GRIT A ATHLETICS 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

2008

Legal Domicile

Principal Officer

BERNADETTE GREENWOOD

Phone

7188842887

Tax Period

2024-01-01 to 2024-12-31

GRIT A ATHLETICS INC, founded in 2008, is a micro nonprofit in the Recreation & Sports sector that reported $82K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $80K left a modest 3% surplus.

Mission

GRIT'S PURPOSE IS TO INSPIRE AND PROVIDE PEOPLE OF ALL AGES WITH A RICH LIFE, THROUGH ATHLETIC OPPORTUNITIES, AND A VARIETY OF SPORTS COMPETITIONS, WHILE DEVELOPING SKILLS FOR CHALLENGES ALONG THE WAY.

Program Service Accomplishments

Program 1

Expenses: $65,520 Revenue: $70,178

DURING THE YEAR GRIT HAD YOUTH CAMPS, GRIT GREENGRASS CELEBRATION, AND WRESTLING AND RUNNING CLUBS.

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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 $12,055

Program Service Revenue $70,178

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $449

Program Expenses $65,520

Other Expenses $79,587

TOTAL EXPENSES $79,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,233	$96,019	-0.1%
Expenses	$79,587	$135,417	-0.4%
Net Income	$2,646	$-39,398	-1.1%

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
THAD DUNN	PRESIDENT	N/A	Officer	$0	$0	$0
JAKE SAGE	VICE PRESIDE	N/A	Officer	$0	$0	$0
PRESTON RANDALL	SECRETARY	N/A	Officer	$0	$0	$0
BERNADETTE GREENWOOD	VICE PRESIDE	N/A	Officer	$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	$82,233	$79,587	$1,243	$2,646
2023	$96,019	$135,417	$1,762	$-39,398
2022	$79,428	$222,821	$44,715	$-143,393
2021	$13,120	$113,881	$188,108	$-100,761
2020	$34,149	$95,629	$31,669	$-61,480
2019	$166,888	$169,508	$11,682	$-2,620
2018	$170,705	$175,736	$14,602	$-5,031