EVANSVILLE SPORTS CORPORATION

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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

2010

Legal Domicile

Principal Officer

PETE PARADOSSI

Phone

8124212059

Tax Period

2023-10-01 to 2024-09-30

EVANSVILLE SPORTS CORPORATION, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $29K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $166K exceeded revenue, resulting in a 475% operating deficit.

Mission

TO HELP ENHANCE SOUTHWESTERN INDIANA'S CULTURE, IMAGE, ECONOMY & QUALITY OF LIFE THROUGH THE ATTRACTION, PROMOTION AND DEVELOPMENT OF FAMILY ORIENTED AND NATIONAL SPORTING EVENTS.

Program Service Accomplishments

Program 1

Expenses: $157,994

TO HELP ENHANCE SOUTHWESTERN INDIANA'S CULTURE, IMAGE, ECONOMY & QUALITY OF LIFE THROUGH THE ATTRACTION, PROMOTION AND DEVELOPMENT OF FAMILY ORIENTED AND NATIONAL SPORTING EVENTS.

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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 $166,445

Program Service Revenue $0

Investment Income $0

Other Revenue $-137,616

TOTAL REVENUE $28,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,994

Other Expenses $165,649

TOTAL EXPENSES $165,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,829	$123,296	-0.8%
Expenses	$165,649	$132,901	+0.2%
Net Income	$-136,820	$-9,605	+13.2%

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

$96,696

Total Directors

$415,617

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD WINNECKE	MEMBER-AT-LARGE	5.00	Director	$0	$0	$0
TIM MCGUIRE	TREASURER	5.00	Officer Director	$0	$15,617	$96,696
CURT BEGLE	MEMBER-AT-LARGE	5.00	Director	$0	$0	$0
NATALIE HEDDE	MEMBER-AT-LARGE	5.00	Director	$0	$0	$0
JOSH CLAYBOURN	SECRETARY	5.00	Officer Director	$0	$0	$0
STEVE SCHAEFER	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
PETE PARADOSSI	CHAIR	5.00	Officer Director	$0	$0	$0
TARA BARNEY	MEMBER-AT-LARGE	5.00	Director	$0	$25,390	$318,921
JIM SANDGREN	MEMBER-AT-LARGE	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
2024	$11,593	$45,366	$20,861	$-33,773
2024	$28,829	$165,649	$59,340	$-136,820
2023	$123,296	$132,901	$231,290	$-9,605
2022	$88,375	$152,535	$27,448	$-64,160
2021	$192,933	$151,726	$87,068	$41,207
2020	$128,695	$133,485	$43,662	$-4,790
2019	$166,990	$169,270	$66,583	$-2,280
2018	$214,092	$174,145	$61,867	$39,947