CLASSIC CITY COLLECTIVE 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

2023

Legal Domicile

Principal Officer

TANNER POTTS

Phone

3344729490

Tax Period

2024-01-01 to 2024-12-31

CLASSIC CITY COLLECTIVE INC, founded in 2023, is a mid-sized nonprofit in the Recreation & Sports sector that reported $16.2M in total revenue in fiscal year 2024. Revenue surged 460% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION ENGAGES IN COMMUNITY DEVELOPMENT, MENTORING, YOUTH DEVELOPMENT, EDUCATION, AND POVERTY RELIEF BY CREATING PARTNERSHIPS BETWEEN UNIVERSITY OF GEORGIA ALUMNI, STUDENT ATHLETES, AND THE SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $15,664,163 Revenue: $56,510

IN 2024, CLASSIC CITY COLLECTIVE INC. ADVANCED ITS MISSION BY BUILDING PARTNERSHIPS AMONG UNIVERSITY OF GEORGIA STUDENT-ATHLETES, ALUMNI, AND LOCAL COMMUNITIES TO PROMOTE COMMUNITY DEVELOPMENT AND...

IN 2024, CLASSIC CITY COLLECTIVE INC. ADVANCED ITS MISSION BY BUILDING PARTNERSHIPS AMONG UNIVERSITY OF GEORGIA STUDENT-ATHLETES, ALUMNI, AND LOCAL COMMUNITIES TO PROMOTE COMMUNITY DEVELOPMENT AND MENTORING. OPPORTUNITIES WERE PROVIDED FOR HUNDREDS OF STUDENT-ATHLETES TO ENGAGE WITH LOCAL ORGANIZATIONS THROUGH NIL (NAME, IMAGE, LIKENESS) ACTIVITIES SUCH AS ENDORSEMENTS, APPEARANCES, AND PROMOTIONAL EVENTS.THE COLLECTIVE SUPPORTED ATHLETE GROWTH BY CONNECTING THEM WITH COMMUNITY INITIATIVES FOCUSED ON EDUCATION, MENTORSHIP, AND REGIONAL DEVELOPMENT. IT ALSO PROVIDED TRAINING ON BRAND MANAGEMENT, FINANCIAL LITERACY, AND PERSONAL DEVELOPMENT TO PREPARE STUDENT-ATHLETES FOR SUCCESS ON AND OFF THE FIELD.THROUGH THESE EFFORTS, CLASSIC CITY COLLECTIVE STRENGTHENED RELATIONSHIPS BETWEEN UGA ATHLETICS AND THE LOCAL COMMUNITIES, FOSTERING IMPACTFUL COLLABORATIONS THAT BENEFIT STUDENT-ATHLETES AND PROMOTE POSITIVE COMMUNITY ENGAGEMENT.

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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 $16,142,279

Program Service Revenue $56,510

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,198,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $679,992

Fundraising Expenses $0

Program Expenses $15,664,163

Other Expenses $15,540,004

TOTAL EXPENSES $16,219,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,198,789	$2,892,322	+4.6%
Expenses	$16,219,996	$2,418,833	+5.7%
Net Income	$-21,207	$473,489	-1.0%

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

Governance

Voting Members

Independent Members

Employees

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

$555,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
HENNA PATEL	DIRECTOR	1.00	Director	$0	$0	$0
HEATH GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
CAITLYN COOPER	DIRECTOR	1.00	Director	$0	$0	$0
MATT HIBBS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$322,500	$0	$322,500
STEVEN FARMER	CHIEF REVENUE OFFICER	40.00	Officer	$175,000	$0	$175,000
PATRICK JACOBS	CHIEF OPERATING OFFICER	40.00	Officer	$58,333	$0	$58,333

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	$16,198,789	$16,219,996	$340,346	$-21,207
2023	$2,892,322	$2,418,833	$548,428	$473,489