VETERAN BOXERS ASSOCIATION RING 1 INC

EIN: 061736644 501(c)(3) Human Services

PHILADELPHIA, PA

Total Revenue
$14,819
Total Expenses
$18,167
Total Assets
$1,758
Net Assets
$1,758
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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
2002
Legal Domicile
PA
Principal Officer
JOHN GALLAGHER
Tax Period
2018-01-01 to 2018-12-31

VETERAN BOXERS ASSOCIATION RING 1 INC, founded in 2002, is a micro nonprofit in the Human Services sector that reported $15K in total revenue in fiscal year 2018. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 23% operating deficit.

Mission

ORGANIZATION PROVIDES FOR SOCIAL AND OTHER WELFARE REQUIREMENTS FOR VETERAN BOXERS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $20,145
Program Service Revenue $0
Investment Income $10,601
Other Revenue $-15,927
TOTAL REVENUE $14,819

Expense Breakdown

Grants Paid $1,565
Salaries & Benefits $0
Fundraising Expenses $457
Program Expenses $3,846
Other Expenses $16,602
TOTAL EXPENSES $18,167

Year-over-Year Comparison

2018 2017 Change
Revenue $14,819 $22,649 -0.3%
Expenses $18,167 $19,817 -0.1%
Net Income $-3,348 $2,832 -2.2%
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

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN GALLAGHER TREASURER 20.00
Officer
$0 $0 $0
CHARLES SGRILLO PRESIDENT 10.00
Officer
$0 $0 $0
FRED DRUDING VICE PRESIDENT 5.00
Officer
$0 $0 $0
JOHN DISANTO SECRETARY 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
2018 $14,819 $18,167 $1,758 $-3,348
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