HOOPTIME 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

2002

Legal Domicile

Principal Officer

LORI WRIGHT-SEYMOUR

Phone

9077905360

Tax Period

2022-01-01 to 2022-12-31

HOOPTIME INC, founded in 2002, is a micro nonprofit in the Recreation & Sports sector that reported $60K in total revenue in fiscal year 2022. Revenue surged 150% from the prior year, signaling strong growth momentum. Expenses of $72K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF HOOPTIME BASKETBALL IS TO TEACH FUNDAMENTAL AND ADVANCED BASKETBALL SKILLS TO ELEMENTARY THROUGH HIGH SCHOOL AGED STUDENT ATHLETES WHO DESIRE THE OPPORTUNITY TO PLAY IN A COMPETITIVE, DEDICATED, SUPPORTIVE AND DISCIPLINED TEAM ENVIRONMENT BY HIGHLY QUALIFIED AND MOTIVATED COACHES.

Program Service Accomplishments

Program 1

Expenses: $60,020 Revenue: $14,948

CONDUCT BASKETBALL PROGRAMS WITH THE ASSISTANCE OF OVER FIFTY VOLUNTEERS THAT PROVIDE FOR, ENHANCE AND STRENGTHEN PARTICIPATION AND COMPETITION FOR AMATEUR ATHLETES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,719

Program Service Revenue $14,948

Investment Income $1,758

Other Revenue $37,440

TOTAL REVENUE $59,865

Expense Breakdown

Grants Paid $700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,020

Other Expenses $70,985

TOTAL EXPENSES $71,685

Year-over-Year Comparison

	2022	2021	Change
Revenue	$59,865	$23,932	+1.5%
Expenses	$71,685	$8,466	+7.5%
Net Income	$-11,820	$15,466	-1.8%

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
LORI WRIGHT-SEYMOUR	BOARD PRESID	1.00	Officer Director	$0	$0	$0
SUE BECKERMAN	CO PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE CARRIKER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANNIE CHAPPEL-LAZO	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN CASPERSON	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI RICHARDS-MAZON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SACEDA	DIRECTOR	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
2022	$59,865	$71,685	$63,611	$-11,820
2021	$23,932	$8,466	$75,431	$15,466
2019	$86,055	$97,706	$54,584	$-11,651
2018	$105,508	$98,210	$66,235	$7,298