SOUTH CHARLOTTE RECREATION ASSOCIATION (EIN 581339259) - 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

1978

Legal Domicile

Principal Officer

JACOB ADKINS

Phone

7043514593

Tax Period

2024-01-01 to 2024-12-31

SOUTH CHARLOTTE RECREATION ASSOCIATION, founded in 1978, is a small nonprofit that reported $635K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $571K left a modest 10% surplus.

Mission

PROVISION OF RECERREASTIONAL SPORTING EXPERIENCES FOR CHARLOTTE, NC AREA YOUTH. WE PROVIDE RECREATIONAL BASKETBALL, BASEBALL, SOFTBALL AND POP WARNER FOOTBAL PROGRAMS

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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 $51,402

Program Service Revenue $571,198

Investment Income $668

Other Revenue $11,453

TOTAL REVENUE $634,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $526,682

Other Expenses $570,630

TOTAL EXPENSES $570,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$634,721	$493,268	+0.3%
Expenses	$570,630	$515,071	+0.1%
Net Income	$64,091	$-21,803	-3.9%

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

150

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
TODD ZULLO	PRESIDENT	8.00	Officer Director	$0	$0	$0
JACOB ADKINS	TREASURER	8.00	Officer Director	$0	$0	$0
JAMES HARVEY	FACILITIES MANAGER	8.00	Director	$0	$0	$0
LIB HARVEY	RISK MANAGER	2.00	Director	$0	$0	$0
ASHLEY RILEY	DIRECTOR	2.00	Director	$0	$0	$0
CORY SUKER	DIRECTOR	2.00	Director	$0	$0	$0
DEREK EXOO	DIRECTOR	2.00	Director	$0	$0	$0
DIEGO CHUMACEIRO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PRAVEEN GUPTA	SECRETARY	2.00	Officer 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
2024	$634,721	$570,630	$149,939	$64,091
2023	$493,268	$515,071	$65,768	$-21,803
2022	$422,682	$446,808	$56,567	$-24,126
2021	$383,873	$337,374	$91,922	$46,499
2020	$261,936	$258,477	$53,976	$3,459
2019	$434,782	$436,834	$54,538	$-2,052
2018	$411,828	$449,931	$28,529	$-38,103

SOUTH CHARLOTTE RECREATION ASSOCIATION