CHALLENGE ELITE INC

EIN: 821272467 501(c)(3) Recreation & Sports

FRIENDSWOOD, TX

Total Revenue
$228,502
Total Expenses
$235,138
Total Assets
$153,208
Net Assets
$150,708
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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
TX
Principal Officer
DAVID M MAI
Phone
8322121898
Tax Period
2021-01-01 to 2021-12-31

CHALLENGE ELITE INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $229K in total revenue in fiscal year 2021. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

DEVELOPING YOUTH, HIGH SCHOOL VOLLEYBALL AND SOCCER PLAYERS WHILE ALSO TEACHING PLAYERS TO BE GOOD CITIZENS AND ATHLETES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $300
Program Service Revenue $221,952
Investment Income $0
Other Revenue $6,250
TOTAL REVENUE $228,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,997
Fundraising Expenses $0
Program Expenses $111,738
Other Expenses $196,141
TOTAL EXPENSES $235,138

Year-over-Year Comparison

2021 2020 Change
Revenue $228,502 $151,207 +0.5%
Expenses $235,138 $164,219 +0.4%
Net Income $-6,636 $-13,012 -0.5%
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
4
Independent Members
4
Employees
1
Volunteers
4

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
3
$36,000
Total Directors
6
$36,000
Key Employees
1
$36,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MAI DIRECTOR & PRESIDENT 30.00
Officer Director Key Emp
$36,000 $0 $36,000
PHUONG HENRY DIRECTOR & SECRETARY 10.00
Officer Director
$0 $0 $0
ANDREW MAI VP & TREASURER 2.00
Director
$0 $0 $0
GINA MAI DIRECTOR 5.00
Officer Director
$0 $0 $0
FREDDIE LEE DINGFELDER DIRECTOR 1.00
Director
$0 $0 $0
LOC LE DIRECTOR 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
2021 $228,502 $235,138 $153,208 $-6,636
2019 $228,814 $149,459 $175,405 $79,355
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