CRW EVENTS

EIN: 921829058 501(c)(3) Recreation & Sports

NORTH CHARLESTON, SC

Total Revenue
$356,310
Total Expenses
$417,798
Total Assets
$79,000
Net Assets
$26,500
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
SC
Principal Officer
RANDALL DRAFTZ
Phone
8435576082
Tax Period
2024-10-01 to 2025-09-30

CRW EVENTS, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $356K in total revenue in fiscal year 2024. Expenses of $418K exceeded revenue, resulting in a 17% operating deficit.

Mission

CRW EVENTS, A CHARITABLE NONPROFIT ORGANIZATION, OPERATES WITH THE GOAL OF PROMOTING AMATEUR ATHLETIC SAILING FOR THE PUBLIC BENEFIT. OUR MISSION IS TO BUILD STRONG CONNECTIONS WITH THE UP-AND-COMING COLLEGE COMMUNITY OF YOUNG SAILORS AND BEGINNERS OF ALL AGES. OVER THE YEARS, WE HAVE NURTURED RELATIONSHIPS WITH SAILORS WHO SHARE OUR PASSION FOR BOATING, PARTICULARLY SAILING. OUR ANNUAL EVENT, A THRILLING 4-DAY SAILING RACE, AIMS TO BRING TOGETHER SAILORS FROM AROUND THE WORLD. HOWEVER, WE RECOGNIZE THAT ACHIEVING THIS WOULDN'T BE POSSIBLE WITHOUT THE INVALUABLE CONTRIBUTIONS OF OUR DEDICATED VOLUNTEERS, GENEROUS SPONSORS, AND THE GRANTS WE RECEIVE. OUR INTEGRITY, CREATIVITY, AND CORE VALUES ARE DEEPLY ROOTED IN THE SAILING COMMUNITY. OUR LONG-TERM VISION INCLUDES BOLSTERING THE INFRASTRUCTURE OF A COMMUNITY SAILING CENTER-A HUB FOR FOSTERING PARTICIPATION AND EDUCATION IN SAILING.

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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 $214,656
Program Service Revenue $141,654
Investment Income $0
Other Revenue $0
TOTAL REVENUE $356,310

Expense Breakdown

Grants Paid $0
Salaries & Benefits $85,000
Fundraising Expenses $0
Program Expenses $318,220
Other Expenses $332,798
TOTAL EXPENSES $417,798

Year-over-Year Comparison

2024 2023 Change
Revenue $356,310 $344,933 +0.0%
Expenses $417,798 $355,082 +0.2%
Net Income $-61,488 $-10,149 +5.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
250

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
6
$85,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM WEBSTER PRESIDENT 2.00
Officer
$0 $0 $0
WILLY SCHWIENFER SECRETARY 2.00
Officer
$0 $0 $0
KATARINA FJORDING TREASURER 2.00
Officer
$0 $0 $0
GREG FISHER BOARD MEMBER 2.00
Officer
$0 $0 $0
EDDIE EVANS BOARD MEMBER 2.00
Officer
$0 $0 $0
RANDALL DRAFTZ EVENT DIRECTOR 25.00
Officer
$85,000 $0 $85,000
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 $356,310 $417,798 $79,000 $-61,488
2024 $344,933 $355,082 $155,488 $-10,149
2023 $364,931 $266,794 $165,637 $98,137
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