TEAM ACROTEX SCHOLARSHIP AND TRAIN… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

MICHELLE HARDEMAN

Phone

5124265493

Tax Period

2021-07-01 to 2022-06-30

TEAM ACROTEX SCHOLARSHIP AND TRAINING FUND, founded in 2000, is a micro nonprofit in the Recreation & Sports sector that reported $95K in total revenue in fiscal year 2021. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $84K left a modest 11% surplus.

Mission

TO TRAIN AMATEUR ATHLETES IN THE SPORT OF GYMNASTICS AND TO ASSIST THESE INDIVIDUALS IN COMPETING IN LOCAL, STATE, REGIONAL, AND NATIONAL GYMNASTIC COMPETITIONS.

Program Service Accomplishments

Program 1

Expenses: $83,000 Revenue: $16,553

MEET FEES, TRAINING COSTS, AND TRAVEL EXPENSES TO GYMNASTIC COMPETITIONS IN ORDER FOR ACRO AND ARTISTIC GYMNASTS TO COMPETE. THESE EXPENSES INCLUDE MEET ENTRY FEES TO VARIOUS COMPETITIONS...

MEET FEES, TRAINING COSTS, AND TRAVEL EXPENSES TO GYMNASTIC COMPETITIONS IN ORDER FOR ACRO AND ARTISTIC GYMNASTS TO COMPETE. THESE EXPENSES INCLUDE MEET ENTRY FEES TO VARIOUS COMPETITIONS, INDEPENDENT CONTRACT PAYMENTS FOR COACHES, MILEAGE, HOTEL, AND PER DIEM EXPENSES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $78,293

Program Service Revenue $16,553

Investment Income $0

Other Revenue $0

TOTAL REVENUE $94,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,000

Other Expenses $84,113

TOTAL EXPENSES $84,113

Year-over-Year Comparison

	2021	2020	Change
Revenue	$94,846	$55,026	+0.7%
Expenses	$84,113	$61,077	+0.4%
Net Income	$10,733	$-6,051	-2.8%

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
LISA CUMMINGS	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
MICHELLE HARDEMAN	TREASURER	4.00	Officer Director	$0	$0	$0
MELISSA HERNANDEZ	SERGEANT AT	2.00	Officer Director	$0	$0	$0
KELLY PERKINS	PRESIDENT	4.00	Officer Director	$0	$0	$0
GENNY PHILLIPS	SECRETARY	1.00	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
2022	$94,846	$84,113	$41,012	$10,733
2021	$55,026	$61,077	$30,279	$-6,051
2020	$76,779	$62,573	$36,330	$14,206
2019	$44,641	$54,421	$22,124	$-9,780

TEAM ACROTEX SCHOLARSHIP AND TRAINING FUND