BOXFORD ATHLETIC ASSOCIATION INC (EIN 046078451) - 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

1960

Legal Domicile

Principal Officer

DENNIS C WASSUNG JR

Phone

6179591106

Tax Period

2023-01-01 to 2023-12-31

BOXFORD ATHLETIC ASSOCIATION INC, founded in 1960, is a small nonprofit that reported $452K in total revenue in fiscal year 2023. Expenses of $434K left a modest 4% surplus.

Mission

TO ORGANIZE AND ADMINISTER SPORTS PROGRAMS FOR THE BOXFORD, MA COMMUNITY. THE PRIMARY PURPOSE OF THE SPORTS PROGRAMS ARE: TO TEACH INDIVIDUAL SPORTS SKILLS, PROMOTE PHYSICAL FITNESS, PROVIDE TEAM SPORT COMPETITION, ENCOURAGE TEAM COOPERATION AND SPORTSMANSHIP, AND TO HAVE FUN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $52,371

Program Service Revenue $386,810

Investment Income $1,829

Other Revenue $11,204

TOTAL REVENUE $452,214

Expense Breakdown

Grants Paid $16,750

Salaries & Benefits $47,906

Fundraising Expenses $0

Program Expenses $422,925

Other Expenses $369,299

TOTAL EXPENSES $433,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$452,214	$427,584	+0.1%
Expenses	$433,955	$399,963	+0.1%
Net Income	$18,259	$27,621	-0.3%

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

150

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

$5,640

Total Directors

$5,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSILYN A DEMARCO	PRESIDENT	10.00	Officer Director	$5,640	$0	$5,640
GRIDLEY M LOSEE JR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DENNIS C WASSUNG JR	TREASURER	5.00	Officer Director	$0	$0	$0
JANUARY OLIVA	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS STEVENS	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$452,214	$433,955	$254,441	$18,259
2022	$427,584	$399,963	$236,182	$27,621
2021	$383,760	$352,363	$208,561	$31,397
2020	$188,964	$219,156	$177,164	$-30,192
2019	$324,765	$340,651	$207,356	$-15,886
2018	$280,764	$290,494	$223,242	$-9,730

BOXFORD ATHLETIC ASSOCIATION INC