HOT TUBES DEVELOPMENT CYCLING TEAM INC

EIN: 043817370 501(c)(3) Recreation & Sports

SHIRLEY, MA

Total Revenue
$272,668
Total Expenses
$249,085
Total Assets
$69,374
Net Assets
$69,374
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MA
Principal Officer
TOBIAS STANTON
Phone
9784259033
Tax Period
2024-01-01 to 2024-12-31

HOT TUBES DEVELOPMENT CYCLING TEAM INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $273K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $249K left a modest 9% surplus.

Mission

TO FOSTER AND CONDUCT NATIONAL AND INTERNATIONAL AMATEUR CYCLING COMPETITION AND DEVELOPE AMATEUR ATHLETES FOR SUCH COMPETITIONS.

Program Service Accomplishments

Program 1
Expenses: $211,298

PROVIDES TRAINING PROGRAM FOR AMATEUR CYCLING ATHLETES WHO TRAIN AND COMPETE IN CYCLING COMPETITIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $268,595
Program Service Revenue $0
Investment Income $1,806
Other Revenue $2,267
TOTAL REVENUE $272,668

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,499
Fundraising Expenses $0
Program Expenses $211,298
Other Expenses $184,586
TOTAL EXPENSES $249,085

Year-over-Year Comparison

2024 2023 Change
Revenue $272,668 $185,064 +0.5%
Expenses $249,085 $226,614 +0.1%
Net Income $23,583 $-41,550 -1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
2
$60,827
Total Directors
2
$60,827
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOBIAS STANTON PRESIDENT 30.00
Officer Director
$60,827 $0 $60,827
JOHN ALSTON GARDNER TREASURER N/A
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 $272,668 $249,085 $69,374 $23,583
2023 $185,064 $226,614 $51,138 $-41,550
2022 $211,954 $256,342 $87,511 $-44,388
2021 $190,879 $197,789 $131,974 $-6,910
2020 $280,807 $194,539 $138,664 $86,268
2019 $232,443 $194,571 $55,685 $37,872
2018 $188,781 $236,812 $50,078 $-48,031
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