CORAL SPRINGS CHARTER ATHLETICS IN (EIN 611427322) - 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

2002

Legal Domicile

Principal Officer

MICHAEL HIGGINS

Tax Period

2020-01-01 to 2020-12-31

CORAL SPRINGS CHARTER ATHLETICS IN, founded in 2002, is a small nonprofit in the Education sector that reported $124K in total revenue in fiscal year 2020. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $175K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE ORGANIZATION MISSION IS TO PROVIDE ATHLETIC SUPPORT FOR THE CORAL SPRINGS CHARTER SCHOOL ATHLETIC PROGRAM THERE ARE CURRENTLY 19 DIFFERENT SPORTS AND OVER 600 STUDENTS IN THE OVERALL PROGRAM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $123,700

Investment Income $0

Other Revenue $0

TOTAL REVENUE $123,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,845

Other Expenses $175,402

TOTAL EXPENSES $175,402

Year-over-Year Comparison

	2020	2019	Change
Revenue	$123,700	$88,549	+0.4%
Expenses	$175,402	$64,552	+1.7%
Net Income	$-51,702	$23,997	-3.2%

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

N/A

Independent Members

N/A

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
MICHAEL HIGGINS	DIRECTOR	25.00	Officer Director	$0	$0	$0
KATE HERN	DIRECTOR	5.00	Director	$0	$0	$0
ALES GROOTHIUS	DIRECTOR	3.00	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
2020	$123,700	$175,402	$51,578	$-51,702
2019	$88,549	$64,552	$98,910	$23,997
2018	$89,537	$75,928	$81,785	$13,609

CORAL SPRINGS CHARTER ATHLETICS IN