KNIGHTS TRAVEL BASKETBALL

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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

2020

Legal Domicile

Principal Officer

MATT MCDONOUGH

Phone

6309324880

Tax Period

2024-01-01 to 2024-12-31

KNIGHTS TRAVEL BASKETBALL, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $245K in total revenue in fiscal year 2024. The organization ran a surplus of $53K, a strong 22% operating margin.

Mission

PROVIDE HIGH QUALITY EDUCATIONAL AND ATHLETIC EXPERIENCE FOR EACH ATHLETE INCLUDING OPPORTUNITIES TO: LEARN AND ACHIEVE IN A POSITIVE COACHING ENVIRONMENT; CONTRIBUTE MEANINGFULLY AS A VALUABLE MEMBER OF THE TEAM; LEARN LIFE LESSONS THAT WILL HAVE VALUE BEYOND THE PLAYING ARENA; DEVELOP FUNDAMENTAL SKILLS AND LEARN EFFECTIVE GAME STRATEGIES; HAVE FUN PLAYING THE GAME.

Program Service Accomplishments

Program 1

Expenses: $186,187

KNIGHTS TRAVEL BASKETBALL (KTB) IS A COMPETITIVE YOUTH BASKETBALL PROGRAM OPEN TO BOYS AND GIRLS IN THE AGE RANGE OF 7-14 YEARS OLD, OR GRADES 3-8. KTB IS PART OF THE DUPAGE LEAGUE WITH A SEASON...

KNIGHTS TRAVEL BASKETBALL (KTB) IS A COMPETITIVE YOUTH BASKETBALL PROGRAM OPEN TO BOYS AND GIRLS IN THE AGE RANGE OF 7-14 YEARS OLD, OR GRADES 3-8. KTB IS PART OF THE DUPAGE LEAGUE WITH A SEASON RUNNING FROM MID-OCTOBER TO THE END OF FEBRUARY/EARLY MARCH. KTB HAS 22 TEAMS: FOR BOYS GRADES 3-8, THERE ARE 2 TEAMS EACH, LEVEL A & B. FOR GIRLS GRADES 4-8, THERE ARE 2 TEAMS EACH, LEVEL A & B. THESE TEAMS PLAY OTHER YOUTH BASKETBALL TEAMS WITHIN THE DUPAGE LEAGUE ON WEEKENDS. KTB TEAMS MAY ALSO JOIN TOURNAMENTS THAT ARE ORGANIZED BY OTHER YOUTH BASKETBALL PROGRAMS THAT COME TO THE CHICAGOLAND AREA. KTB STRIVES TO HAVE EACH TEAM PLAY 20 UP TO AS MANY AS 35 GAMES EACH SEASON DEPENDING ON AGE AND GRADE LEVEL. THIS IS KTB'S OBJECTIVE FOR 2023 AND BEYOND. KTB PLANS FOR 200-250 YOUTH PARTICIPANTS.

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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 $0

Program Service Revenue $244,620

Investment Income $7

Other Revenue $473

TOTAL REVENUE $245,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,187

Other Expenses $191,652

TOTAL EXPENSES $191,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,100	N/A	N/A
Expenses	$191,652	N/A	N/A
Net Income	$53,448	N/A	N/A

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
MATT MCDONOUGH	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN CARROLL	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN PECK	SECRETARY	1.00	Officer 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	$245,100	$191,652	$187,005	$53,448
2021	$159,521	$143,961	$128,900	$15,560
2020	$174,042	$60,702	$151,336	$113,340