WAKE COUNTY BASKETBALL ASSOCIATION (EIN 201136048) - 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

2004

Legal Domicile

Principal Officer

RALPH PETERSON

Phone

9198489920

Tax Period

2025-01-01 to 2025-12-31

WAKE COUNTY BASKETBALL ASSOCIATION, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $479K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year.

Mission

PROVIDE GYM SPACE RENTED FROM SCHOOLS AND VOLUNTEER COACHES FOR APPROXIMATELY 500 YOUTH AGES 8 TO 18 TO PARTICIPATE IN ORGANIZED BASKETBALL. THIS LEAGUE DOES NOT DISCRIMINATE AND ENCOURAGES TEAMWORK AND SPORTSMANSHIP

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $477,643

Investment Income $0

Other Revenue $0

TOTAL REVENUE $478,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $460,947

Other Expenses $493,136

TOTAL EXPENSES $493,136

Year-over-Year Comparison

	2025	2024	Change
Revenue	$478,643	$526,668	-0.1%
Expenses	$493,136	$497,721	0.0%
Net Income	$-14,493	$28,947	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE STERRETT	PRESIDENT	030.00	Officer Director	$0	$0	$0
RALPH PETERSON	TREASURER	030.00	Officer Director	$0	$0	$0
LAWRENCE ROSEN	SECRETARY	005.00	Officer Director	$0	$0	$0
CRAIG WILSON	DIRECTOR	012.00	Director	$0	$0	$0
KEVIN WOLBORSKY	DIRECTOR	003.00	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
2025	$478,643	$493,136	$102,101	$-14,493
2024	$526,668	$497,721	$116,594	$28,947
2023	$388,410	$380,357	$87,647	$8,053
2022	$344,167	$421,959	$79,594	$-77,792
2021	$222,004	$204,553	$157,386	$17,451
2020	$80,933	$136,032	$139,935	$-55,099
2019	$412,029	$415,261	$195,030	$-3,232
2018	$304,302	$273,902	$198,262	$30,400

WAKE COUNTY BASKETBALL ASSOCIATION