Metropolitan Oval Foundation Inc

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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

Christopher Welch

Phone

6464171499

Tax Period

2023-09-01 to 2024-08-31

Metropolitan Oval Foundation Inc, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 11% surplus.

Mission

To promote, support, and develop Youth Soccer in NYC.

Program Service Accomplishments

Program 1

Expenses: $1,928,403

Development of youth soccer in NYC. Includes the training of young people to compete in amateur soccer in local, regional, and international competition. Also to save and preserve as a soccer field, The Metropolitan Oval located in Maspeth, New York. As part of its training programs, the foundation rents the field to high schools, colleges, and various youth organizations.

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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 $382,293

Program Service Revenue $1,965,527

Investment Income $32,059

Other Revenue $0

TOTAL REVENUE $2,379,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,694

Fundraising Expenses $155

Program Expenses $1,928,403

Other Expenses $1,346,245

TOTAL EXPENSES $2,113,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,379,879	$2,031,592	+0.2%
Expenses	$2,113,939	$2,093,061	+0.0%
Net Income	$265,940	$-61,469	-5.3%

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

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
Jeffrey Saunders	Director	20.00	Director	$0	$0	$0
Kim Wyant	Director	1.00	Director	$0	$0	$0
Charles S Jacob	Director	0.50	Director	$0	$0	$0
Alex Maffeo	Director	0.50	Director	$0	$0	$0
John Kosmidis	Trustee	1.00	Director	$0	$0	$0
David Blitzer	Director	0.00	Director	$0	$0	$0
Christopher Welch	CFO	6.00	Officer	$0	$0	$0
Charles R Jacob	Chairman	2.00	Officer	$0	$0	$0
Valerie Jacob	Secretary	1.00	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
2025	No data	No data	No data	No data
2024	$2,379,879	$2,113,939	$2,348,913	$265,940
2023	$2,031,592	$2,093,061	$2,227,323	$-61,469
2022	$1,714,331	$1,694,758	$2,289,775	$19,573
2021	$1,492,915	$1,393,581	$2,176,196	$99,334
2020	$1,593,208	$1,268,233	$1,975,286	$324,975
2019	$1,472,412	$1,465,048	$1,689,120	$7,364
2018	$1,054,939	$1,030,884	$1,498,649	$24,055