TEAM 402

EIN: 851216952 501(c)(3) Recreation & Sports

LINCOLN, NE

Total Revenue
$1,365,238
Total Expenses
$801,478
Total Assets
$705,284
Net Assets
$690,679
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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
NE
Principal Officer
KEVIN MARTIN
Phone
4025255568
Tax Period
2023-07-01 to 2024-06-30

TEAM 402, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 298% from the prior year, signaling strong growth momentum. The organization ran a surplus of $564K, a strong 41% operating margin.

Mission

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

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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 $17,516
Program Service Revenue $1,337,731
Investment Income $4,649
Other Revenue $5,342
TOTAL REVENUE $1,365,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $289,718
Fundraising Expenses $0
Program Expenses $771,706
Other Expenses $511,760
TOTAL EXPENSES $801,478

Year-over-Year Comparison

2023 2022 Change
Revenue $1,365,238 $343,116 +3.0%
Expenses $801,478 $270,397 +2.0%
Net Income $563,760 $72,719 +6.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
15
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
1
$0
Total Directors
3
$85,000
Key Employees
0
$0
Highest Compensated
0
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 3.00
Director
$0 $0 $0
KEVIN MARTIN EXECUTIVE DI 20.00
Director
$0 $0 $0
TRACY CHRISTIANSON VICE PRESIDE 1.00
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
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
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