TEAM ELEVATE 7ON7 (EIN 831428973) - 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

2018

Legal Domicile

Principal Officer

VINCE CARTER

Phone

2096415497

Tax Period

2024-01-01 to 2024-12-31

TEAM ELEVATE 7ON7, founded in 2018, is a small nonprofit in the Youth Development sector that reported $148K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO HELP THE UNDER PRIVILEGED KIDS OF OUR COMMUNITY THROUGH SPORTS, EDUCATION, AND LEADERSHIP, WHILE PROVIDING A WAY TO TRAVEL TO SEE THERE IS MORE OUT THERE IN LIFE THAN WHAT THEY SEE EVERYDAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $147,613

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $147,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,389

Fundraising Expenses $500

Program Expenses $167,452

Other Expenses $125,808

TOTAL EXPENSES $189,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,613	$225,271	-0.3%
Expenses	$189,197	$177,000	+0.1%
Net Income	$-41,584	$48,271	-1.9%

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

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
VINCE CARTER	PRESIDENT	15	Director	$0	$0	$0
MARINA CARTER	Secretary/Treasurer	15	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
2024	$147,613	$189,197	$6,687	$-41,584
2023	$225,271	$177,000	$48,271	$48,271

TEAM ELEVATE 7ON7