SALEM GYMNASTICS BOOSTER CLUB INC

EIN: 842406668 501(c)(3) Education

WINSTON SALEM, NC

Total Revenue
$371,669
Total Expenses
$316,695
Total Assets
$72,873
Net Assets
$72,873
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Phone
3367654668
Tax Period
2022-07-01 to 2023-06-30

SALEM GYMNASTICS BOOSTER CLUB INC, founded in 2019, is a small nonprofit in the Education sector that reported $372K in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $317K left a modest 15% surplus.

Mission

The purpose of the organization is to support the boys and girls who are athletes participating on the competitive gymnastics teams at Salem Gymnastics & Swim. The organization will support the athletes through fundraising and volunteerism in order to foster local, regional, and national gymnastics competitions. Funds raised will be used to help defray the costs of participation in the girls and boys competitive gymnastics programs.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $226,534
Program Service Revenue $145,114
Investment Income $21
Other Revenue $0
TOTAL REVENUE $371,669

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $162,727
Program Expenses $152,910
Other Expenses $316,695
TOTAL EXPENSES $316,695

Year-over-Year Comparison

2022 2021 Change
Revenue $371,669 $298,144 +0.2%
Expenses $316,695 $293,348 +0.1%
Net Income $54,974 $4,796 +10.5%
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

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Governance

Voting Members
12
Independent Members
N/A
Employees
N/A
Volunteers
50

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
12
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philippa Cooper President 5.00
Officer
$0 $0 $0
Kevin Owles Vice President 1
Officer
$0 $0 $0
Lesha Sabio Treasurer 10
Officer
$0 $0 $0
April Carter Co-Treasurer 1
Officer
$0 $0 $0
Eric Carter Co-Treasurer 1
Officer
$0 $0 $0
Lori Boger Boys Team Representative 1
Officer
$0 $0 $0
Leslie Baum Girls Team Representative 1
Officer
$0 $0 $0
Claire Rhodes Secretary 1
Officer
$0 $0 $0
Marc Smith Girls Team Representative 1
Officer
$0 $0 $0
Jennifer Santiago Marketing Chair 2
Officer
$0 $0 $0
Vicky Verity Boys Team Representative 1
Officer
$0 $0 $0
Angie Huie Boys Team Representative 1
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $371,669 $316,695 $72,873 $54,974
2022 $298,144 $293,348 $17,899 $4,796
2021 $124,263 $140,342 $13,383 $-16,079
2020 $212,581 $183,119 $29,462 $29,462
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