SQUASHBUSTERS 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

1996

Legal Domicile

Principal Officer

RACHEL KOURY

Phone

6173737782

Tax Period

2024-07-01 to 2025-06-30

SQUASHBUSTERS INC, founded in 1996, is a community nonprofit in the Youth Development sector that reported $4.6M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $8.9M exceeded revenue, resulting in a 94% operating deficit.

Mission

TO CHALLENGE AND NURTURE URBAN YOUTH AS STUDENTS, ATHLETES AND CITIZENS SO THAT THEY RECOGNIZE AND FULFILL THEIR FULLEST POTENTIAL IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $7,484,211

INTENSIVE URBAN YOUTH PROGRAM SERVING APPROXIMATELY 500 MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS IN BOSTON AND LAWRENCE MASSACHUSETTS AND IN PROVIDENCE, RHODE ISLAND. THE PROGRAM USES THE...

INTENSIVE URBAN YOUTH PROGRAM SERVING APPROXIMATELY 500 MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS IN BOSTON AND LAWRENCE MASSACHUSETTS AND IN PROVIDENCE, RHODE ISLAND. THE PROGRAM USES THE SPORT OF SQUASH IN COMBINATION WITH ACADEMIC TUTORING AND ENRICHMENT, COMMUNITY SERVICE, SUMMER OPPORTUNITIES, AND HANDS-ON COLLEGE AND CAREER COUNSELING TO ACHIEVE THREE SPECIFIC OUTCOMES: 1) IMPROVEMENT IN LONG-TERM HEALTH AND WELLNESS 2) COLLEGE ACCESS AND SUCCESS - MATRICULATION, PERSERVERANCE, AND GRADUATION, AND 3) POSITIVE CHARACTER DEVELOPMENT. THE ORGANIZATION SERVES ITS STUDENTS CONTINUOUSLY FROM THE START OF MIDDLE SCHOOL UNTIL THEY GRADUATE HIGH SCHOOL AND ENROLL IN COLLEGE. THE PROGRAM THEN SUPPORTS EVERY STUDENT'S JOURNEY THROUGH COLLEGE TO GRADUATION. STUDENTS WILL SPEND APPROXIMATELY 100 DAYS EACH SCHOOL YEAR, FROM GRADES 6 THROUGH GRADE 12 IN DIRECT ENGAGEMENT WITH THE PROGRAM.

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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 $4,279,490

Program Service Revenue $0

Investment Income $540,387

Other Revenue $-223,849

TOTAL REVENUE $4,596,028

Expense Breakdown

Grants Paid $51,892

Salaries & Benefits $3,149,330

Fundraising Expenses $720,043

Program Expenses $7,484,211

Other Expenses $5,718,461

TOTAL EXPENSES $8,919,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,596,028	$7,603,579	-0.4%
Expenses	$8,919,683	$6,501,288	+0.4%
Net Income	$-4,323,655	$1,102,291	-4.9%

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

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

$382,198

Total Directors

$147,119

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY GALVAO	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$131,333	$15,786	$147,119
DON MYKRANTZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
HENRY MANICE	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID ANTONELLI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DESANTIS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE FAGAN	DIRECTOR	1.00	Director	$0	$0	$0
CHESSIN GERTLER	DIRECTOR	1.00	Director	$0	$0	$0
HABIB GORGI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HARPER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE HUMBER	DIRECTOR	1.00	Director	$0	$0	$0
KAT LEIVA	DIRECTOR	1.00	Director	$0	$0	$0
BILL MONAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PAINE	DIRECTOR	1.00	Director	$0	$0	$0
CHIP ROBIE	DIRECTOR	1.00	Director	$0	$0	$0
ZOE RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
JIBERLY SANDOVAL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE THOMPSON-DOLBERRY	DIRECTOR	1.00	Director	$0	$0	$0
CHANDLER WILLETT	DIRECTOR	1.00	Director	$0	$0	$0
SIMONE WINSTON	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY MCELROY	CFO AND INTERIM CEO	40.00	Officer	$115,346	$5,444	$120,790
STEFANOE CREMA	ED OF DEVELOPMENT AND PARTNERSHIPS, PROVIDENCE	40.00	Officer	$94,088	$20,201	$114,289
GREG ZAFF	SR ADVISOR	40.00	Highest	$148,077	$12,207	$160,284
REBECCA LATIMORE	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$119,952	$6,948	$126,900

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	$4,596,028	$8,919,683	$38,752,012	$-4,323,655
2024	$7,603,579	$6,501,288	$35,085,891	$1,102,291
2023	$6,118,444	$4,110,354	$34,841,050	$2,008,090
2022	$8,675,838	$4,479,594	$32,066,323	$4,196,244
2021	$7,539,689	$3,292,299	$29,546,406	$4,247,390
2020	$7,212,242	$3,227,352	$24,288,494	$3,984,890
2019	$3,431,959	$3,075,450	$20,726,572	$356,509
2018	$3,866,603	$2,912,027	$20,164,274	$954,576