THEODORE ATHLETIC CORPORATION

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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

1956

Legal Domicile

Phone

2514547146

Tax Period

2024-01-01 to 2024-12-31

THEODORE ATHLETIC CORPORATION, founded in 1956, is a micro nonprofit that reported $72K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $91K exceeded revenue, resulting in a 26% operating deficit.

Mission

SUPERVISED RECREATION FOR KIDS-T-BALL-BASEBALL-FOOTBALL-CHEERLEADING ETC FOR CHILDREN OF VARIOUS AGES.

Program Service Accomplishments

Program 1

Expenses: $79,923 Revenue: $71,933

ORGANIZES COMMUNITY PROGRAMS FOR CHILDRENS BALL TEAMS, RECRUIT SPONSORS, PROVIDES PLAYING FIELD AND CONCESSIONS FOR THE GAMES OF BASEBALL, FOOTBALL, SOFTBALL AND THE TEAMS CHEERLEADERS. THIS PROGRAM IS VERY GOOD FOR THE CHILDREN FROM AGES 6 THRU 16 AS IT PROVIDES THEM WITH A PLACE TO MEET WITH THEIR FRIENDS AND COMPETE IN GAMES OF SPORT IN A SUPERVISED ATMOSPHERE.

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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 $61,490

Program Service Revenue $1,657

Investment Income $0

Other Revenue $8,786

TOTAL REVENUE $71,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,102

Program Expenses $79,923

Other Expenses $90,910

TOTAL EXPENSES $90,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,933	$81,657	-0.1%
Expenses	$90,910	$98,773	-0.1%
Net Income	$-18,977	$-17,116	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RORY HASKINS	TREASURER	12.00	Officer	$0	$0	$0
SHANE COONEY	VICE PRESIDENT	12.00	Officer	$0	$0	$0
SHAY BLACKWELL	SECRETARY	12.00	Officer	$0	$0	$0
JACOB BEECH	PRESIDENT	12.00	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	$71,933	$90,910	$152,306	$-18,977
2023	$81,657	$98,773	$170,324	$-17,116
2022	$101,918	$85,127	$191,027	$16,791
2021	$67,613	$61,465	$174,236	$6,148
2020	$75,694	$72,784	$168,088	$2,910
2019	$118,148	$114,205	$165,176	$3,943
2018	$132,477	$131,083	$161,233	$1,394