SCHILKE-NOVAK KIDS SPORTS TRUST

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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

LISA NOVAK

Phone

4027217111

Tax Period

2023-01-01 to 2023-12-31

SCHILKE-NOVAK KIDS SPORTS TRUST, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $87K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $396K exceeded revenue, resulting in a 354% operating deficit.

Mission

THE MISSION OF THIS ORGANIZATION IS TO PROVIDE FUNDING TO ENSURE THAT UNDERPRIVILEGED YOUTH IN THE COMMUNITY CAN PARTICIPATE IN ATHLETIC ACTIVITIES AND COMPETE WITH THEIR PEERS.

Program Service Accomplishments

Program 1

Expenses: $351,851

MAINTENANCE OF A FOUR-FIELD BASEBALL/SOFTBALL COMPLEX: THE OBJECTIVE OF THE PROGRAM IS TO PROVIDE FIELD ACCESS TO AREA YOUTH WHO ARE PARTICPATING IN BASEBALL AND SOFTBALL. THE NUMBER OF PARTICIPANTS IN THESE ACTIVITIES DURING 2021 WAS APPROXIMATELY 5,000 INCLUDING THE FOLLOWING PROGRAMS: FREMONT NIGHTHAWKS SELECT BASEBALL (AGES 8-14) FREMONT NIGHTHAWKS OPEN BASEBALL (AGES 8-14) FREMONT NIGHTHAWKS MIGHTYHAWKS (AGES 6-8) FREMONT LADYHAWKS SOFTBALL (AGES 11, 12, 16) FREMONT LADYHAWKS COMPETITIVE SOFTBALL (AGES 10, 12, 14)

Program 2

Expenses: $17,697

BASEBALL PROGRAM FEE GRANTS: FUNDS WERE PROVIDED TO UNDERPRIVLEDGED YOUTH FOR BASEBALL PARTICIPATION FEES.

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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 $22,320

Program Service Revenue $0

Investment Income $59,425

Other Revenue $5,397

TOTAL REVENUE $87,142

Expense Breakdown

Grants Paid $17,697

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $370,348

Other Expenses $378,179

TOTAL EXPENSES $395,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,142	$94,014	-0.1%
Expenses	$395,876	$366,697	+0.1%
Net Income	$-308,734	$-272,683	+0.1%

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

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
LISA NOVAK	TRUSTEE DIRE	N/A	Officer Director	$0	$0	$0
BRAD NOVAK	DIRECTOR	N/A	Director	$0	$0	$0
NICK NOVAK	DIRECTOR	N/A	Director	$0	$0	$0
BRAD HOLTORF	DIRECTOR	N/A	Director	$0	$0	$0
TERRY MCCLAIN	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER BIXBY	DIRECTOR	N/A	Director	$0	$0	$0
CAROL NIELSEN	DIRECTOR	N/A	Director	$0	$0	$0
MARK PRINCE	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$87,142	$395,876	$5,779,760	$-308,734
2022	$94,014	$366,697	$5,782,434	$-272,683
2021	$1,501,871	$314,274	$6,451,087	$1,187,597
2020	$114,113	$336,178	$6,469,463	$-222,065
2019	$95,444	$330,769	$6,642,879	$-235,325
2018	$205,870	$333,873	$6,470,130	$-128,003