SPRING LAKE PARK PANTHER BASKETBALL CLUB (EIN 411724079) - 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

2015

Legal Domicile

Principal Officer

ERIC SANKS

Phone

6513992752

Tax Period

2024-05-01 to 2025-04-30

SPRING LAKE PARK PANTHER BASKETBALL CLUB, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $129K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $27K, a strong 21% operating margin.

Mission

WE ARE A SECOND THROUGH EIGHTH GRADE TRAVELING AND RECREATIONAL BASKETBALL CLUB FOR BOTH BOYS AND GIRLS. WE PROVIDE BASKETBALL EQUIPMENT, UNIFORMS, GYM TIME AND SKILLS DEVELOPMENT PROGRAMS FOR ALL PARTICIPANTS. WE ALSO ORGANIZE AND PAY THE REISTRATION FEES FOR ALL GAMES AND TOURNAMENTS THE TEAMS PARTICIPATE IN. WE ORGANIZE AND RUN ALL THE FUNDRAISERS (INCLUDING HOLDING OUR OWN BOYS AND GIRLS TOURNAMENTS) TO HELP PAY FOR ALL THE EQUIPMENT, UNIFORMS, GYM TIME AND TOURNAMENT REGISTRATION FEES PROVIDED BY THE CLUB. THE CLUB IS ORGANIZED AND RUN ENTIRELY BY VOLUNTEERS.

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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 $170,922

Program Service Revenue $0

Investment Income $39

Other Revenue $-42,030

TOTAL REVENUE $128,931

Expense Breakdown

Grants Paid $150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,405

Other Expenses $102,220

TOTAL EXPENSES $102,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,931	$117,967	+0.1%
Expenses	$102,370	$105,124	0.0%
Net Income	$26,561	$12,843	+1.1%

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

N/A

Employees

N/A

Volunteers

300

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
MIKE WELCH	PRESIDENT	100.00	Officer	$0	$0	$0
MIKE WOELFFER	VICE PRESIDENT	100.00	Officer	$0	$0	$0
SARAH LEE	SECRETARY	100.00	Officer	$0	$0	$0
ERIC SANKS	TREASURER	100.00	Officer	$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
2025	$128,931	$102,370	$107,433	$26,561
2024	$117,967	$105,124	$80,872	$12,843
2023	$112,245	$114,884	$68,029	$-2,639

SPRING LAKE PARK PANTHER BASKETBALL CLUB