CF ACADEMY INC

EIN: 463083492 501(c)(3) Recreation & Sports

CHATTANOOGA, TN

Total Revenue
$977,077
Total Expenses
$1,179,317
Total Assets
$512,006
Net Assets
$-147,473
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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
2013
Principal Officer
SHELDON GRIZZLE
Phone
4235034504
Tax Period
2023-08-01 to 2024-07-31

CF ACADEMY INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $977K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO CREATE PROGRESSIVE AND INNOVATIVE OPPORTUNITIES FOR YOUTH TO GROW AND EXCEL IN SOCCER SKILLS, IN THE DELIGHT OF PLAY, IN THE DISCIPLINE OF TEAM WORK, AND IN THE BENEFITS OF DEDICATION OT THE SPORT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $955,843
Investment Income $86
Other Revenue $21,148
TOTAL REVENUE $977,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $604,344
Fundraising Expenses $0
Program Expenses $1,055,811
Other Expenses $574,973
TOTAL EXPENSES $1,179,317

Year-over-Year Comparison

2023 2022 Change
Revenue $977,077 $884,713 +0.1%
Expenses $1,179,317 $900,179 +0.3%
Net Income $-202,240 $-15,466 +12.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
64
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELDON GRIZZLE PRESIDENT N/A
Officer
$0 $0 $0
MARK HARRISON SECRETARY/TR N/A
Officer
$0 $0 $0
BRIAN HOPPER VICE PRESIDE N/A
Officer
$0 $0 $0
MARK RANDOLPH VICE PRESIDE N/A
Officer
$0 $0 $0
MYRA SCHALK SECRETARY N/A
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
2024 $977,077 $1,179,317 $512,006 $-202,240
2023 $884,713 $900,179 $346,206 $-15,466
2022 $895,978 $928,956 $352,921 $-32,978
2021 $814,405 $675,468 $374,986 $138,937
2020 $610,446 $541,194 $219,085 $69,252
2019 $876,221 $893,333 $111,655 $-17,112
2018 $899,660 $875,911 $347,242 $23,749
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