GRETNA BASKETBALL ASSOCIATION C/O … - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

PAT CALVERT

Phone

4023325225

Tax Period

2023-01-01 to 2023-12-31

GRETNA BASKETBALL ASSOCIATION C/O PAT CALVERT, founded in 2008, is a small nonprofit in the Youth Development sector that reported $180K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $212K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION OF THE GRETNA BASKETBALL ASSOCIATION IS TO PROMOTE YOUTH BASKETBALL PROGRAMS IN GRETNA, NEBRASKA, HOLDING OR ARRANGING AMATEUR BASKETBALL TEAMS, LEAGUES AND TOURNAMENTS AND TO OFFER OR CONTRIBUTE TOWARDS THE PROVISION OF PRIZES AND AWARDS.

Program Service Accomplishments

Program 1

Expenses: $181,001 Revenue: $144,511

GRETNA BASKETBALL ASSOCIATION ORGANIZES AND SUPERVISES A FALL LEAGUE AND A WINTER LEAGUE FOR APPROXIMATELY 950 GRETNA YOUTH IN GRADES 1 THROUGH 8. THE LEAGUES INCLUDE INSTRUCTION, GAMES AND...

GRETNA BASKETBALL ASSOCIATION ORGANIZES AND SUPERVISES A FALL LEAGUE AND A WINTER LEAGUE FOR APPROXIMATELY 950 GRETNA YOUTH IN GRADES 1 THROUGH 8. THE LEAGUES INCLUDE INSTRUCTION, GAMES AND TOURNAMENTS.

Program 2

Expenses: $12,324 Revenue: $34,058

GRETNA BASKETBALL HOLDS AN ANNUAL TOURNAMENT FEATURING AREA YOUTH BASKETBALL TEAMS, GIVING THE GRETNA TEAMS AN OPPORTUNITY TO COMPETE WITH OTHER YOUTH.

Program 3

Expenses: $3,750 Revenue: $0

GRETNA BASKETBALL ASSOCIATION PROVIDES SCHOLARSHIPS ANNUALLY TO SENIORS GRADUATING FROM GRETNA HIGH SCHOOL, WHO HAVE BEEN ACTIVE IN THE BASKETBALL PROGRAM. IN 2023, $3,750 IN SCHOLARSHIPS WERE GIVEN.

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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 $360

Program Service Revenue $176,477

Investment Income $1,066

Other Revenue $2,092

TOTAL REVENUE $179,995

Expense Breakdown

Grants Paid $7,750

Salaries & Benefits $9,111

Fundraising Expenses $0

Program Expenses $197,075

Other Expenses $194,767

TOTAL EXPENSES $211,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,995	$212,609	-0.2%
Expenses	$211,628	$189,343	+0.1%
Net Income	$-31,633	$23,266	-2.4%

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

N/A

Volunteers

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
RYAN JOHNSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAT CALVERT	TREASURER	5.00	Officer Director	$0	$0	$0
CHRIS RHOADES	SECRETARY	5.00	Officer Director	$0	$0	$0
SCOTT BAER	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$179,995	$211,628	$200,815	$-31,633
2022	$212,609	$189,343	$231,552	$23,266
2021	$190,171	$179,490	$208,286	$10,681
2020	$132,924	$176,599	$197,605	$-43,675
2019	$208,682	$202,206	$241,280	$6,476

GRETNA BASKETBALL ASSOCIATION C/O PAT CALVERT