990 tax returns for each are available on the IRS website. Summary:

Bandits (2023 is most recent year)
Total revenue: $451,454
Total expenses/disbursements: $540,591

Selected components:
- Compensation of officers & directors: $0
- Travel: $30,174
- Umpires: $13,220
- Equipment: $53,870
- Tournaments: $441,979

Thunderbolts (2022 is most recent year)
Total revenue: $624,548
Total expenses/disbursements: $762,833

Selected components:
- Compensation of directors & officers: 0
- "Highly Paid Employees": 74,575
- Travel: $359,522
- Training fees: $26,030
- Team expenses: $115,050


So, in these two organizations, in these two years, both lost money. Now, it's possible that those involved have other revenue streams going directly to them (e.g., private coaching, consulting, etc.) or indirect relationships that benefit the org and players (e.g., fees paid to facilities that are directly from the athletes and not to the org), but I think there is enough information to suggest that it's quite likely that travel softball is not the money grab that some like to think it is...