CHARTER OAK AMATEUR BOXING ACADEMY AND YOUTH DEV PROGRAM INC (EIN 061310059) - 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

1990

Legal Domicile

Principal Officer

DAVID PRESUTTI CPA

Phone

8605210605

Tax Period

2023-07-01 to 2024-06-30

CHARTER OAK AMATEUR BOXING ACADEMY AND YOUTH DEV PROGRAM INC, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $607K in total revenue in fiscal year 2023. Revenue surged 139% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 36% operating margin.

Mission

TO PROVIDE HIGH-RISK URBAN YOUTH, AGES 8-21, THE OPPORTUNITY TO EVOLVE THROUGH THEIR ACADEMIC CAREERS SAFELY, DRUG AND GANG FREE, THROUGH THE VEHICLE OF A BOXING 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 (2023)

Revenue Breakdown

Contributions & Grants $606,945

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $606,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,417

Fundraising Expenses $0

Program Expenses $380,545

Other Expenses $299,574

TOTAL EXPENSES $386,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$606,951	$254,391	+1.4%
Expenses	$386,991	$279,173	+0.4%
Net Income	$219,960	$-24,782	-9.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMMY VEGA	PRESIDENT	N/A	Officer	$0	$0	$0
MARVIN WILLIAMS MS	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAVID PRESUTTI CPA	TREASURER	N/A	Officer	$0	$0	$0
CHRISTINA L IRIZARRY ED D	SECRETARY	N/A	Officer	$0	$0	$0
JEFFREY DRESSLER ESQ	DIRECTOR	N/A	Director	$0	$0	$0
MARIA LINO	DIRECTOR	N/A	Director	$0	$0	$0
JON PALAIS	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN SARMIENTO	DIRECTOR	N/A	Director	$0	$0	$0
JAY S SPIVAK	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$606,951	$386,991	$554,196	$219,960
2023	$254,391	$279,173	$418,236	$-24,782
2022	$222,139	$225,835	$443,018	$-3,696

CHARTER OAK AMATEUR BOXING ACADEMY AND YOUTH DEV PROGRAM INC