ALTEN HANDBALL FOUNDATION INC (EIN 432019583) - 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

2003

Legal Domicile

Principal Officer

STEVEN L GROW

Phone

5034901457

Tax Period

2024-06-01 to 2025-05-31

ALTEN HANDBALL FOUNDATION INC, founded in 2003, is a micro nonprofit in the Recreation & Sports sector that reported $65K in total revenue in fiscal year 2024. Revenue surged 455% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 20% operating margin.

Mission

To encourage and foster participation in and playing of the game of handball with respect to the children, youth and other people of the Pacific Northwest, in particular, and of the United States in general.

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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 $24,771

Program Service Revenue $0

Investment Income $39,829

Other Revenue $0

TOTAL REVENUE $64,600

Expense Breakdown

Grants Paid $4,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,407

Other Expenses $46,507

TOTAL EXPENSES $51,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,600	$11,642	+4.5%
Expenses	$51,407	$12,707	+3.0%
Net Income	$13,193	$-1,065	-13.4%

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

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
JOHN VANGORDER	DIRECTOR	0.10	Director	$0	$0	$0
STEVEN L GROW	PRESIDENT	1.00	Officer	$0	$0	$0
TODD ZILBERT	VICE PRESIDENT	0.10	Officer	$0	$0	$0
JEFF JASPERSON	SECRETARY	0.10	Officer	$0	$0	$0
JAY MAXWELL	TREASURER	0.15	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	$64,600	$51,407	$622,317	$13,193
2024	$11,642	$12,707	$613,953	$-1,065
2023	$216,451	$23,704	$557,658	$192,747

ALTEN HANDBALL FOUNDATION INC