THE SOUTHWEST SPORTS FOUNDATION

EIN: 742905179 501(c)(3) Recreation & Sports

GEORGETOWN, TX

Total Revenue
$82,662
Total Expenses
$129,802
Total Assets
$189,095
Net Assets
$188,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
JAMES ELLISON
Phone
5124131860
Tax Period
2024-01-01 to 2024-12-31

THE SOUTHWEST SPORTS FOUNDATION, founded in 1999, is a micro nonprofit in the Recreation & Sports sector that reported $83K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE ORGANIZATION OPERATES AN ATHLETIC PROGRAM FOR YOUTH 14-18 THAT PROMOTES LEADERSHIP, SPORTMANSHIP, ETHICS; PREPARES YOUTH FOR COLLEGE SCHOLARSHIPS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $44,927
Program Service Revenue $0
Investment Income $0
Other Revenue $37,735
TOTAL REVENUE $82,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,213
Fundraising Expenses $0
Program Expenses $111,969
Other Expenses $84,589
TOTAL EXPENSES $129,802

Year-over-Year Comparison

2024 2023 Change
Revenue $82,662 $192,416 -0.6%
Expenses $129,802 $227,261 -0.4%
Net Income $-47,140 $-34,845 +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

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Governance

Voting Members
8
Independent Members
6
Employees
1
Volunteers
9

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
1
$42,000
Total Directors
7
$0
Key Employees
1
$42,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ELLISON PRESIDENT 40.00
Officer Key Emp
$42,000 $0 $42,000
BRENT COVERT DIRECTOR 0.00
Director
$0 $0 $0
MICHELE ELLISON DIRECTOR 0.00
Director
$0 $0 $0
DOUGLAS HARTMAN DIRECTOR 0.00
Director
$0 $0 $0
RICHARD BUTCHER DIRECTOR 0.00
Director
$0 $0 $0
GARY WILCOX DIRECTOR 0.00
Director
$0 $0 $0
DANNY MICKAN DIRECTOR 0.00
Director
$0 $0 $0
STEVE BAKER DIRECTOR 0.00
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 $82,662 $129,802 $189,095 $-47,140
2023 $192,416 $227,261 $236,235 $-34,845
2022 $282,097 $307,318 $271,080 $-25,221
2021 $424,982 $403,429 $418,780 $21,553
2020 $362,872 $391,414 $455,321 $-28,542
2019 $484,362 $480,791 $471,363 $3,571
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