SPL SPORTS INC (EIN 274832320) - 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

2011

Legal Domicile

Principal Officer

COREY WILLIAMS

Phone

5202561504

Tax Period

2024-01-01 to 2024-12-31

SPL SPORTS INC, founded in 2011, is a community nonprofit in the Recreation & Sports sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $458K, a strong 16% operating margin.

Mission

HELPING YOUNG PEOPLE AND THEIR FAMILIES THROUGH AMATEUR SPORTS, FITNESS AND HEALTH EDUCATION

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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 $2,831,335

Program Service Revenue $0

Investment Income $36

Other Revenue $0

TOTAL REVENUE $2,831,371

Expense Breakdown

Grants Paid $49,040

Salaries & Benefits $23,000

Fundraising Expenses $0

Program Expenses $2,337,034

Other Expenses $2,301,092

TOTAL EXPENSES $2,373,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,831,371	$1,975,972	+0.4%
Expenses	$2,373,132	$1,942,748	+0.2%
Net Income	$458,239	$33,224	+12.8%

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

$23,000

Total Directors

$23,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HOSTETLER	BOARD CHAIR	12.00	Officer Director	$5,000	$0	$5,000
DAL HODGES	TREASURER	5.00	Officer Director	$0	$0	$0
COREY WILLIAMS	EXECUTIVE DIRECTOR	15.00	Officer Director	$18,000	$0	$18,000

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	$2,831,371	$2,373,132	$912,757	$458,239
2023	$1,975,972	$1,942,748	$635,051	$33,224
2022	$820,514	$510,240	$432,232	$310,274

SPL SPORTS INC