TOWELS 4 TEAMS INC

EIN: 871405002 501(c)(3)

NEWPORT BEACH, CA

Total Revenue
$500
Total Expenses
$4,654
Total Assets
N/A
Net Assets
N/A
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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
Phone
9499453319
Tax Period
2022-01-01 to 2022-12-31

TOWELS 4 TEAMS INC, founded in 2021, is a micro nonprofit that reported $500 in total revenue in fiscal year 2022. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 831% operating deficit.

Mission

TO RAISE FUNDS FOR DONATION TO YOUTH BASEBALL PROGRAMS IN MEXICO.

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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 (2022)

Revenue Breakdown

Contributions & Grants $500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $500

Expense Breakdown

Grants Paid $1,908
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,654
Other Expenses $2,746
TOTAL EXPENSES $4,654

Year-over-Year Comparison

2022 2021 Change
Revenue $500 $4,603 -0.9%
Expenses $4,654 $449 +9.4%
Net Income $-4,154 $4,154 -2.0%
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
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER CARTER President 1.00
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
2022 $500 $4,654 No data $-4,154
2022 $500 $4,654 No data $-4,154
2021 $4,603 $449 $4,155 $4,154
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