HV3 FOUNDATION

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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

3306347814

Tax Period

2025-01-01 to 2025-12-31

HV3 FOUNDATION, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $756K in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 35% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $542,001 Revenue: $144

WORK WITH SPORTS PROGRAMS TO GRANT YOUTH ACCESS TO SPORTS; DEVELOP AND PROMOTE YOUTH ACCESS TO SPORT CAMPS AND AFTER-SCHOOL PROGRAMS; DISTRIBUTE FUNDS TO VARIOUS ORGANIZATIONS PROMOTING YOUTH SPORTS...

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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 (2025)

Revenue Breakdown

Contributions & Grants $630,204

Program Service Revenue $144

Investment Income $125,710

Other Revenue $0

TOTAL REVENUE $756,058

Expense Breakdown

Grants Paid $488,522

Salaries & Benefits $79,363

Fundraising Expenses $180,974

Program Expenses $542,001

Other Expenses $456,128

TOTAL EXPENSES $1,024,013

Year-over-Year Comparison

	2025	2024	Change
Revenue	$756,058	$1,254,255	-0.4%
Expenses	$1,024,013	$899,728	+0.1%
Net Income	$-267,955	$354,527	-1.8%

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	Chairman	Director	$0	$0	$0
ADAM GLASSNER	Director	Director	$0	$0	$0
BEN CALLON	Director	Director	$0	$0	$0
MATT TROKA	Director	Director	$0	$0	$0
SEAN SMITH	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
2025	$756,058	$1,024,013	$1,421,508	$-267,955
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