HV3 FOUNDATION (EIN 831779871) - 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

HAROLD VARNER III

Phone

7043136200

Tax Period

2024-01-01 to 2024-12-31

HV3 FOUNDATION, founded in 2018, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $355K, a strong 28% operating margin.

Mission

YOUTH SPORTS AND AFTER-SCHOOL PROGRAMS ARE BECOMING LESS AFFORDABLE. THE MISSION OF THE HV3 FOUNDATION IS TO INCREASE ACCESS AND INCLUSION FOR ALL YOUTH IN SPORTS THROUGH EDUCATION, ADVOCACY, AND SPORT PROGRAMS, BY SUBSIDIZING AND/OR OPERATING SUCH PROGRAMS FOR INDIVIDUALS WHO CANNOT AFFORD THEM.

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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 $1,128,408

Program Service Revenue $26,922

Investment Income $98,925

Other Revenue $0

TOTAL REVENUE $1,254,255

Expense Breakdown

Grants Paid $375,809

Salaries & Benefits $125,463

Fundraising Expenses $169,125

Program Expenses $426,463

Other Expenses $398,456

TOTAL EXPENSES $899,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,254,255	$1,180,931	+0.1%
Expenses	$899,728	$968,989	-0.1%
Net Income	$354,527	$211,942	+0.7%

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

N/A

Employees

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	Role	Reportable Comp	Other Comp	Total
HAROLD VARNER III	President	Director	$0	$0	$0
ERNIE TEAGUE	Director	Director	$0	$0	$0
ALLYSON FUNK	Director	Director	$0	$0	$0
DAVID MCMAHAN	Director	Director	$0	$0	$0
MATT TROKA	Director	Director	$0	$0	$0
ADAM GLASSNER	Director	Director	$0	$0	$0
BEN CALLON	Director	Director	$0	$0	$0
CHARLIE GANIM	Director	Director	$0	$0	$0
SEAN SMITH	Director	Director	$0	$0	$0
RENALDO JARRELL	Director	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	$1,254,255	$899,728	$1,763,225	$354,527
2023	$1,180,931	$968,989	$1,410,213	$211,942
2022	$1,392,092	$781,781	$1,197,296	$610,311
2021	$764,482	$207,614	$587,743	$556,868

HV3 FOUNDATION