Varsity Team Inc (EIN 421539509) - 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

Legal Domicile

Phone

6196946809

Tax Period

2023-01-01 to 2023-12-31

Varsity Team Inc is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

Provide group home services to disadvantaged individuals under the guide lines and funding of the County of San Diego.

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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 $9,664

Program Service Revenue $3,577,472

Investment Income $859

Other Revenue $27,954

TOTAL REVENUE $3,615,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,011,002

Fundraising Expenses $0

Program Expenses $3,153,737

Other Expenses $1,059,034

TOTAL EXPENSES $4,070,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,615,949	$5,318,163	-0.3%
Expenses	$4,070,036	$4,164,120	0.0%
Net Income	$-454,087	$1,154,043	-1.4%

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

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
LANCE HICKMAN	CO EXECUTIVE DIRECTOR	40.00		$104,146	$0	$104,146
DREW DAHLSTEDT	CO EXECUTIVE DIRECTOR	40.00		$100,300	$0	$100,300
Erin Hughes	Treasurer	0.00	Officer Director	$0	$0	$0
Theresa Capanis	Secretary	0.00	Officer Director	$0	$0	$0
Jackie Guerra	Member	0.00	Director	$0	$0	$0
Chris Filasky	President	0.00	Officer Director	$0	$0	$0
Avery Dwayne Dees	member	0.00	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	No data	No data	No data	No data
2023	$3,615,949	$4,070,036	$2,272,298	$-454,087
2022	$5,318,163	$4,164,120	$2,626,563	$1,154,043
2021	$4,030,641	$3,681,671	$1,446,243	$348,970
2020	$3,504,868	$3,101,812	$1,103,056	$403,056
2019	$2,536,027	$2,601,735	$637,232	$-65,708
2018	$2,560,943	$2,604,515	$687,595	$-43,572

Varsity Team Inc