TEXAS LEGACY VOLLEYBALL CLUB

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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

2014

Legal Domicile

Principal Officer

KATHRYN DAVIS

Phone

7134306640

Tax Period

2023-01-01 to 2023-12-31

TEXAS LEGACY VOLLEYBALL CLUB, founded in 2014, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO HELP YOUNG PLAYERS GROW AND EXCELL AT THE SPORT OF VOLLEYBALL AND TO PROVIDE UNPARALLELED INSTRUCTION THAT ENSURES THE BUILDING OF CHARACTER AND THE DEVELOPMENT OF SKILLS AND SPORTSMANSHIP, WHILE PROVIDING A FUN AND SPIRITUAL ENVIRONMENT FOR PLAYERS TO REACH THEIR MAXIMUM POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $1,519,948 Revenue: $166,202

OUR 2022-2023 SEASON BROUGHT MANY SUCCESSES OFF THE COURT AND ON THE COURT FOR TEAS LEGACY. WE SERVED OVER 500 ATHLETES BETWEEN GIRLS AND BOYS CLUB TEAMS, DEVELOPMENTAL PROGRAMS, LEGACY MINISTRY...

OUR 2022-2023 SEASON BROUGHT MANY SUCCESSES OFF THE COURT AND ON THE COURT FOR TEAS LEGACY. WE SERVED OVER 500 ATHLETES BETWEEN GIRLS AND BOYS CLUB TEAMS, DEVELOPMENTAL PROGRAMS, LEGACY MINISTRY, CAMPS, CLINICS, AND COLLEGE SHOWCASES. TEXAS LEGACY HAD 24 GIRLS TEAMS, 4 BOYS TEAMS, AND 3 PREMIER ACADEMY TEAMS THAT PARTICIPATED IN ANYWHERE FROM 8-13 TOURNAMENTS. OUR NATIONAL LEVEL TEAMS COMPETED AT A VERY HIGH LEVEL AND TRAVELED ALL OVER THE COUNTRY. WE HAD 8 (GIRLS AND BOYS) TEAMS COMPETE AT THE GIRLS JUNIOR NATIONAL CHAMPIONSHIP. IT WAS A HISTORY MAKING YEAR OUR MINISTRY IS EVER CHANGING AND WE WERE ABLE TO REACH ATHLETES THROUGH ONLINE DEVOTIONALS, IN-PERSON STUDIES, AND COMMUNITY SERVICE. WE ARE COMING UP ON 10 YEARS AND ARE PROUD OF THE WAY WE ARE CHANGING CLUB SPORTS AND ENHANCING THE LIVES OF YOUNG ATHLETES THROUGH OUR PROGRAM

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,592,215

Program Service Revenue $166,202

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,758,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $397,017

Fundraising Expenses $0

Program Expenses $1,519,948

Other Expenses $1,585,312

TOTAL EXPENSES $1,982,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,758,417	$1,673,686	+0.1%
Expenses	$1,982,329	$1,687,848	+0.2%
Net Income	$-223,912	$-14,162	+14.8%

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

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

Total Directors

$65,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN DAVIS	DIRECTOR	40.00	Director	$65,850	$0	$65,850
LONNIE DAVIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOSEPH MARTIN	PRESIDENT	1.00	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
2024	No data	No data	No data	No data
2023	$1,758,417	$1,982,329	$331,008	$-223,912
2022	$1,673,686	$1,687,848	$435,197	$-14,162
2021	$1,307,635	$1,182,984	$457,672	$124,651
2020	$829,263	$748,326	$346,265	$80,937
2019	$845,919	$802,427	$233,232	$43,492
2018	$629,673	$558,357	$223,646	$71,316