FORMER PLAYER BENEFITS TRUST

EIN: 463459332 Mutual Benefit

WASHINGTON, DC

Total Revenue
$34,927,050
Total Expenses
$28,669,508
Total Assets
$41,101,443
Net Assets
$38,768,711
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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
Legal Domicile
DC
Principal Officer
ZAMIR COBB
Phone
8667250063
Tax Period
2024-03-01 to 2025-02-28

FORMER PLAYER BENEFITS TRUST, founded in 2013, is a mid-sized nonprofit in the Mutual Benefit sector that reported $34.9M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 18% operating margin.

Mission

THE TRUST PROVIDES BENEFITS, SERVICES AND RESOURCES TO ELIGIBLE FORMER NFL PLAYERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $34,503,850
Investment Income $421,600
Other Revenue $1,600
TOTAL REVENUE $34,927,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,216,731
TOTAL EXPENSES $28,669,508

Year-over-Year Comparison

2024 2023 Change
Revenue $34,927,050 $25,524,169 +0.4%
Expenses $28,669,508 $26,818,203 +0.1%
Net Income $6,257,542 $-1,294,034 -5.8%
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

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Governance

Voting Members
6
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
$885,286
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LLOYD HOWELL JR TRUSTEE 1.00
Director
$0 $0 $0
JC TRETTER TRUSTEE (TO MARCH 2024) 1.00
Director
$0 $0 $0
NOLAN HARRISON III TRUSTEE 1.00
Director
$0 $0 $0
LARRY FERAZANI TRUSTEE 1.00
Director
$0 $0 $0
PAUL BLALOCK TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY FIELDS TRUSTEE 1.00
Director
$0 $0 $0
JALEN REEVES-MAYBIN TRUSTEE (EFF MARCH 2024) 1.00
Director
$0 $0 $0
KELLY MEHRTENS EXECUTIVE DIRECTOR (TO AUG 2024) 1.00
Officer
$0 $82,807 $431,185
ZAMIR COBB EXECUTIVE DIRECTOR (EFF AUG 2024) 1.00
Officer
$0 $105,679 $454,101
LYDIA ZAKHARI GENERAL COUNSEL 1.00
Highest
$0 $85,067 $318,112
CHERYL TURNER DIRECTOR OF SERVICE 1.00
Highest
$0 $77,940 $266,142
QIANA THOMAS DIR OF EVENTS AND PROGRAMS 1.00
Highest
$0 $49,327 $214,379
LOUSAKA POLITE DIRECTOR OF OUTREACH 1.00
Highest
$0 $75,658 $240,462
DIANE EUNICE ASSISTANT DIRECTOR 1.00
Highest
$0 $35,310 $178,222
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 $34,927,050 $28,669,508 $41,101,443 $6,257,542
2024 $25,524,169 $26,818,203 $32,853,287 $-1,294,034
2023 $24,915,607 $21,254,992 $34,016,274 $3,660,615
2022 $17,989,193 $15,073,678 $30,151,971 $2,915,515
2021 $19,788,566 $16,196,963 $27,271,707 $3,591,603
2020 $19,688,505 $18,220,001 $24,626,263 $1,468,504
2019 $20,903,433 $13,790,777 $22,912,088 $7,112,656
2018 $12,488,591 $14,075,956 $18,303,855 $-1,587,365
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