Greenwich Basketball Association I… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

Farid Kerendian

Phone

2035595568

Tax Period

2024-09-01 to 2025-08-31

Greenwich Basketball Association Inc, founded in 1995, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Expenses of $197K left a modest 14% surplus.

Mission

Teach youth basketball and help to develop their self esteem.

Program Service Accomplishments

Program 1

Expenses: $179,505 Revenue: $216,579

Practices and games for more than 700 players.

Program 2

Expenses: $14,800 Revenue: $8,200

The Organization(GBA) substantially reduced the program fees for more than 40 players that otherwise would not have been able to participate in the program due to financial hardship.

Program 3

Expenses: $3,000

The Organization(GBA) made a donation of $3,000 to the Greenwich Scholarship Association to provide College Scholarships to 2025 local high school graduates attending college in the Fall of 2025.

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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 $8,200

Program Service Revenue $216,579

Investment Income $5,208

Other Revenue $0

TOTAL REVENUE $229,987

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,305

Other Expenses $194,305

TOTAL EXPENSES $197,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,987	$226,801	+0.0%
Expenses	$197,305	$220,141	-0.1%
Net Income	$32,682	$6,660	+3.9%

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

N/A

Independent Members

N/A

Employees

N/A

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
Will furnish upon request	All are Volunteers	0.00	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
2025	$229,987	$197,305	$349,747	$32,682
2024	$226,801	$220,141	$317,065	$6,660
2023	$198,511	$218,382	$310,405	$-19,871
2022	$161,851	$162,283	$330,276	$-432
2021	$66,998	$86,161	$330,708	$-19,163
2020	$290,678	$227,154	$349,871	$63,524

Greenwich Basketball Association Inc