V3 SPORTS 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

2015

Legal Domicile

Principal Officer

Analyah Schlaeger dos Santos

Phone

8338377678

Tax Period

2023-01-01 to 2023-12-31

V3 SPORTS INC, founded in 2015, is a mid-sized nonprofit in the Recreation & Sports sector that reported $23.2M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 38% operating margin.

Mission

The mission of V3 Sports is to elevate its community (North Minneapolis) through wellness, fitness, and education. In serving its mission, V3 Sports operates the V3 Center in North Minneapolis and runs culturally relevant programming through its state-of-the-art aquatics, fitness and community center, which hosts a childcare service, a Boys and Girls Club branch and a locally-owned restaurant.

Program Service Accomplishments

Program 1

Expenses: $12,958,775 Revenue: $99

V3 Sports completed most of the construction of its Phase 1 Community Center in 2023, offering supporters and the public a Sneak Peek of the progress in October 2023.

Program 2

Expenses: $705,224 Revenue: $6,710

V3 Sports delivered programming in 2023 that included swimming lessons and women-only swims at Franklin Middle School, held a Do More Than Tri triathlon for youth in the North Minneapolis Community, held a Family Swim and Wellness Fair, giving away 80 bikes to the first attendees, ran lifeguard trainings, ran a 10-week career exploration internship program called the Discovery Project, and brought V3 participants to the first cultural swim exchange with the Flathead Boys and Girls Club in Montana.

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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 $23,029,418

Program Service Revenue $6,710

Investment Income $150,484

Other Revenue $99

TOTAL REVENUE $23,186,711

Expense Breakdown

Grants Paid $12,958,775

Salaries & Benefits $370,259

Fundraising Expenses $373,571

Program Expenses $13,663,999

Other Expenses $1,025,620

TOTAL EXPENSES $14,480,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,186,711	$15,786,495	+0.5%
Expenses	$14,480,727	$635,823	+21.8%
Net Income	$8,705,984	$15,150,672	-0.4%

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

$189,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Malik Rucker	Executive Director	40	Officer	$98,077	$2,836	$100,913
Jacqueline D Strebe	Director of Finance and Operations	40	Officer	$60,769	$3,070	$63,839
Jane Townsend	Managing Director	40	Officer	$24,703	$0	$24,703
Tru Pettigrew	Director	0.5	Director	$0	$0	$0
David Plummer	Director	0.5	Director	$0	$0	$0
Wokie Weah	Director	0.5	Director	$0	$0	$0
Isaac De Souza	Director	1	Director	$0	$0	$0
Dr Ayanna Rakhu	Director	0.5	Director	$0	$0	$0
Jerome Richardson	Director	0.5	Director	$0	$0	$0
Laura Shingler	Director	0.5	Director	$0	$0	$0
Darrell Thompson	Director	0.5	Director	$0	$0	$0
Tamera Irwin	Director	0.5	Director	$0	$0	$0
Ezra Hyland	Director	0.5	Director	$0	$0	$0
Henry Lake	Director	0.5	Director	$0	$0	$0
Erika Binger	Founding Director and Coach	20	Officer Director	$0	$0	$0
Analyah Schlaeger Dos Santos	Board Chair	2	Officer Director	$0	$0	$0
Melissa Froehle	Secretary	0.5	Officer Director	$0	$0	$0
Ricky Margarit	Treasurer	2	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	$23,186,711	$14,480,727	$27,898,282	$8,705,984
2022	$15,786,495	$635,823	$17,621,946	$15,150,672
2021	$5,533,195	$390,080	$11,391,431	$5,143,115
2020	$-35,822	$145,918	$6,126,186	$-181,740
2019	$-41,243	$37,371	$5,742,928	$-78,614
2018	$-389,665	$35,801	$5,091,915	$-425,466