MIGHTY MITES INCORPORATED (EIN 237037326) - 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

1966

Legal Domicile

Principal Officer

DAVID TAYLOR PRESIDENT

Phone

4178946195

Tax Period

2023-05-01 to 2024-04-30

MIGHTY MITES INCORPORATED, founded in 1966, is a micro nonprofit in the Recreation & Sports sector that reported $52K in total revenue in fiscal year 2023. Expenses of $107K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO PROVIDE INTERESTED GIRLS AND BOYS WITH THE PROPER TRAINING IN THE BASIC FUNDAMENTALS OF FOOTBALL AND THE OPPORTUNITY TO PLAY WITH PARTICIPANTS OF THEIR OWN AGE AND SIZE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,470

Program Service Revenue $33,421

Investment Income $2,560

Other Revenue $0

TOTAL REVENUE $52,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,629

Other Expenses $106,629

TOTAL EXPENSES $106,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,451	$50,383	+0.0%
Expenses	$106,629	$71,888	+0.5%
Net Income	$-54,178	$-21,505	+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
DAVID TAYLOR	PRESIDENT	5	Director	$0	$0	$0
WILLIAM LOVE	BOARD MEMBER	1	Director	$0	$0	$0
VANCE JENKINS	BOARD MEMBER	1	Director	$0	$0	$0
RICK JESTER	BOARD MEMBER	1	Director	$0	$0	$0
LENNIE PETERIE	VICE PRESIDENT	1	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	$52,451	$106,629	$343,725	$-54,178
2023	$50,383	$71,888	$397,903	$-21,505
2022	$22,268	$71,616	$419,408	$-49,348
2021	$5,923	$10,323	$468,756	$-4,400

MIGHTY MITES INCORPORATED