TEAM ELEVATE 7ON7

EIN: 831428973 501(c)(3) Youth Development

MODESTO, CA

Total Revenue
$147,613
Total Expenses
$189,197
Total Assets
$6,687
Net Assets
$6,687
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
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 UNDERPRIVILEGED YOUTH IN OUR COMMUNITY THROUGH SPORTS, EDUCATION, AND LEADERSHIP DEVELOPMENT, WHILE PROVIDING OPPORTUNITIES TO TRAVEL AND EXPLORE LIFE BEYOND THEIR DAILY ENVIRONMENT, EXPANDING THEIR VISION FOR THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $167,452 Revenue: $142,876

Our program reaches from 160 to over 300 youths in our community. We currently have six divisions of athletes participating in our program. There are currently 26-27 youth in each division. Teams...

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Our program reaches from 160 to over 300 youths in our community. We currently have six divisions of athletes participating in our program. There are currently 26-27 youth in each division. Teams meet three times a week and once on the weekend if they are not playing in a tournament that weekend. We play a guaranteed 12-14 tournaments per division (6 divisions total). We do two annual San Francisco training camps. Here we take the kids to Baker Beach and do a workout in the sand. Then, we go up the street to Lyons Steps and the famous Jerry Rice Hill to train. The Strength & Conditioning part of the program enables sponsored kids to attend Elevate's after-school program. This provides them with sports strength and agility conditioning/sport-specific training. Usually, athletes come to these four to five times a week, and during summer, some do twice a day.

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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 (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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
15

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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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