CHESAPEAKE SPORTS CLUB

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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

2011

Legal Domicile

Principal Officer

RON ASKEW

Phone

7575433848

Tax Period

2025-01-01 to 2025-12-31

CHESAPEAKE SPORTS CLUB, founded in 2011, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2025. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $29K, a strong 35% operating margin.

Mission

PROMOTING SPORTS IN CHESAPEAKE; PROVIDING SCHOLARSHIPS TO CHESAPEAKE HIGH SCHOOL SENIORS; AND HONORING CHESAPEAKE ATHLETES.

Program Service Accomplishments

Program 1

Expenses: $53,731

THE CLUB HOLDS AN ANNUAL JAMBOREE WHICH INCLUDES A DINNER, SPORTS PROGRAM, GUEST SPEAKER TO HONOR CHESAPEAKE ATHLETES AND HIGH SCHOOL SENIORS. BOARD MEMBERS, ADVISORY BOARD MEMBERS, SCHOLARSHIP...

THE CLUB HOLDS AN ANNUAL JAMBOREE WHICH INCLUDES A DINNER, SPORTS PROGRAM, GUEST SPEAKER TO HONOR CHESAPEAKE ATHLETES AND HIGH SCHOOL SENIORS. BOARD MEMBERS, ADVISORY BOARD MEMBERS, SCHOLARSHIP DONORS, AWARDEES AND THEIR FAMILY MEMBERS ARE INVITED TO THE EVENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $38,500

Program Service Revenue $12,384

Investment Income $30,683

Other Revenue $1,560

TOTAL REVENUE $83,127

Expense Breakdown

Grants Paid $28,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,731

Other Expenses $25,731

TOTAL EXPENSES $53,731

Year-over-Year Comparison

	2025	2024	Change
Revenue	$83,127	$301,454	-0.7%
Expenses	$53,731	$52,496	+0.0%
Net Income	$29,396	$248,958	-0.9%

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

192

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
WILL DRISCOLL	PRESIDENT	2.00	Officer Director	$0	$0	$0
JD MILES	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
TONY MIDGETT	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
RAY POTTER	2ND VICE PRE	1.00	Director	$0	$0	$0
DONN IRBY	SECRETARY	1.00	Officer Director	$0	$0	$0
RON ASKEW	TREASURER	4.00	Officer Director	$0	$0	$0
SUE DIXON	SGT. AT ARMS	2.00	Officer Director	$0	$0	$0
GLENN KOONCE	IMMED PAST P	1.00	Director	$0	$0	$0
NATHAN BECK	DIRECTOR	1.00	Director	$0	$0	$0
MICKEY CAREY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WENTZ	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN QUEEN	DIRECTOR	1.00	Director	$0	$0	$0
DONNA CANNATELLA	DIRECTOR	1.00	Director	$0	$0	$0
GLENN HAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS TAYON	DIRECTOR	1.00	Director	$0	$0	$0
MARC DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL FUQUA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CLIFTON	DIRECTOR	1.00	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
2025	$83,127	$53,731	$1,018,216	$29,396
2024	$301,454	$52,496	$989,329	$248,958
2023	$59,341	$65,339	$729,982	$-5,998
2022	$60,596	$53,800	$718,721	$6,796
2021	$206,180	$41,610	$749,077	$164,570
2020	$94,820	$43,280	$660,540	$51,540
2019	$108,914	$53,847	$529,383	$55,067