505 VOLLEYBALL ACADEMY INC

EIN: 823263631 501(c)(3)

ALBUQUERQUE, NM

Total Revenue
$679,317
Total Expenses
$633,546
Total Assets
$242,663
Net Assets
$-27,684
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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
NM
Phone
5054594924
Tax Period
2019-11-01 to 2020-10-31

505 VOLLEYBALL ACADEMY INC, founded in 2017, is a small nonprofit that reported $679K in total revenue in fiscal year 2019. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $634K left a modest 7% surplus.

Mission

Our mission is to serve as an outreach program to provide access to children and adolescents in the community to participate in competitive club volleyball and establish an atmosphere where all players and family members feel a sense of belonging. And also provide an atmosphere where our student-athletes understand the value of competition, self-esteem, personal growth and physical health and can excel on and off the court. Teaching positive lifelong character traits including sportsmanship, leadership, and cooperation is important to the success of our teams. We believe providing this climate will enhance their abilities and enrich the athletes' overall physical health while playing volleyball in a productive, safe and fun environment.

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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 (2019)

Revenue Breakdown

Contributions & Grants $679,317
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $679,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $13,179
Program Expenses $589,562
Other Expenses $633,546
TOTAL EXPENSES $633,546

Year-over-Year Comparison

2019 2018 Change
Revenue $679,317 $553,687 +0.2%
Expenses $633,546 $638,227 0.0%
Net Income $45,771 $-84,540 -1.5%
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
7
Independent Members
N/A
Employees
N/A
Volunteers
10

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE FOOTE Vice President 15.00
Officer Director
$0 $0 $0
SANDRA ABEYTA-LOPEZ Director 5.00
Director
$0 $0 $0
ALAN GORENZ Director 10.00
Director
$0 $0 $0
SCOTT GRADY Director 15.00
Director
$0 $0 $0
HENRY SANDOVAL Director 15.00
Director
$0 $0 $0
KEVIN BANKS Director 15.00
Director
$0 $0 $0
CHAD MCKINNEY President 15.00
Officer 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
2020 $679,317 $633,546 $242,663 $45,771
2019 $553,687 $638,227 $60,265 $-84,540
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