COVER 3 FOOTBALL 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

GREG SCOTT

Phone

7575622252

Tax Period

2023-01-01 to 2023-12-31

COVER 3 FOOTBALL INC, founded in 2009, is a small nonprofit in the Youth Development sector that reported $937K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $151K, a strong 16% operating margin.

Mission

OUR MISSION IS TO INSPIRE AND MOTIVATE CHILDREN TO ACHIEVE THEIR GOALS AND CONQUER ADVERSITY THROUGH POSTIVE, PERSONAL AND PASSIONATE COACHING, MENTORING, AND COMMUNITY SERVICE.

Program Service Accomplishments

Program 1

Expenses: $685,680 Revenue: $771,780

C3 S KIDS MEALS. THIS PROGRAM EXISTS TO PROVIDE NUTRITIOUS SNACKS AND MEALS TO ALL CHILDREN IN AFTER SCHOOL PROGRAMS, SUMMER FEEDING SITES AND WHILE SCHOOL IS OUT DURING THE YEAR THROUGHOUT...

C3 S KIDS MEALS. THIS PROGRAM EXISTS TO PROVIDE NUTRITIOUS SNACKS AND MEALS TO ALL CHILDREN IN AFTER SCHOOL PROGRAMS, SUMMER FEEDING SITES AND WHILE SCHOOL IS OUT DURING THE YEAR THROUGHOUT SOUTHAMPTON COUNTY, GREENSVILLE COUNTY, SUSSEX COUNTY, CHESAPEAKE, NORFOLK, SUFFOLK, EMPORIA, PETERSBURG, VIRGINIA BEACH AND THE CITY OF FRANKLIN. TO DATE THIS IS OUR LARGEST PROGRAM, REACHING 3,000 CHILDREN EVERYDAY.

Program 2

COVER 3 YOUTH FOOTBALL AND CHEER LEAGUE. THE COVER 3 YOUTH FOOTBALL LEAGUE, FORMALLY THE FRANKLIN LITTLE LEAGUE FOOTBALL PROGRAM, BEGAN ITS INAUGURAL SEASON AUGUST OF 2014. AFTER SEVERAL SUCCESSFUL YEARS AS THE COVER 3 TIDE, PARTICIPATING IN THE AMERICAN YOUTH FOOTBALL LEAGUE (AYF), COVER 3 FOUNDATION IS THRILLED TO BE APART OF THIS LOCAL MOVEMENT. GIRLS AND BOYS AGES 6-13 CAN PARTICIPATE IN FLAG, TACKLE, OR CHEERING. SKILL DEVELOPMENT AND SAFETY ARE OUR TOP PRIORITIES AND ARE MAIN FOCUSES OF THE PROGRAM.

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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 $936,235

Program Service Revenue $0

Investment Income $13

Other Revenue $1,196

TOTAL REVENUE $937,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,215

Program Expenses $685,680

Other Expenses $786,570

TOTAL EXPENSES $786,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$937,444	$781,685	+0.2%
Expenses	$786,570	$935,008	-0.2%
Net Income	$150,874	$-153,323	-2.0%

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
DARNELL LEE	VICE CHAIRMAN	5	Director	$0	$0	$0
LITTLETON PARKER	CHAIRMAN	5	Director	$0	$0	$0
GREG SCOTT	FOUNDER AND CEO	40	Officer Director	$0	$0	$0
XAVIER SCOTT	BOARD MEMBER	5	Director	$0	$0	$0
SUSAN MELBYE	SECRETARY TREASURER	20	Officer 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
2023	$937,444	$786,570	$116,465	$150,874
2022	$781,685	$935,008	$89,564	$-153,323
2021	$878,161	$877,068	$160,735	$1,093
2020	$845,608	$872,391	$187,284	$-26,783
2019	$892,330	$871,477	$185,617	$20,853
2018	$940,500	$1,022,502	$332,874	$-82,002
2017	$988,739	$1,081,814	$187,312	$-93,075