THE CUBE BASKETBALL 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

2021

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $245,064 Revenue: $295,191

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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 $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

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
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