CHILDRENS ATHLETIC DEVELOPMENT ASS… - 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

1998

Legal Domicile

Principal Officer

VICTOR GINDI

Phone

7183756859

Tax Period

2023-01-01 to 2023-12-31

CHILDRENS ATHLETIC DEVELOPMENT ASSOCIATION INC, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $346K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE, FOSTER, AND ENCOURAGE SPORTSMANSHIP, ATHLETIC LEAGUES, AND RECREATIONAL SPORTS CONTESTS IN THE JUVENILE AGE GROUPS.

Program Service Accomplishments

Program 1

Expenses: $284,767 Revenue: $346,036

TO PROMOTE, FOSTER, AND ENCOURAGE SPORTSMANSHIP, ATHLETIC LEAGUES, AND RECREATIONAL SPORTS CONTESTS IN THE JUVENILE AGE GROUPS.

Program 2

N/A

Program 3

N/A

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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 $0

Program Service Revenue $346,036

Investment Income $0

Other Revenue $0

TOTAL REVENUE $346,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,358

Fundraising Expenses $1,304

Program Expenses $284,767

Other Expenses $273,839

TOTAL EXPENSES $342,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$346,036	$301,190	+0.1%
Expenses	$342,197	$446,063	-0.2%
Net Income	$3,839	$-144,873	-1.0%

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

$50,000

Total Directors

$63,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR GINDI	PRESIDENT	60.00	Officer Director	$50,000	$0	$50,000
CELIA BRAHA	DIRECTOR	16.00	Director	$13,500	$0	$13,500

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	$346,036	$342,197	$27,896	$3,839
2022	$301,190	$446,063	$25,357	$-144,873
2021	$399,398	$193,804	$169,328	$205,594
2020	$105,215	$232,782	$24,000	$-127,567
2019	$343,445	$333,676	$90,593	$9,769
2018	$304,830	$326,072	$80,692	$-21,242

CHILDRENS ATHLETIC DEVELOPMENT ASSOCIATION INC