HEAT ATHLETICS INC (EIN 814296742) - 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

2016

Legal Domicile

Principal Officer

SEAN MARS

Phone

2623721358

Tax Period

2021-06-01 to 2022-05-31

HEAT ATHLETICS INC, founded in 2016, is a micro nonprofit that reported $70K in total revenue in fiscal year 2021. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 1941% operating deficit.

Mission

DEVELOP AND NURTURE CHILDREN AGES 4 THROUGH 18 INTO POSITIVE, CARING, STRONG AND CONFIDENT INDIVIDUALS THROUGH PHYSICAL ACTIVITIES AND COACHING IN OUR FACILITY.

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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 $47,860

Program Service Revenue $23,129

Investment Income $0

Other Revenue $-746

TOTAL REVENUE $70,243

Expense Breakdown

Grants Paid $1,321,406

Salaries & Benefits $75,733

Fundraising Expenses $0

Program Expenses $1,407,231

Other Expenses $36,473

TOTAL EXPENSES $1,433,612

Year-over-Year Comparison

	2021	2020	Change
Revenue	$70,243	$495,080	-0.9%
Expenses	$1,433,612	$427,602	+2.4%
Net Income	$-1,363,369	$67,478	-21.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN MARS	PRESIDENT	32.00	Officer Director	$0	$0	$0
BRANDI MARS	VICE PRESIDENT & SECRETARY	15.00	Officer Director	$0	$0	$0
DENNIS AXELSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BILLINGS	DIRECTOR (BEG. OCTOBER)	1.00	Director	$0	$0	$0
JAMES DAILEY	DIRECTOR	0.10	Director	$0	$0	$0
TOM TROSSEN	DIRECTOR (THRU AUGUST)	0.10	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	$70,243	$1,433,612	No data	$-1,363,369
2021	$495,080	$427,602	$1,657,245	$67,478
2020	$519,864	$491,658	$1,609,767	$28,206
2019	$459,017	$452,991	$1,535,300	$6,026
2018	$518,627	$553,916	$1,528,086	$-35,289
2017	$1,844,160	$282,726	$1,562,383	$1,561,434

HEAT ATHLETICS INC