Core Wrestling Inc
Nonprofit profile at a glance
- EIN
- 813930366
- IRS 990-EZ coverage
- 2018–2021
- Forms available
- Form 990-EZ 2021, Form 990-N 2017
- Location
- Charlotte, NC, USA
- Phone
- 7042904837
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $177,800
- Expenses
- $121,691
- Assets
- $105,532
- Liabilities
- $10,421
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Stanley Banks (CEO)
People named in this filing
- Stanley Banks (CEO)
- Lee McNeer (Chair)
- Roland Wilfong (Vice Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
What it reported doing in 2021
Wrestling Training - The organization provided training programs for youth athletes, teaching them fundamental skills, techniques, and strategies in the sport of wrestling. Monthly members ranged from 70 - 100 during the year.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 90% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 100
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.9%; rating input score 43
- Program expense ratio: 62.7%; rating input score 63
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 31.6%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 6.6%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 72.5% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 94.6% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 42.9% of revenue deployed · 62.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $76K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2018 to 2021
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.