COLORADO TITANS BASKETBALL CLUB

EIN: 264364084 501(c)(3) Recreation & Sports

ERIE, CO

Total Revenue
$884,109
Total Expenses
$948,125
Total Assets
$22,300
Net Assets
$22,300
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
RICK JIMENEZ
Phone
7202310528
Tax Period
2023-01-01 to 2023-12-31

COLORADO TITANS BASKETBALL CLUB is a small nonprofit in the Recreation & Sports sector that reported $884K in total revenue in fiscal year 2023.

Mission

TO PROVIDE YOUNG PEOPLE THE OPPORTUNITY TO LEARN THE GAME OF BASKETBALL AND HAVE AN OPPORTUNITY TO PARTICIPATE ON COMPETITIVE BASKETBALL TEAMS.

Program Service Accomplishments

Program 1
Expenses: $945,125 Revenue: $884,109

COLORADO TITANS PROGRAM SERVICES AND REVENUE SOURCES THE COLORADO TITANS BASKETBALL CLUB CELEBRATED IT'S 18TH YEAR OF EXISTENCE IN 2023 AND 14TH AS A 501(C)(3) NON-PROFIT CORPORATION. DURING 2023...

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COLORADO TITANS PROGRAM SERVICES AND REVENUE SOURCES THE COLORADO TITANS BASKETBALL CLUB CELEBRATED IT'S 18TH YEAR OF EXISTENCE IN 2023 AND 14TH AS A 501(C)(3) NON-PROFIT CORPORATION. DURING 2023 OVER 300 BOYS AND GIRLS, AGES 11 TO 18, PARTICIPATED ON A MINIMUM OF 30 TEAMS COMPRISED OF 9-10 PLAYERS PER TEAM. ALL PLAYERS ARE REQUIRED TO ATTEND TRYOUTS FOR EACH TEAM TO DETERMINE THE SKILL LEVEL FOR PLACEMENT ON A TEAM THAT BEST FITS THAT PLAYER'S TALENT LEVEL. IT IS VERY IMPORTANT FOR PLAYER DEVELOPMENT TO BE PLACED ON A TEAM THAT NUTURES A PLAYERS SKILLS. ALL TEAMS PARTICIPATE IN LOCAL, WEEKLY LEAGUE GAMES AND TOURNAMENTS. A NUMBER OF OLDER TALENTED TEAMS TRAVEL OUT OF COLORADO TO HIGH PROFILE TOURNAMENTS FREQUENTED BY COLLEGE RECRUITING COACHES. THIS ALLOWS OUR SENIORS THE OPPORTUNITY TO MEET COACHES AND TO DISPLAY THEIR SKILLS AND TALENTS IN HOPES OF ADVANCING TO PLAY AT THE NEXT LEVEL. THE PRIMARY GOAL OF THE COLORADO TITANS PROGRAM IS TO PROVIDE AN ENVIRONMENT, FOR ALL PLAYERS, TO LEARN THE GAME OF BASKETBALL AND TO GROW AND MATURE THROUGH THE GUIDANCE OF OUR OUTSTANDING COACHING STAFF. LASTLY, THE COLORADO TITANS TAKE GREAT PRIDE IN THE FACT THAT ANNUALLY, OVER 60% OF OUR HIGH SCHOOL SENIORS COMMITT TO PLAY BALL ST THE NEXT LEVEL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,022
Program Service Revenue $871,087
Investment Income $0
Other Revenue $0
TOTAL REVENUE $884,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,000
Fundraising Expenses $0
Program Expenses $945,125
Other Expenses $883,125
TOTAL EXPENSES $948,125

Year-over-Year Comparison

2023 2022 Change
Revenue $884,109 $884,679 0.0%
Expenses $948,125 $918,917 +0.0%
Net Income $-64,016 $-34,238 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
1
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
4
$65,000
Total Directors
3
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK JIMENEZ CHAIR/TREASU 40.00
Officer Director
$45,000 $0 $45,000
RICH CRIST VICE CHAIR 10.00
Officer Director
$20,000 $0 $20,000
MIKE MCQUEENEY SECRETARY 1.00
Officer Director
$0 $0 $0
MARK WRAPP BOARD MEMBER 1.00
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 No data No data No data No data
2023 $884,109 $948,125 $22,300 $-64,016
2022 $884,679 $918,917 $86,316 $-34,238
2021 $938,742 $898,720 $120,554 $40,022
2020 $543,859 $499,073 $80,532 $44,786
2019 $639,726 $619,579 $46,161 $20,147
2018 $513,342 $514,488 $16,176 $-1,146
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