CLASSIC BASKETBALL INC (EIN 650243879) - 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

1991

Legal Domicile

Principal Officer

BRAD A SHIPLEY

Phone

2396719347

Tax Period

2024-04-01 to 2025-03-31

CLASSIC BASKETBALL INC, founded in 1991, is a small nonprofit in the Recreation & Sports sector that reported $534K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

ORGANIZE, OPERATE AND PROMOTE THE CITY OF PALMS CLASSIC BOY'S HIGH SCHOOL BASKETBALL TOURNAMENT

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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 $22,000

Program Service Revenue $502,680

Investment Income $9,811

Other Revenue $0

TOTAL REVENUE $534,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,908

Fundraising Expenses $0

Program Expenses $415,168

Other Expenses $519,771

TOTAL EXPENSES $581,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$534,491	$652,951	-0.2%
Expenses	$581,679	$508,552	+0.1%
Net Income	$-47,188	$144,399	-1.3%

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

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

$92,063

Total Directors

$50,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD E WILKIE JR	VICE PRESIDENT	40.00	Director	$50,091	$0	$50,091
RAY C MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
FRED ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR WHITLEY	SECRETARY	1.00	Director	$0	$0	$0
BRAD SHIPLEY	TREASURER	1.00	Director	$0	$0	$0
JUSTIN MAZZARA	DIRECTOR	1.00	Director	$0	$0	$0
PETE DORAGH	DIRECTOR	1.00	Director	$0	$0	$0
BRENNAN WHITLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN POLLOCK	PRESIDENT	1.00	Director	$0	$0	$0
JENNIFER BASEY	DIRECTOR	1.00	Director	$0	$0	$0
MERRY COFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOE NORTH	DIRECTOR	1.00	Director	$0	$0	$0
MARY SCHAACK	EXECUTIVE DIRECTOR	40.00	Officer	$92,063	$0	$92,063

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
2025	$534,491	$581,679	$302,824	$-47,188
2024	$652,951	$508,552	$350,012	$144,399
2023	$523,163	$506,983	$205,613	$16,180
2022	$433,611	$458,218	$189,433	$-24,607
2021	$16,898	$105,133	$214,040	$-88,235
2020	$423,887	$450,138	$302,275	$-26,251
2020	$16,250	$105,133	$239,643	$-88,883
2019	$424,598	$414,504	$328,526	$10,094
2018	$414,367	$413,089	$318,632	$1,278

CLASSIC BASKETBALL INC