JAM ON IT BASKETBALL ACADEMY INC

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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

1999

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

JAM ON IT BASKETBALL ACADEMY INC, founded in 1999, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2021. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 45% operating margin.

Mission

THE PURPOSE OF JAM ON IT BASKETBALL ACADEMY, INC., IS TO BUILD POSITIVE SELF WORTH, PROMOTE A SENSE OF ACCOMPLISHMENT BY ENGAGING CHILDRENN IN FUN, COMPETITIVE PLAY, AND TO FOSTER THE BELIEF THAT TRYING ONES BEST IS AS IMPORTANT IN SPORTS AS IT IS IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $1,391,170 Revenue: $2,346,195

JAM ON IT HAS SPONSORED OVER 6,300 UNDERPRIVILILEGED YOUTH IN OUR PROGRAMS, WHICH INCLUDE BASKETBALL LESSONS, CAMPS AND CLINICS, AND TRAVELING TEAMS. JAM ON IT HAS SPONSORED AND HELPED SUBSIDIZE OVER 800 VISITING TEAMS TO PARTICIPATE IN OUR LOCAL AND NATIONAL TOURNAMENTS. THESE TOURNAMENTS RANGE FROM NEVADA TO CALIFORNIA TO UTAH TO HAWAII.JAM ON IT HAS SPONSORED AND HELPED SUBSIDIZE OVER 250 YOUTH TRAVELING TO REGIONAL AND NATIONAL TOURNAMENTS, INCLUDING TRANSPORTATION AND LODGING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $179,449

Program Service Revenue $2,346,195

Investment Income $0

Other Revenue $162,438

TOTAL REVENUE $2,688,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,056

Fundraising Expenses $12,462

Program Expenses $1,391,170

Other Expenses $1,348,638

TOTAL EXPENSES $1,473,710

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,688,082	$1,005,547	+1.7%
Expenses	$1,473,710	$1,144,128	+0.3%
Net Income	$1,214,372	$-138,581	-9.8%

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

760

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
MARY MAULTSBY	TRUSTEE	1.00	Director	$0	$0	$0
JOE GURA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WILLIAMS	TRUSTEE	40.00	Director	$0	$0	$0
SHARICE GREEN	TRUSTEE	40.00	Director	$0	$0	$0
MATT WILLIMS JR	CEO	40.00	Officer Director	$0	$0	$0
CLINT WELCH	PRESIDENT	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
2021	$2,688,082	$1,473,710	$1,368,158	$1,214,372
2020	$1,005,547	$1,144,128	$285,668	$-138,581
2019	$3,311,223	$3,571,924	$387,095	$-260,701
2018	$3,149,179	$3,071,462	$629,084	$77,717