SPECTRUM BASKETBALL CLUB

EIN: 462457744 501(c)(3)

ROANOKE, VA

Total Revenue
$88,500
Total Expenses
$885
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
JOHN FREELAND
Phone
5405610921
Tax Period
2021-01-01 to 2021-12-31

SPECTRUM BASKETBALL CLUB, founded in 2013, is a small nonprofit that reported $104K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year.

Mission

SPECTRUM BASKETBALL CLUB PROVIDES OPPORTUNITIES FOR CHILDREN AND YOUTH TO PARTICIPATE IN THE SPORTS OF BASKETBALL AND VOLLEYBALL BY CONDUCTING TRAINING EVENTS AND TOURNAMENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $88,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $88,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $860
Other Expenses $885
TOTAL EXPENSES $885

Year-over-Year Comparison

2021 2020 Change
Revenue $88,500 $8,491 +9.4%
Expenses $885 $13,996 -0.9%
Net Income $87,615 $-5,505 -16.9%
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

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Governance

Voting Members
2
Independent Members
N/A
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FREELAND PRESIDENT N/A
Officer Director
$0 $0 $0
KAREN FREELAND SECRETARY/TR N/A
Officer 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
2021 $88,500 $885 No data $87,615
2020 $8,491 $13,996 $8,643 $-5,505
2019 $52,485 $50,512 $16,539 $1,973
2018 $103,587 $103,402 $12,228 $185
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