KNIGHTS BASKETBALL ACADEMY MIDWEST (EIN 464751640) - Form 990 Financial Analysis & Trantor Score

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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

Phone

3147042514

Tax Period

2024-01-01 to 2024-12-31

KNIGHTS BASKETBALL ACADEMY MIDWEST, founded in 2014, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 3% surplus.

Mission

AMATEUR BASKETBALL CLUB FOCUSED ON INDIVIDUAL PLAYER DEVELOPMENT AS WELL AS TEAM CONCEPTS

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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 $33,544

Program Service Revenue $1,024,650

Investment Income $4,403

Other Revenue $110,561

TOTAL REVENUE $1,173,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,039

Fundraising Expenses $0

Program Expenses $988,471

Other Expenses $827,889

TOTAL EXPENSES $1,136,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,173,158	N/A	N/A
Expenses	$1,136,928	N/A	N/A
Net Income	$36,230	N/A	N/A

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

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

$233,834

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN ROLFES	PRESIDENT	40.00	Officer	$98,617	$0	$98,617
DAVE MONTANDON	VICE PRESIDENT	40.00	Officer	$98,617	$0	$98,617
KRISTOPHER LOVETTE	DIRECTOR	20.00	Officer	$36,600	$0	$36,600
JOHN DUFF	DIRECTOR	1.00	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	$1,173,158	$1,136,928	$265,705	$36,230
2023	$963,485	$899,696	$229,457	$63,789
2022	$647,091	$689,579	$165,520	$-42,488
2021	$572,008	$553,682	$215,472	$18,326
2020	$450,211	$399,592	$200,731	$50,619
2019	$476,305	$440,301	$150,082	$36,004
2018	$441,853	$412,549	$110,878	$29,304

KNIGHTS BASKETBALL ACADEMY MIDWEST