Mobile Sports Authority Inc

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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

2009

Legal Domicile

Principal Officer

Ernest D Corte III

Phone

2517251794

Tax Period

2024-10-01 to 2025-09-30

Mobile Sports Authority Inc, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $904K in total revenue in fiscal year 2024.

Mission

Mobile Sports Authority, Inc. brings sporting events and activities to the City of Mobile and Mobile County. These events enhance economic impact, tax revenue, and maximize utilization of facilities.

Program Service Accomplishments

Program 1

Expenses: $852,981

The Mobile Sports Authority, Inc. sponsors numerous events that have an economic impact on the local community.

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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 $879,500

Program Service Revenue $0

Investment Income $24,430

Other Revenue $0

TOTAL REVENUE $903,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,070

Fundraising Expenses $0

Program Expenses $852,981

Other Expenses $636,393

TOTAL EXPENSES $895,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$903,930	$897,458	+0.0%
Expenses	$895,463	$849,833	+0.1%
Net Income	$8,467	$47,625	-0.8%

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

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

$148,061

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ernest D Corte III	Executive Director	40.00	Officer	$115,000	$33,061	$148,061
John Williams	Chairman	5.00	Officer Director	$0	$0	$0
Jeff Kahn	Vice Chairman	5.00	Officer Director	$0	$0	$0
Nik Patel	SecretaryTreasurer	5.00	Officer Director	$0	$0	$0
Terry Ankerson	Trustee	5.00	Director	$0	$0	$0
Donnie Brown	Trustee	5.00	Director	$0	$0	$0
Al Johnson	Trustee	5.00	Director	$0	$0	$0
Darren Martin	Trustee	5.00	Director	$0	$0	$0
Jack Tillman	Trustee	5.00	Director	$0	$0	$0
Will Ray	Trustee	5.00	Director	$0	$0	$0
Sherry McDade	Trustee	5.00	Director	$0	$0	$0
Daryl Gomien	Trustee	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
2025	$903,930	$895,463	$545,483	$8,467
2024	$897,458	$849,833	$535,867	$47,625
2023	$1,346,862	$1,388,305	$488,333	$-41,443
2022	$696,034	$716,516	$530,471	$-20,482
2021	$671,918	$797,160	$550,615	$-125,242
2020	$611,067	$499,662	$674,972	$111,405