Texas Tar Heels Basketball Academy Inc

EIN: 843211296 501(c)(3) Recreation & Sports

Lewisville, TX

Total Revenue
$395,107
Total Expenses
$415,158
Total Assets
$51,181
Net Assets
$17,031
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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
TX
Principal Officer
Nathan Brewer
Phone
6317216171
Tax Period
2023-01-01 to 2023-12-31

Texas Tar Heels Basketball Academy Inc, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $395K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Program Service Accomplishments

Program 1
Expenses: $381,569 Revenue: $384,337

There are different teams depending on the age, of boys 5 to 18. There are over 200 children with 9 coaches in a year round program. After registering, players will undergo a placement tryout in...

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There are different teams depending on the age, of boys 5 to 18. There are over 200 children with 9 coaches in a year round program. After registering, players will undergo a placement tryout in order to be placed on a team matching their skill set and age. Practices and Recreational games will be held twice a week, and tournaments will occur five times in a weekend.

Program 2
Expenses: $3,448 Revenue: $0

Texas Tar Heels Academy will market and advertise the organization through their website, Social Media, and word of mouth. They will also advertise through posting signs at local gyms and schools.

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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 (2023)

Revenue Breakdown

Contributions & Grants $395,107
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $395,107

Expense Breakdown

Grants Paid $0
Salaries & Benefits $92,804
Fundraising Expenses $0
Program Expenses $385,017
Other Expenses $322,354
TOTAL EXPENSES $415,158

Year-over-Year Comparison

2023 2022 Change
Revenue $395,107 $354,317 +0.1%
Expenses $415,158 $343,405 +0.2%
Net Income $-20,051 $10,912 -2.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
5
Employees
1
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
2
$81,250
Total Directors
6
$81,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nathan Brewer President 40.00
Officer Director
$52,083 $0 $52,083
Sharon H Brewer Secretary 20.00
Officer Director
$29,167 $0 $29,167
Sophia Brown Board Member 5.00
Director
$0 $0 $0
Kevin Freeman Board Member 5.00
Director
$0 $0 $0
David Green Board Member 5.00
Director
$0 $0 $0
Greg Santos Board Member 5.00
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
2023 $395,107 $415,158 $51,181 $-20,051
2022 $354,317 $343,405 $60,969 $10,912
2021 $350,622 $379,389 $61,936 $-28,767
2020 $255,698 $241,335 $58,257 $14,363
2019 $264,367 $220,473 $43,894 $43,894
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