THE PIRATE CLASSIC INC

EIN: 850952183 501(c)(3) Youth Development

GREENVILLE, NC

Total Revenue
$33,548
Total Expenses
$43,674
Total Assets
$42,005
Net Assets
$42,005
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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
NC
Principal Officer
MILES MINGES
Phone
2529024202
Tax Period
2024-01-01 to 2024-12-31

THE PIRATE CLASSIC INC is a micro nonprofit in the Youth Development sector that reported $34K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROMOTE WILDLIFE CONSERVATION AND MANAGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,548
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $33,548

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,674
Other Expenses $43,674
TOTAL EXPENSES $43,674

Year-over-Year Comparison

2024 2023 Change
Revenue $33,548 $53,631 -0.4%
Expenses $43,674 $32,996 +0.3%
Net Income $-10,126 $20,635 -1.5%
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
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILES MINGES PRESIDENT N/A
Officer
$0 $0 $0
JOHN TATE TREASURER N/A
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
2024 $33,548 $43,674 $42,005 $-10,126
2023 $53,631 $32,996 $52,131 $20,635
2022 $31,000 $15,126 $31,496 $15,874
2021 $18,987 $3,365 $15,622 $15,622
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