CAROLINAS FOOTBALL CLUB (EIN 834522850) - 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

2018

Legal Domicile

Principal Officer

THOMAS FINLAY

Phone

7048949995

Tax Period

2024-06-01 to 2025-05-31

CAROLINAS FOOTBALL CLUB, founded in 2018, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.1M left a modest 5% surplus.

Mission

MISSION IS TO DEVELOP, PROMOTE AND ADMINISTER THE GAME OF SOCCER BY USING THE KEY VALUES OF CHARACTER, COMMITMENT, COMMUNITY, COMPETITION AND COMMUNICATION AS THE GUIDING PRINCIPALS TO ACHIEVE SUCCESS AND PROVIDE AN EXCEPTIONAL EXPERIENCE WHILE ALSO DEVELOPING AND PROMOTING LIFE LESSONS AND VALUES.

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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 $25,000

Program Service Revenue $10,324,911

Investment Income $8,456

Other Revenue $300,946

TOTAL REVENUE $10,659,313

Expense Breakdown

Grants Paid $211,569

Salaries & Benefits $5,630,635

Fundraising Expenses $0

Program Expenses $9,971,877

Other Expenses $4,286,087

TOTAL EXPENSES $10,128,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,659,313	$9,527,517	+0.1%
Expenses	$10,128,291	$9,960,652	+0.0%
Net Income	$531,022	$-433,135	-2.2%

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

Independent Members

Employees

235

Volunteers

920

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

$309,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS FINLAY	CEO	40.00	Officer	$309,490	$0	$309,490
JULIE CARR	CHAIR	4.00	Officer Director	$0	$0	$0
WILLIAM BRAY	VICE CHAIR	4.00	Officer Director	$0	$0	$0
CAITLIN MOEN	SECRETARY	4.00	Officer Director	$0	$0	$0
REX BELL	TREASURER	4.00	Officer Director	$0	$0	$0
PATRICK CONDON	BOARD MEMBER	4.00	Director	$0	$0	$0
JOSHUA DOBI	BOARD MEMBER	4.00	Director	$0	$0	$0
PAT COOK	BOARD MEMBER	4.00	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	$10,659,313	$10,128,291	$2,202,943	$531,022
2024	$9,527,517	$9,960,652	$1,612,445	$-433,135
2023	$10,707,184	$10,635,905	$2,327,098	$71,279
2022	$8,219,866	$8,170,763	$1,019,941	$49,103
2021	$7,874,250	$7,831,538	$1,803,647	$42,712
2020	$3,836,031	$5,405,370	$1,347,384	$-1,569,339

CAROLINAS FOOTBALL CLUB