Glendover Community Basketball Lea… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

Mickey Head

Phone

8594947359

Tax Period

2024-05-01 to 2025-04-30

Glendover Community Basketball League Inc, founded in 2019, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $234K exceeded revenue, resulting in a 11% operating deficit.

Mission

Teaching basketball skills, exercise and sportsmanship to community youth.

Program Service Accomplishments

Program 1

Expenses: $31,486 Revenue: $70,576

Glendover Community Basketball League teaches basketball, sportsmanship and exercise to community youth between kindergarten and 12th grade. The league utilizes clinics, practices, and games in...

Glendover Community Basketball League teaches basketball, sportsmanship and exercise to community youth between kindergarten and 12th grade. The league utilizes clinics, practices, and games in multiple facilities in the Lexington, Kentucky area. The league serve about 1,300 youth this past year.

Program 2

Expenses: $28,491 Revenue: $70,576

Procuring gyms for basketball practices and games.

Program 3

Expenses: $126,863 Revenue: $70,576

Paying score keepers, officials and gym monitors.

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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 $3,000

Program Service Revenue $208,728

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,638

Fundraising Expenses $0

Program Expenses $186,840

Other Expenses $186,840

TOTAL EXPENSES $234,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,728	$242,585	-0.1%
Expenses	$234,478	$212,160	+0.1%
Net Income	$-22,750	$30,425	-1.7%

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

N/A

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

$37,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Francis Head III	Chairman	40	Officer	$37,000	$0	$37,000
Todd Hamill	Vice Chairman	1	Officer	$0	$0	$0
Ross Stinetorf	Secretary	1	Officer	$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	$211,728	$234,478	$9,112	$-22,750
2024	$242,585	$212,160	$31,862	$30,425

Glendover Community Basketball League Inc