Team First Foundation (EIN 874166040) - Form 990 Financial Analysis & Trantor Score

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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

Phone

5135055192

Tax Period

2024-01-01 to 2024-12-31

Team First Foundation, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $630K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 170% operating deficit.

Mission

The Team First Foundation identifies and delivers educational programs and sports related activity opportunities for area community members.

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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 $630,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $630,000

Expense Breakdown

Grants Paid $48,653

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,660,450

Other Expenses $1,650,824

TOTAL EXPENSES $1,699,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$630,000	$4,229,606	-0.9%
Expenses	$1,699,477	$3,500,899	-0.5%
Net Income	$-1,069,477	$728,707	-2.5%

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
Greg Holman	President	1.00	Officer Director	$0	$0	$0
John McKenna	Treasurer	1.00	Officer Director	$0	$0	$0
John Thorp	Secretary	1.00	Officer Director	$0	$0	$0
Megan Combs	Executive Director	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
2024	$630,000	$1,699,477	$928,894	$-1,069,477
2023	$4,229,606	$3,500,899	$2,065,124	$728,707
2022	$2,397,905	$1,165,233	$1,213,530	$1,232,672

Team First Foundation