Carolina Serves Inc (EIN 874786183) - 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

2022

Legal Domicile

Principal Officer

Joel Turner

Tax Period

2022-01-01 to 2022-12-31

Carolina Serves Inc, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $350K in total revenue in fiscal year 2022. The organization ran a surplus of $96K, a strong 28% operating margin.

Mission

To provide a vibrant and welcoming home for all to experience the lifelong benefits of racquet sports by making connections, learning life skills, finding pathways and engaging in healthy activity and serving others.Carolina Serves is working on bringing a large public racquet sports complex to the community in a public/private partnership with government entities to broaden access to racquet sports.

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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 $350,211

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $350,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,744

Other Expenses $253,837

TOTAL EXPENSES $253,837

Year-over-Year Comparison

	2022	2021	Change
Revenue	$350,211	N/A	N/A
Expenses	$253,837	N/A	N/A
Net Income	$96,374	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
Joel Turner	President/Treas	Officer Director	$0	$0	$0
Marise Kumar	Secretary	Officer Director	$0	$0	$0
Shawn Cone	Director	Director	$0	$0	$0
Calvin Davis	Director	Director	$0	$0	$0
Keith Haywood	Director	Director	$0	$0	$0
Dinesh Chopra	Director	Director	$0	$0	$0
Shawn Meachem	Director	Director	$0	$0	$0
Michael Sherck	Director	Director	$0	$0	$0
Stuart Sherrill	Director	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
2022	$350,211	$253,837	$96,374	$96,374

Carolina Serves Inc