Texas Tar Heels Basketball Academy Inc (EIN 843211296) - 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

2019

Legal Domicile

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.

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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 (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

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

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

$81,250

Total Directors

$81,250

Key Employees

Highest Compensated

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

Texas Tar Heels Basketball Academy Inc