THE CUBE BASKETBALL INC

EIN: 873825487 501(c)(3)

ROSLYN HARBOR, NY

Total Revenue
$295,191
Total Expenses
$245,064
Total Assets
$87,919
Net Assets
$79,997
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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
NY
Principal Officer
CRAIG LITT
Phone
2129478639
Tax Period
2024-01-01 to 2024-12-31

THE CUBE BASKETBALL INC, founded in 2021, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 17% operating margin.

Mission

TO GIVE THE YOUTH IN SURROUNDING COMMUNITIES THE OPPORTUNITY TO ENJOY BASKETBALL IN A COMPETITIVE ENVIROMENT AND IMPART TO THEM SPORTSMANSHIP, COMMUNITY AWARENESS AND SERVICE. HELP TO CULTIVATE THEIR DEVELOPMENT AS PRODUCTIVE MEMBERS OF SOCIETY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $295,191
Investment Income $0
Other Revenue $0
TOTAL REVENUE $295,191

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $245,064
Other Expenses $245,064
TOTAL EXPENSES $245,064

Year-over-Year Comparison

2024 2023 Change
Revenue $295,191 $185,920 +0.6%
Expenses $245,064 $168,841 +0.5%
Net Income $50,127 $17,079 +1.9%
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
3
Independent Members
3
Employees
N/A
Volunteers
40

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG LITT PRESIDENT 10.00
Officer Director
$0 $0 $0
SEVERIO FORD DIRECTOR 5.00
Director
$0 $0 $0
RON DEVEREAUX TREASURER 5.00
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
2025 No data No data No data No data
2024 $295,191 $245,064 $87,919 $50,127
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