LIGHTNING BASKETBALL INC (EIN 113633046) - 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

1993

Legal Domicile

Principal Officer

JAMES M FOX

Phone

5162924956

Tax Period

2024-01-01 to 2024-12-31

LIGHTNING BASKETBALL INC, founded in 1993, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

LONG ISLAND LIGHTNING IS AN ORGANIZATION THAT IS DEVOTED TO CHILDREN, AGES 9-17, AND THEIR DEVELOPMENT OF BASKETBALL SKILLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $237,453

Program Service Revenue $1,601,186

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,838,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,852

Fundraising Expenses $0

Program Expenses $1,697,529

Other Expenses $1,827,885

TOTAL EXPENSES $2,104,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,838,639	$1,912,345	0.0%
Expenses	$2,104,737	$2,096,454	+0.0%
Net Income	$-266,098	$-184,109	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M FOX	EXECUTIVE DIRECTOR & CFO	20.00	Director	$0	$0	$0
JAMES P FOX	ASSOCIATE DIRECTORS	20.00	Director	$0	$0	$0
KAREN CAMMER	ASSOCIATE DIRECTORS	10.00	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
2024	$1,838,639	$2,104,737	No data	$-266,098
2023	$1,912,345	$1,688,050	No data	$224,295
2022	$1,632,155	$1,829,698	No data	$-197,543
2021	$1,304,966	$1,279,032	$12,742	$25,934
2020	$279,175	$278,625	$7,809	$550
2019	$1,449,251	$1,499,629	No data	$-50,378
2018	$1,447,975	$1,503,561	No data	$-55,586

LIGHTNING BASKETBALL INC