BOSTON TAEKWONDO PROJECT INC (EIN 043485635) - 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

1999

Legal Domicile

Principal Officer

DANIEL CHUANG

Phone

6178764853

Tax Period

2024-10-01 to 2025-09-30

BOSTON TAEKWONDO PROJECT INC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $439K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $498K exceeded revenue, resulting in a 13% operating deficit.

Mission

SEE PART III.

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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 $32,590

Program Service Revenue $404,244

Investment Income $2

Other Revenue $2,487

TOTAL REVENUE $439,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,432

Fundraising Expenses $4,954

Program Expenses $415,475

Other Expenses $238,638

TOTAL EXPENSES $498,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$439,323	$506,756	-0.1%
Expenses	$498,070	$422,134	+0.2%
Net Income	$-58,747	$84,622	-1.7%

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

$90,802

Total Directors

$90,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL CHUANG	DIRECTOR/CHAIRMAN	50.00	Officer Director	$90,802	$0	$90,802
KRISTIAN CIBULSKIS	DIRECTOR	3.00	Director	$0	$0	$0
MELINDA MINEAR	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTOPHER TUOZZOLO	DIRECTOR	3.00	Director	$0	$0	$0
CHINEDUM OSUJI	DIRECTOR	3.00	Director	$0	$0	$0
TARA SARATHI	PRESIDENT	8.00	Officer	$0	$0	$0
KEVIN SHIH	TREASURER	3.00	Officer	$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
2025	$439,323	$498,070	$141,406	$-58,747
2024	$506,756	$422,134	$204,226	$84,622
2023	$450,694	$390,897	$116,986	$59,797
2022	$340,500	$353,989	$61,416	$-13,489
2021	$316,658	$354,640	$72,102	$-37,982
2020	$375,292	$387,555	$120,042	$-12,263
2019	$364,282	$363,751	$121,520	$531
2018	$342,291	$350,221	$117,993	$-7,930

BOSTON TAEKWONDO PROJECT INC