JMJ 21 ELITE BASKETBALL CLUB &MJ S… - 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

2016

Legal Domicile

Principal Officer

MIHAILO JOVANOVIC

Phone

5594776436

Tax Period

2022-01-01 to 2022-12-31

JMJ 21 ELITE BASKETBALL CLUB &MJ SOCCER CLUB, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $234K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

OUR GOAL IS FOCUS ON SUPPORTING UNDERPRVILEGED YOUTH THROUGH PERSONAL GROWTH AND SKILL DEVELOPMENT WHICH EMPHASIZES ON SELF-IMPROVEMENT THROUGH TRAINING AND MENTORSHIP

Program Service Accomplishments

Program 1

Expenses: $81,764 Revenue: $233,646

1.FIREWORK FUNDRAISING STAND EVENT FOR THE 4TH OF JULY INDEPENDENCE HOLIDAY.ORGANIZATION OF THE EVENT FOR THE BENEFIT OF RAISING FUNDS FOR THE KIDS IN OUR PROGRAM, ADVERTISING AND SERVING COMMUNITY.

Program 2

Expenses: $53,169 Revenue: $233,646

2. BASKETBALL TOURNAMENT FEES AND TRAVEL EXPENSES FOR TOURNAMENTS IN THE COMMUNITY, ORLANDO,NEW YORK AND INDIANA.

Program 3

Expenses: $0 Revenue: $233,646

n/a

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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 (2022)

Revenue Breakdown

Contributions & Grants $233,642

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $233,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,622

Fundraising Expenses $0

Program Expenses $134,933

Other Expenses $215,984

TOTAL EXPENSES $242,606

Year-over-Year Comparison

	2022	2021	Change
Revenue	$233,646	$197,484	+0.2%
Expenses	$242,606	$182,169	+0.3%
Net Income	$-8,960	$15,315	-1.6%

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

$26,622

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERMAINE JONES	PRESIDENT/CEO	30	Director	$15,973	$0	$15,973
MIHAILO JOVANOVIC	TREASURER/CFO	10	Director	$10,649	$0	$10,649

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	$233,646	$242,606	$31,678	$-8,960

JMJ 21 ELITE BASKETBALL CLUB &MJ SOCCER CLUB