CHARLESTON OCEAN RACING ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

PETER KUYPER

Phone

8436978635

Tax Period

2025-01-01 to 2025-12-31

CHARLESTON OCEAN RACING ASSOCIATION, founded in 1991, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $96K left a modest 11% surplus.

Mission

THE PRIMARY OBJECTIVES OF THIS ASSOCIATION ARE TO PROMOTE SAILING, TO ENCOURAGE GOOD FELLOWSHIP AMONG SAILORS, AFLOAT AND ASHORE, TO ASSIST BOAT OWNER MEMEBERS TO OBTAIN COMPETENT AND CONGENIALS CREWS, AND TO ASSIST ITS NONBOAT OWNING MEMBERS TO OBTAIN DESIRABLE BERTHS.

Program Service Accomplishments

Program 1

Expenses: $64,718

THE PRIMARY OBJECTIVES OF CORA ARE TO PROMOTE SAILING, TO ENCOURAGE GOOD FELLOWSHIP AMONG SAILORS, AFLOAT AND ASHORE, TO ASSIST BOAT OWNER MEMEBERS TO OBTAIN COMPETENT AND CONGENIALS CREWS, AND TO...

THE PRIMARY OBJECTIVES OF CORA ARE TO PROMOTE SAILING, TO ENCOURAGE GOOD FELLOWSHIP AMONG SAILORS, AFLOAT AND ASHORE, TO ASSIST BOAT OWNER MEMEBERS TO OBTAIN COMPETENT AND CONGENIALS CREWS, AND TO ASSIST ITS NONBOAT OWNING MEMBERS TO OBTAIN DESIRABLE BERTHS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $45,324

Program Service Revenue $55,383

Investment Income $7,105

Other Revenue $0

TOTAL REVENUE $107,812

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,718

Other Expenses $95,509

TOTAL EXPENSES $95,509

Year-over-Year Comparison

	2025	2024	Change
Revenue	$107,812	$137,776	-0.2%
Expenses	$95,509	$114,193	-0.2%
Net Income	$12,303	$23,583	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JAMES O'CONNOR	COMMODORE	003.00	Officer	$0	$0	$0
CHRISTOPHER STINSON	PAST COMMODORE	003.00	Officer	$0	$0	$0
JOHN LUCAS	MEASURER	003.00	Officer	$0	$0	$0
LUKE SPINK	VICE COMMODORE	003.00	Officer	$0	$0	$0
PETER KUYPER JR	TREASURER	005.00	Officer	$0	$0	$0
ANDI HOFFMAN	SOLICITOR	002.00	Officer	$0	$0	$0
JIM ARCHER	REAR COMMODORE	003.00	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	$107,812	$95,509	$331,896	$12,303
2024	No data	No data	No data	No data
2023	$102,237	$166,184	$342,765	$-63,947
2023	$14,293	$56,435	$300,623	$-42,142
2022	$315,240	$316,611	$406,712	$-1,371
2021	$258,349	$241,719	$409,089	$16,630
2019	$506,724	$447,479	$475,900	$59,245
2018	$512,252	$441,113	$416,655	$71,139