AASB ELITE BASKETBALL INC

EIN: 873945357 501(c)(3) Recreation & Sports

PHOENIX, AZ

Total Revenue
$521,046
Total Expenses
$497,508
Total Assets
$47,370
Net Assets
$34,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AZ
Principal Officer
MELVIN MCDONALD
Phone
9513253391
Tax Period
2023-01-01 to 2023-12-31

AASB ELITE BASKETBALL INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $521K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $498K left a modest 5% surplus.

Mission

Helping intercenter kids through basketball. Assisting familys join AAU teams. AASB scouts and recruits for AAU teams and continues to support them through college recruitment. AASB funds all travel expenses to include airfaire, meals and boardings.

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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 (2023)

Revenue Breakdown

Contributions & Grants $521,046
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $521,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $486,268
Other Expenses $497,508
TOTAL EXPENSES $497,508

Year-over-Year Comparison

2023 2022 Change
Revenue $521,046 $365,600 +0.4%
Expenses $497,508 $353,233 +0.4%
Net Income $23,538 $12,367 +0.9%
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
N/A
Employees
N/A
Volunteers
1

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELVIN MCDONALD DIRECTOR N/A
Officer
$0 $0 $0
ROBERTO GUTIERREZ SECRETARY N/A
Director
$0 $0 $0
ROBERT JUBERT TREASURER N/A
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
2023 $521,046 $497,508 $47,370 $23,538
2022 $365,600 $353,233 $20,468 $12,367
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