STATE FUNDING DEVILS DBA SOL DEVILS

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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

2017

Legal Domicile

Principal Officer

MICHAEL J OLSEN

Phone

4802160707

Tax Period

2023-01-01 to 2023-12-31

STATE FUNDING DEVILS DBA SOL DEVILS, founded in 2017, is a micro nonprofit in the Recreation & Sports sector that reported $75K in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 68% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT ARIZONA STATE UNIVERSITY SUN DEVILS' STUDENT ATHLETIC PROGRAMS THROUGH GRANTS AND RAISING AWARENESS OF THE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $14,700

THE ORGANIZATION HOSTS ONE EVENT DESIGNED TO RAISE (I) AWARENESS OF THE ARIZONA STATE UNIVERSITY ATHLETIC PROGRAMS, AND (II) FUNDS FOR STUDENT SCHOLARSHIPS AND PROGRAMS, ARE: THE BEST TAILGATE IN...

THE ORGANIZATION HOSTS ONE EVENT DESIGNED TO RAISE (I) AWARENESS OF THE ARIZONA STATE UNIVERSITY ATHLETIC PROGRAMS, AND (II) FUNDS FOR STUDENT SCHOLARSHIPS AND PROGRAMS, ARE: THE BEST TAILGATE IN COLLEGE FOOTBALL. PROCEEDS FROM SOLICITATIONS FROM THE GENERAL PUBLIC IN ITS LONE FUNDRAISING EVENTS, MEMBERSHIP DUES, AND POTENTIAL FOUNDATION GRANTS FUND GRANTS TO ARIZONA STATE UNIVERSITY OR TO 501(C)(3) PUBLIC CHARITY ORGANIZATIONS SUPPORTING STUDENT ATHLETICS AT ARIZONA STATE UNIVERSITY. THE OFFICERS, DIRECTORS, AND VOLUNTEERS OF THE ORGANIZATION WILL CARRY OUT THE ACTIVITIES OF THE ORGANIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $75,298

TOTAL REVENUE $75,298

Expense Breakdown

Grants Paid $14,700

Salaries & Benefits $0

Fundraising Expenses $346

Program Expenses $14,700

Other Expenses $9,636

TOTAL EXPENSES $24,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,298	$31,074	+1.4%
Expenses	$24,336	$44,247	-0.4%
Net Income	$50,962	$-13,173	-4.9%

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
MICHAEL J OLSEN	PRESIDENT	1.00	Director	$0	$0	$0
CHAD GOSAR	VICE PRESIDENT	1.00	Director	$0	$0	$0
BRENT MOSER	VICE PRESIDENT	1.00	Director	$0	$0	$0
BRIAN FRIEDMAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
KEATON MERRELL	VICE PRESIDENT	1.00	Director	$0	$0	$0
SCOTT HOLLAND	VICE PRESIDENT	1.00	Director	$0	$0	$0
ROBERT N BRIAR	VICE PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL J DIDOMENICO	VICE PRESIDENT	1.00	Director	$0	$0	$0
JEFF BURG	VICE PRESIDENT	1.00	Director	$0	$0	$0
ARMAND SLASON	TREASURER	1.00	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
2023	$75,298	$24,336	$338,404	$50,962
2022	$31,074	$44,247	$37,443	$-13,173