Gator Bowl Sports Events 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

2013

Legal Domicile

Principal Officer

WILLIAM G MCGARITY

Phone

9047981700

Tax Period

2024-04-01 to 2025-03-31

Gator Bowl Sports Events Inc, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $278K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $260K left a modest 7% surplus.

Mission

TO DEVELOP, PROMOTE AND MANAGE WORLD-CLASS ATHLETIC COMPETITIONS AND SUPPORTING EVENTS THAT CONTRIBUTE TO THE MOTIVATION, EDUCATION, AND ENJOYMENT OF NORTHEAST FLORIDA SPORTS FANS, INCREASE NATIONAL IMAGE AND COMMUNITY PRIDE, AND STIMULATE AND PROVIDE POSITIVE IMPACT ON THE LOCAL ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $259,571 Revenue: $277,855

GATOR BOWL SPORTS EVENTS, INC. (DOING BUSINESS AS JACKSONVILLE SPORTS COUNCIL AND AS JAXSPORTS) IS A NON-PROFIT, MEMBERSHIP ORGANIZATION ESTABLISHED IN PARTNERSHIP WITH THE CITY OFJACKSONVILLE AND...

GATOR BOWL SPORTS EVENTS, INC. (DOING BUSINESS AS JACKSONVILLE SPORTS COUNCIL AND AS JAXSPORTS) IS A NON-PROFIT, MEMBERSHIP ORGANIZATION ESTABLISHED IN PARTNERSHIP WITH THE CITY OFJACKSONVILLE AND GATOR BOWL SPORTS, INC. TO SERVE AS THE MAINFRAME FOR THE GROWTH AND DEVELOPMENT OF SPORTING EVENTS IN NORTHEAST FLORIDA. THE MISSION OF JAXSPORTS IS TO ENHANCE AND POSITIVELY IMPACT THE QUALITY OF LIFE AND COMMUNITY PRIDE, ALONG WITH GENERATING ECONOMIC IMPACT AND GROWTH FOR NORTHEAST FLORIDA THROUGH PROFESSIONAL AND AMATEUR SPORTS. OUR VALUES AND GOALS REFLECT THIS MISSION. HOSTED EVENT THIS YEAR WAS THE FLORIDA STATE/FLORIDA BASEBALL GAME AT THE BASEBALL GROUNDS OF JACKSONVILLE.

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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 $0

Program Service Revenue $277,854

Investment Income $0

Other Revenue $0

TOTAL REVENUE $277,854

Expense Breakdown

Grants Paid $110,000

Salaries & Benefits $42,204

Fundraising Expenses $0

Program Expenses $259,571

Other Expenses $107,367

TOTAL EXPENSES $259,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,854	$546,570	-0.5%
Expenses	$259,571	$426,408	-0.4%
Net Income	$18,283	$120,162	-0.8%

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

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

$719,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William G McGarity	PRESIDENT/CEO	40.0	Officer	$0	$6,948	$317,093
ROBERT E LEVEROCK	VP/CFO	40.0	Officer	$0	$36,965	$237,830
Katherine Cox	VP OF MARKETING	40.0	Officer	$0	$17,137	$165,051
NELSON BRADSHAW	PAST CHAIRMAN	1.0	Director	$0	$0	$0
DAVID BOREE	PAST CHAIRMAN	1.0	Director	$0	$0	$0
GREG SMITH	CO-TREASURER	1.0	Officer Director	$0	$0	$0
SCOTT KEITH	PAST CHAIRMAN	1.0	Director	$0	$0	$0
ANDY CHENEY	PAST CHAIRMAN	1.0	Director	$0	$0	$0
ANDY PRADELLA	PAST CHAIRMAN	1.0	Director	$0	$0	$0
BOB SMITH	PAST CHAIRMAN	1.0	Director	$0	$0	$0
BRIAN GOIN	PAST CHAIRMAN	1.0	Director	$0	$0	$0
CARL CANNON	PAST CHAIRMAN	1.0	Director	$0	$0	$0
CHARLES HUGHES	PAST CHAIRMAN	1.0	Director	$0	$0	$0
CHRIS VERLANDER	PAST CHAIRMAN	1.0	Director	$0	$0	$0
DAN MURPHY	CO-TREASURER	1.0	Officer Director	$0	$0	$0
DAVID LONG	PAST CHAIRMAN	1.0	Director	$0	$0	$0
FRED FRANKLIN	PAST CHAIRMAN	1.0	Director	$0	$0	$0
HEATHER DUNCAN	PAST CHAIRMAN	1.0	Director	$0	$0	$0
HENRY BECKWITH	PAST CHAIRMAN	1.0	Director	$0	$0	$0
JAMIE SHELTON	PAST CHAIRMAN	1.0	Director	$0	$0	$0
JIM MCCOLLUM	PAST CHAIRMAN	1.0	Director	$0	$0	$0
JOHN DUCE	SECRETARY	1.0	Officer Director	$0	$0	$0
LEERIE JENKINS	PAST CHAIRMAN	1.0	Director	$0	$0	$0
MIKE HARTLEY	PAST CHAIRMAN	1.0	Director	$0	$0	$0
RICH THOMPSON	PAST CHAIRMAN	1.0	Director	$0	$0	$0
SCOTT MCCALEB	PAST CHAIRMAN	1.0	Director	$0	$0	$0
STEVE TREMEL	PAST CHAIRMAN	1.0	Director	$0	$0	$0
SUSAN HAMILTON	PAST CHAIRMAN	1.0	Director	$0	$0	$0
VICTOR JACKSON	PAST CHAIRMAN	1.0	Director	$0	$0	$0
VINCE MCCORMACK	PAST CHAIRMAN	1.0	Director	$0	$0	$0
WILFORD LYON	PAST CHAIRMAN	1.0	Director	$0	$0	$0
ANDY KING	CHAIRMAN	1.0	Officer Director	$0	$0	$0
ALAN WORLEY	IMMEDIATE PAST CHAIRMAN	1.0	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
2025	$277,854	$259,571	$803,815	$18,283
2024	$546,570	$471,057	$556,950	$75,513
2023	No data	$53,447	$9,935	No data
2022	$247,268	$203,490	$78,601	$43,778
2021	No data	$684	$563	No data
2020	$126,810	$245,495	$88,470	$-118,685
2019	$658,985	$1,188,905	$128,200	$-529,920
2018	$615,973	$1,064,957	$128,848	$-448,984