GREENSBORO SPORTS FOUNDATION

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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

2017

Legal Domicile

Principal Officer

RICHARD BEARD

Phone

3362994321

Tax Period

2022-07-01 to 2023-06-30

GREENSBORO SPORTS FOUNDATION, founded in 2017, is a community nonprofit in the Recreation & Sports sector that reported $2.6M in total revenue in fiscal year 2022. Revenue surged 294% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 12% surplus.

Mission

FURTHER ENHANCE TOURNAMENT TOWN REPUTATION AND BUILD AN ORGANIZATION WITH THE ABILITY TO DEVELOP STRATEGIC PARTNERS TO BETTER POSITION GREENSBORO FOR THE EXECUTION OF MAJOR SPORTS EVENTS.

Program Service Accomplishments

Program 1

Expenses: $2,247,704 Revenue: $2,088,507

THE ORGANIZATION FOSTERS NATIONAL AMATEUR AND OTHER SPORTS COMPETITION IN THE GREENSB0R0-GUILFORD COUNTY AND PIEDMONT TRIAD, NORTH CAROLINA AREA AND FOR OTHER CHARITABLE PURPOSES, INCLUDING ATLANTIC COAST CONFERENCE GAMES AND EVENTS, REGULAR SEASON AND POST-SEASON COLLEGE GAMES AND EVENTS SANCTIONED BY THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION, AND SUCH OTHER COLLEGIATE AND OTHER SPORTING EVENTS AND AMATEUR AND OTHER SPORTS COMPETITIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $507,051

Program Service Revenue $2,088,507

Investment Income $8,960

Other Revenue $0

TOTAL REVENUE $2,604,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,365

Fundraising Expenses $10,027

Program Expenses $2,247,704

Other Expenses $1,979,265

TOTAL EXPENSES $2,280,630

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,604,518	$660,944	+2.9%
Expenses	$2,280,630	$605,325	+2.8%
Net Income	$323,888	$55,619	+4.8%

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

1000

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

$240,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BEARD	PRESIDENT/CE	40.00	Officer	$150,000	$0	$150,000
DEMP BRADFORD	VICE PRESIDE	40.00	Officer	$90,000	$0	$90,000
MARIKAY ABUZUAITER	DIRECTOR	N/A	Director	$0	$0	$0
CHIDI AKWARI	DIRECTOR	N/A	Director	$0	$0	$0
STEVE BOWDEN	DIRECTOR	N/A	Director	$0	$0	$0
MARK BRAZIL	DIRECTOR	N/A	Director	$0	$0	$0
MATT BROWN	DIRECTOR	N/A	Director	$0	$0	$0
MARC BUSH	VICE CHAIR	N/A	Officer Director	$0	$0	$0
BRENT CHRISTENSEN	DIRECTOR	N/A	Director	$0	$0	$0
JEFF ELLIOTT	DIRECTOR	N/A	Director	$0	$0	$0
HENRI FOURRIER	DIRECTOR	N/A	Director	$0	$0	$0
GARY GARTNER	DIRECTOR	N/A	Director	$0	$0	$0
FRANK GILLIAM	DIRECTOR	N/A	Director	$0	$0	$0
KELLY HARRILL	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE HOYLE	VICE CHAIR	N/A	Officer Director	$0	$0	$0
MARC ISAACSON	DIRECTOR	N/A	Director	$0	$0	$0
FRANKIE JONES JR	DIRECTOR	N/A	Director	$0	$0	$0
HAROLD MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
JIM MELVIN	CHAIR	N/A	Officer Director	$0	$0	$0
DONALD MOORE	DIRECTOR	N/A	Director	$0	$0	$0
JIM PHILLIPS	DIRECTOR	N/A	Director	$0	$0	$0
MARK PRINCE	PAST CHAIR	N/A	Officer Director	$0	$0	$0
MAC SIMS	SECRETARY	N/A	Officer Director	$0	$0	$0
ADRIAN SMITH	DIRECTOR	N/A	Director	$0	$0	$0
JAMES SMITH	TREASURER	N/A	Officer Director	$0	$0	$0
STEVE SWETOHA	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD VANORE	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,604,518	$2,280,630	$1,362,487	$323,888
2022	$660,944	$605,325	$1,088,434	$55,619
2021	$278,969	$453,310	$1,077,031	$-174,341
2020	$3,003,923	$2,298,813	$1,335,183	$705,110
2019	$586,826	$564,566	$618,331	$22,260