North Carolina Tar Heels Ice Hockey (EIN 814999155) - 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

Legal Domicile

Phone

9194511707

Tax Period

2024-06-01 to 2025-05-31

North Carolina Tar Heels Ice Hockey is a small nonprofit in the Education sector that reported $385K in total revenue in fiscal year 2024. Revenue surged 218% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 36% operating margin.

Mission

The Club is a nonprofit corporation organized exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code and Section 55A-1-40(4) of the North Carolina General Statutes. It is not established for the private gain of any individual and is specifically dedicated to fostering national and international amateur sports competition.The Clubs purpose includes, but is not limited to, securing funding to support and sustain an ice hockey team representing the University of North Carolina, competing at the intercollegiate level.Significant Activities include fundraising through donor outreach, selling game tickets, executing fundraising events and soliciting donations. Additionally, we are in the process of doing research to help secure a new home arena for the team

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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 $321,779

Program Service Revenue $63,073

Investment Income $264

Other Revenue $0

TOTAL REVENUE $385,116

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,572

Other Expenses $175,270

TOTAL EXPENSES $245,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,116	$121,273	+2.2%
Expenses	$245,270	$132,192	+0.9%
Net Income	$139,846	$-10,919	-13.8%

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

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
Stephen Miller	Vice President	5.00	Officer Director	$0	$0	$0
Rich Gurlitz	Vice President	10.00	Officer Director	$0	$0	$0
Colin Wahl	Pres & Treas	15.00	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
2025	$385,116	$245,270	$154,504	$139,846

North Carolina Tar Heels Ice Hockey