATIONALLY RECOGNIZED CENTER FOR RUNNING EVENTS, PRIMARILY LONG DISTANCE; PROMOTE THE COMMUNITY AND ECONOMIC DEVELOPMENT BY ENHANCING THE GREATER COLUMBIA AREA'S REPUTATION REGIONALLY AND NATIONALLY; IMPROVE THE PUBLIC HEALTH BY PROMOTING APPROPRIATE PHYSICAL ACTIVITY; PROVIDE OPPORTUNITIES FOR PARTICIPATION OF YOUTH IN HEALTH AND FITNESS ACTIVITIES; POSITION CMA TO SUBMIT COMPETITIVE BIDS FOR FUTURE CHAMPIONSHIP AND OLYMPIC TRIAL EVENTS.

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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 $129,365

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,616

Other Expenses $146,322

TOTAL EXPENSES $146,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,365	$172,099	-0.2%
Expenses	$146,322	$146,016	+0.0%
Net Income	$-16,957	$26,083	-1.7%

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
RUSSELL PATE	CHARIMAN	10.00	Director	$0	$0	$0
SUE PORTER	DIRECTOR	5.00	Director	$0	$0	$0
RICK NOBLE	DIRECTOR	5.00	Director	$0	$0	$0
PAT HILE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN BRADLEY	DIRECTOR	5.00	Director	$0	$0	$0
JEANNA MOFFETT	DIRECTOR	5.00	Director	$0	$0	$0
TED HEWITT	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$129,365	$146,322	$75,929	$-16,957
2022	$172,099	$146,016	$55,386	$26,083
2021	$38,000	$41,594	$96,803	$-3,594
2020	$126,766	$156,707	$75,397	$-29,941
2019	$218,869	$221,851	$78,010	$-2,982
2018	$211,879	$202,558	$54,207	$9,321

CAROLINA MARATHON ASSOCIATION INC