TEAM 402

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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

2021

Legal Domicile

Principal Officer

KEVIN MARTIN

Phone

4025255568

Tax Period

2024-07-01 to 2025-06-30

TEAM 402, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

CHARITABLE EDUCATIONAL ORGANIZATION WHOSE FOCUS IS TO FOSTER REGIONAL, NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION.

Program Service Accomplishments

Program 1

ESTABLISHMENT AND MANAGEMENT OF YOUTH SPORTS TEAMS, PROTECT YOUTH ATHLETES AND THEIR FAMILIES FROM EXPLOITATION, PROVIDE ACCESS TO THE BEST FACILITIES AND COACHES FOR ALL ATHLETES AT ALL LEVELS, SO THAT AN ATHLETE'S WORK ETHIC ALONE DETERMINES WHERE S/HE REACHES THEIR FULL POTENTIAL AND PROMOTE THE EDUCATIONAL VALUE OF YOUTH SPORTS BY CONNECTING LESSONS IN COMPETITION, SPORTSMANSHIP, TEAMWORK, RESILIENCE, CONFIDENCE AND ACCOUNTABILITY TO ATHLETIC SUCCESS.

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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 $627,185

Program Service Revenue $792,381

Investment Income $13,281

Other Revenue $181,531

TOTAL REVENUE $1,614,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,225

Fundraising Expenses $0

Program Expenses $1,870,935

Other Expenses $1,276,904

TOTAL EXPENSES $1,939,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,614,378	$1,365,238	+0.2%
Expenses	$1,939,129	$801,478	+1.4%
Net Income	$-324,751	$563,760	-1.6%

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

100

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

$85,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA MARTIN	SECRETARY	40.00	Director	$85,000	$0	$85,000
DAKOTA JUDDS	TREASURER	10.00	Director	$0	$0	$0
KEVIN MARTIN	EXECUTIVE DI	12.00	Director	$0	$0	$0
TRACY CHRISTIANSON	VICE PRESIDE	N/A	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	$1,614,378	$1,939,129	$397,330	$-324,751
2024	$1,365,238	$801,478	$705,284	$563,760
2023	$343,116	$270,397	$130,988	$72,719
2022	$273,534	$219,334	$57,674	$54,200