ETG MIDWEST 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

1985

Legal Domicile

Principal Officer

BRIAN WILLET

Phone

4024292572

Tax Period

2023-07-01 to 2024-06-30

ETG MIDWEST INC, founded in 1985, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $256K exceeded revenue, resulting in a 17% operating deficit.

Mission

OUR GOAL IS TO ENABLE STUDENT ATHLETES IN THE MIDWEST TO BE SUCCESSFUL IN LIFE BOTH ON AND OFF THE COURT. WE BELIEVE IN THE LIFE LESSONS THAT THE GAME OF BASKETBALL PROVIDES BOTH YOUTH ATHLETES AND PARENTS AND COACHES. ETG IS FOCUSED ON PROVIDING ALL THE SUPPORT NEEDED FOR PLAYERS TO GET INVOLVED. ONE OF ETG'S FOUNDING PRINCIPLES IS TO NEVER TURN AWAY A PLAYER FROM OUR PROGRAM DUE TO FINANCIAL REASONS. THE RESULT OF OUR MISSION SHOULD BE PLAYERS RECEIVING OPPORTUNITIES TO FURTHER THEIR EDUCATION OR BASKETBALL CAREERS SETTING THEM UP FOR THEIR FUTURE. HOWEVER, WE ARE NOT ABLE TO FULFILL THIS VISION WITHOUT YOUR SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $216,295 Revenue: $169,411

ETG WAS ABLE TO PROVIDE PARTIAL FINANCIAL ASSISTANCE FOR THINGS LIKE TRAVEL, MEALS AND PLAYER TEAM REGISTRATION COSTS TO 60 BASKETBALL PLAYERS AND WAS ABLE TO PROVIDE FULL FINANCIAL ASSISTANCE TO 38 OF THOSE 60 PLAYERS IN THE 2024 SEASON ENDING 7/31/2024. BECAUSE OF THE TRAVELING BASKETBALL OPPORTUNITIES, OUR PLAYERS RECEIVED OVER 88 COLLEGE SCHOLARHIP OFFERS IN THE 2024 SEASON. WE WERE ALSO ABLE TO PROVIDE MANY MEALS AND NUTRITIONAL PLANS TO PLAYERS IN FINANCIAL NEED. OUR GOAL IS TO ENABLE STUDENT ATHLETES IN THE MIDWEST TO BE SUCCESSFUL IN LIFE BOTH ON AND OFF THE COURT. WE BELIEVE IN THE LIFE LESSONS THAT THE GAME OF BASKETBALL PROVIDES BOTH YOUTH ATHLETES AND PARENTS AND COACHES. ETG IS FOCUSED ON PROVIDING ALL THE SUPPORT NEEDED FOR PLAYERS TO GET INVOLVED. ONE OF ETG'S FOUNDING PRINCIPLES IS TO NEVER TURN AWAY A PLAYER FROM OUR PROGRAM DUE TO FINANCIAL REASONS. THE RESULT OF OUR MISSION SHOULD BE PLAYERS RECEIVING OPPORTUNITIES TO FURTHER THEIR EDUCATION OR BASKETBALL CAREERS SETTING THEM UP FOR THEIR FUTURE. HOWEVER, WE ARE NOT ABLE TO FULFILL THIS VISION WITHOUT YOUR SUPPORT.

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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 $47,967

Program Service Revenue $169,411

Investment Income $0

Other Revenue $1,610

TOTAL REVENUE $218,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,056

Fundraising Expenses $17,743

Program Expenses $216,295

Other Expenses $224,528

TOTAL EXPENSES $255,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,988	$294,778	-0.3%
Expenses	$255,584	$260,646	0.0%
Net Income	$-36,596	$34,132	-2.1%

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

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
ALVIN MITCHELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN WILLET	TREASURER	1.00	Officer Director	$0	$0	$0
MATT CUMRO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TYLER MOSEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG WOODARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SIMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY GERLECZ	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIE DOUGLAS	BOARD MEMBER	1.00	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	$218,988	$255,584	$17,989	$-36,596
2024	$43,539	$48,207	$7,931	$-4,668
2023	$294,778	$260,646	$54,278	$34,132
2022	$208,267	$219,308	$14,570	$-11,041