THE HORNETS NEST SPORTS CLUB (EIN 264453117) - 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

2008

Legal Domicile

Principal Officer

BRAD GRIEVES

Tax Period

2023-01-01 to 2023-12-31

THE HORNETS NEST SPORTS CLUB, founded in 2008, is a small nonprofit in the Human Services sector that reported $341K in total revenue in fiscal year 2023. Expenses of $291K left a modest 15% surplus.

Mission

PROVIDE CHARITABLE AND EDUCATIONAL SERVICES TO THE NETAWAKA COMMUNITY IN THE FORM OF PROMOTION OF HEALTHY BEHAVIOR INCLUDING FITNESS ACTIVITIES.

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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 $323,945

Program Service Revenue $0

Investment Income $0

Other Revenue $16,884

TOTAL REVENUE $340,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,648

Fundraising Expenses $0

Program Expenses $122,035

Other Expenses $181,879

TOTAL EXPENSES $290,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,829	$316,339	+0.1%
Expenses	$290,527	$327,782	-0.1%
Net Income	$50,302	$-11,443	-5.4%

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

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 SCHOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER RETHMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
CASEY PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD GRIEVES	PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTEL BONTRAGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BEVERLY SPELLMEIER	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT STEFFES	MANAGER	40.00	Key Emp	$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	$340,829	$290,527	$5,231,759	$50,302
2022	$316,339	$327,782	$5,177,879	$-11,443
2021	$277,869	$280,693	$5,189,184	$-2,824
2020	$294,286	$229,773	$5,189,688	$64,513
2019	$338,743	$340,528	$5,109,070	$-1,785
2018	$302,061	$306,032	$5,110,855	$-3,971

THE HORNETS NEST SPORTS CLUB