BALLARD ALUMNI ASSOCIATION INC

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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

BILL PRECIOUS

Phone

5024858206

Tax Period

2024-01-01 to 2024-12-31

BALLARD ALUMNI ASSOCIATION INC, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $109K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $139K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE CORPORATION IS IRREVOCABLY DEDICATED TO AND IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE CORPORATION RECEIVES CONTRIBUTIONS AND GIFTS, AND DISTRIBUTES ITS FUNDS FOR PUBLIC, CHARITABLE, AND/OR EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $105,000 Revenue: $0

DURING THE YEAR, WE UNDERTOOK A SIGNIFICANT PROJECT TO ENHANCE THE AMENITIES AT OUR FIELD HOCKEY COMPLEX. THIS INCLUDED THE SUCCESSFUL COMPLETION OF THE BALLARD FIELD HOCKEY FIELDHOUSE. THE NEW...

DURING THE YEAR, WE UNDERTOOK A SIGNIFICANT PROJECT TO ENHANCE THE AMENITIES AT OUR FIELD HOCKEY COMPLEX. THIS INCLUDED THE SUCCESSFUL COMPLETION OF THE BALLARD FIELD HOCKEY FIELDHOUSE. THE NEW FACILITY IMPROVES THE EXPERIENCE FOR PLAYERS AND SPECTATORS BY PROVIDING ESSENTIAL AMENITIES, INCLUDING RESTROOMS AND OTHER INFRASTRUCTURE TO SUPPORT THE ONGOING USE AND DEVELOPMENT OF THE COMPLEX.

Program 2

Expenses: $24,411 Revenue: $0

DURING THE YEAR, WE ALSO CONTRIBUTED TO ENHANCING TEACHER AND STUDENT CONNECTIVITY, SUPPORTING INITIATIVES THAT STRENGTHEN EDUCATIONAL ENGAGEMENT. IN ADDITION, WE PROVIDED FINANCIAL ASSISTANCE FOR...

DURING THE YEAR, WE ALSO CONTRIBUTED TO ENHANCING TEACHER AND STUDENT CONNECTIVITY, SUPPORTING INITIATIVES THAT STRENGTHEN EDUCATIONAL ENGAGEMENT. IN ADDITION, WE PROVIDED FINANCIAL ASSISTANCE FOR TARGETED NEEDS, INCLUDING FUNDING FOR LUNCH AND LEARN PROGRAMS, THE INSTALLATION OF NEW SIGNAGE FOR BOTH ATHLETIC AND EDUCATIONAL PURPOSES, AND OTHER MISCELLANEOUS PROJECTS THAT SUPPORT OUR MISSION.

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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 $11,251

Program Service Revenue $0

Investment Income $0

Other Revenue $97,707

TOTAL REVENUE $108,958

Expense Breakdown

Grants Paid $113,556

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,411

Other Expenses $25,728

TOTAL EXPENSES $139,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,958	$390,049	-0.7%
Expenses	$139,284	$73,594	+0.9%
Net Income	$-30,326	$316,455	-1.1%

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
BILL PRECIOUS	PRESIDENT	4	Officer Director	$0	$0	$0
JUSTIN MORRIS	VICE PRESIDENT	2	Officer Director	$0	$0	$0
CODY WALTRIP	TREASURER	4	Officer Director	$0	$0	$0
MICHAEL FARLEY	SECRETARY	2	Officer Director	$0	$0	$0
CLARK WATTS	TREASURER (PARTIAL YEAR)	4	Officer Director	$0	$0	$0
ANTHONY WAITS	SECRETARY (PARTIAL YEAR)	2	Officer Director	$0	$0	$0
CHRIS WALKER	DIRECTOR	2	Director	$0	$0	$0
CAROLINE ROBINSON	DIRECTOR	2	Director	$0	$0	$0
GRACIE SOUTH	DIRECTOR	2	Director	$0	$0	$0
JESSICA BLEDSOE	DIRECTOR	2	Director	$0	$0	$0
KIM PAPPAS	DIRECTOR	2	Director	$0	$0	$0
BRITTANY WILT	DIRECTOR	2	Director	$0	$0	$0
TONY MINTEER	DIRECTOR	2	Director	$0	$0	$0
KASIE JACKSON	DIRECTOR	2	Director	$0	$0	$0
LINDA FRY MULLOY	DIRECTOR (PARTIAL YEAR)	2	Director	$0	$0	$0
REBEKKAH MULLOY	DIRECTOR (PARTIAL YEAR)	2	Director	$0	$0	$0
BOBBY SCHIAVONE	DIRECTOR (PARTIAL YEAR)	2	Director	$0	$0	$0
GREG SMITH	DIRECTOR (PARTIAL YEAR)	2	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	$108,958	$139,284	$480,600	$-30,326
2023	$390,049	$73,594	$510,926	$316,455
2021	$709,328	$907,573	$190,978	$-198,245
2020	$369,697	$22,210	$389,223	$347,487