NORTH CAROLINA AMATEUR SPORTS INC

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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

1983

Legal Domicile

Principal Officer

CHARLES F HOBGOOD II

Phone

9193611133

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA AMATEUR SPORTS INC, founded in 1983, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

TO PROMOTE HEALTH AND WELLNESS FOR ALL AGES AND SKILL LEVELS THROUGH ORGANIZING BEST-IN-CLASS SPORTING EVENTS THAT ENRICH THE QUALITY OF LIFE AND ENHANCE THE ECONOMIC WELL-BEING OF NORTH CAROLINA COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $515,854 Revenue: $333,083

THE BODYARMOR STATE GAMES OF NORTH CAROLINA IS A STATEWIDE, OLYMPIC-STYLE SPORTS FESTIVAL FOR CITIZENS OF ALL AGES AND SKILL LEVELS. STATE GAMES EMPHASIZE PERSONAL DEVELOPMENT THROUGH PHYSICAL...

THE BODYARMOR STATE GAMES OF NORTH CAROLINA IS A STATEWIDE, OLYMPIC-STYLE SPORTS FESTIVAL FOR CITIZENS OF ALL AGES AND SKILL LEVELS. STATE GAMES EMPHASIZE PERSONAL DEVELOPMENT THROUGH PHYSICAL FITNESS, HEALTH, DRUG-FREE COMPETITION, ACADEMIC EXCELLENCE AND GOOD SPORTSMANSHIP. THE BODYARMOR STATE GAMES OF NORTH CAROLINA IS ONE OF THE OLDEST, LARGEST AND MOST SUCCESSFUL STATE GAMES PROGRAMS IN THE US. HELD ANNUALLY, IT IS THE LARGEST MULTI-SPORT AMATEUR EVENT IN NORTH CAROLINA. MORE THAN 13,300 INDIVIDUALS ANNUALLY PARTICIPATE.

Program 2

Expenses: $537,424 Revenue: $797,460

CYCLE NORTH CAROLINA (CNC) CONSISTS OF THREE BICYCLE TOURS IN NORTH CAROLINA. THEY ARE NOT RACES, BUT RATHER, RECREATIONAL TREKS ACROSS SCENIC BACK ROADS. CNC IS DESIGNED TO PROMOTE PHYSICAL FITNESS, GOOD HEALTH AND THE SCENIC BEAUTY OF NORTH CAROLINA. HELD THREE TIMES ANNUALLY, MORE THAN 2,500 INDIVIDUALS PARTICIPATE.

Program 3

Expenses: $287,223 Revenue: $2,293

VARIOUS SMALL PROGRAMS AND ACTIVITIES UNDERTAKEN TO PROMOTE PHYSICAL FITNESS AND HEALTH TO NORTH CAROLINIANS THROUGH AMATEUR SPORTS, ATTRACT NATIONAL AND INTERNATIONAL EVENTS AND CONFERENCES TO NORTH CAROLINA, ASSIST OTHER AMATEUR SPORTING EVENTS IN NORTH CAROLINA, AND INCREASE PUBLIC AWARENESS OF THE OLYMPIC MOVEMENT AND AMATEUR SPORTS IN NORTH CAROLINA.

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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 $298,139

Program Service Revenue $1,100,566

Investment Income $2,071

Other Revenue $32,270

TOTAL REVENUE $1,433,046

Expense Breakdown

Grants Paid $27,829

Salaries & Benefits $497,621

Fundraising Expenses $6,712

Program Expenses $1,340,501

Other Expenses $956,060

TOTAL EXPENSES $1,481,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,433,046	$1,466,925	0.0%
Expenses	$1,481,510	$1,405,964	+0.1%
Net Income	$-48,464	$60,961	-1.8%

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

Governance

Voting Members

Independent Members

Employees

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

$219,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BOSTICK	CHAIR	2.00	Officer Director	$0	$0	$0
MELISSA CULBRETH	VICE CHAIR/TREASURER	2.00	Officer Director	$0	$0	$0
CHRYSTAL ROWE	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD CAIRA JR	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HABEL	DIRECTOR	1.00	Director	$0	$0	$0
KARL HUDSON III	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY LESLIE	DIRECTOR	1.00	Director	$0	$0	$0
BARRY MITSCH	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RAYNOR	DIRECTOR	1.00	Director	$0	$0	$0
AARON OSBORNE	DIRECTOR	1.00	Director	$0	$0	$0
SMEDES YORK	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES F HOBGOOD II	PRESIDENT	40.00	Officer	$202,172	$17,102	$219,274
RALPH H HOFLER	VICE PRESIDENT	40.00	Highest	$116,339	$13,980	$130,319

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	No data	No data	No data	No data
2023	$1,433,046	$1,481,510	$962,203	$-48,464
2022	$1,466,925	$1,405,964	$1,038,292	$60,961
2021	$1,521,463	$1,096,199	$909,899	$425,264
2020	$279,854	$724,318	$899,334	$-444,464
2019	$1,370,949	$1,322,629	$990,254	$48,320
2018	$1,359,184	$1,310,237	$957,965	$48,947