Shark Shootout Charities Inc (EIN 650736877) - 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

1997

Legal Domicile

Principal Officer

GREGORY NORMAN

Phone

5616407000

Tax Period

2023-01-01 to 2023-12-31

Shark Shootout Charities Inc, founded in 1997, is a micro nonprofit that reported $34 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $230K exceeded revenue, resulting in a 677050% operating deficit.

Mission

TO DISTRIBUTE REVENUE RECEIVED FROM THE PRODUCTION OF GOLF EVENTS TO CHARITABLE ORGANIZATIONS.

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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 $0

Investment Income $34

Other Revenue $0

TOTAL REVENUE $34

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,936

Other Expenses $217,731

TOTAL EXPENSES $230,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34	$3,626,316	-1.0%
Expenses	$230,231	$3,670,018	-0.9%
Net Income	$-230,197	$-43,702	+4.3%

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

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
STUART GROSSMAN	DIRECTOR	1.0	Director	$0	$0	$0
JOE D JAMOS	DIRECTOR	1.0	Director	$0	$0	$0
BRET BAIER	DIRECTOR	1.0	Director	$0	$0	$0
GREGORY J NORMAN	PRESIDENT	1.0	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
2024	No data	No data	No data	No data
2023	$34	$230,231	$52,217	$-230,197
2022	$3,626,316	$3,670,018	$2,164,741	$-43,702
2021	$3,347,540	$3,019,791	$4,019,172	$327,749
2020	$2,850,504	$2,553,615	$2,107,324	$296,889
2019	$2,291,673	$2,205,433	$2,332,988	$86,240
2018	$1,973,651	$2,094,200	$2,284,016	$-120,549

Shark Shootout Charities Inc