IGNITE HOOPS (EIN 475405872) - 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

2015

Legal Domicile

Principal Officer

JANA BALIS

Phone

8474523871

Tax Period

2024-01-01 to 2024-12-31

IGNITE HOOPS, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $418K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $538K exceeded revenue, resulting in a 29% operating deficit.

Mission

Ignite Hoops mission is to reach athletes and their families and lead them to a saving relationship with Jesus Christ through the game of basketball. This is accomplished through Bible study, prayer and fellowship. Players will be involved in community service projects, helping those in need in the northwest suburbs of Chicago. We also provide education in small group and large group sessions for discipling coaches, athletes and their families to grow in their walk with Christ.

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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 $417,554

Investment Income $126

Other Revenue $0

TOTAL REVENUE $417,680

Expense Breakdown

Grants Paid $325

Salaries & Benefits $321,243

Fundraising Expenses $0

Program Expenses $457,918

Other Expenses $216,747

TOTAL EXPENSES $538,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$417,680	$623,607	-0.3%
Expenses	$538,315	$567,455	-0.1%
Net Income	$-120,635	$56,152	-3.1%

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

$107,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANA BALIS	President & CEO	40.00	Officer	$107,883	$0	$107,883
JOHN C AEILLO JR	Chairman	10.00	Director	$0	$0	$0
CHRIS HILL	Director	2.00	Director	$0	$0	$0
JOHN BOSTROM	Director	2.00	Director	$0	$0	$0
TIMOTHY AUGUSTINE	Vice President	2.00	Officer	$0	$0	$0
ANGELA RYG	Secretary	2.00	Officer	$0	$0	$0
STEVEN SAFFORD	Treasurer	2.00	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	$417,680	$538,315	No data	$-120,635
2023	$623,607	$567,455	$178,006	$56,152
2022	$458,043	$501,192	$127,803	$-43,149
2021	$413,630	$404,765	$158,269	$8,865
2019	$279,489	$264,886	$41,319	$14,603
2018	$205,316	$194,943	$24,770	$10,373

IGNITE HOOPS