ADAPTIVE SPORTS FOUNDATION INC (EIN 141823155) - 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

2000

Legal Domicile

Principal Officer

VINCE PASSIONE

Phone

5187345070

Tax Period

2024-07-01 to 2025-06-30

ADAPTIVE SPORTS FOUNDATION INC, founded in 2000, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 12% surplus.

Mission

SUMMER AND WINTER PROGRAMS FOR INDIVIDUALS WITH DISABILITIES

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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 $1,075,283

Program Service Revenue $146,971

Investment Income $256,467

Other Revenue $542,481

TOTAL REVENUE $2,021,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,372

Fundraising Expenses $155,660

Program Expenses $1,279,212

Other Expenses $1,025,263

TOTAL EXPENSES $1,788,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,021,202	$1,799,276	+0.1%
Expenses	$1,788,635	$1,596,884	+0.1%
Net Income	$232,567	$202,392	+0.1%

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

153

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

$126,783

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BARNES	DIRECTOR	1.50	Director	$0	$0	$0
MICHAEL FEE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LUCKOW	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN O'CONNOR	DIRECTOR	1.50	Director	$0	$0	$0
VINCE PASSIONE	BOARD CHAIR	6.00	Officer Director	$0	$0	$0
L KEVIN SHERIDAN	DIRECTOR	2.00	Director	$0	$0	$0
KAREN ELDER	DIRECTOR	1.00	Director	$0	$0	$0
LAURIN KLEIMAN	SECRETARY	3.00	Director	$0	$0	$0
ANNA FENIMORE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP HSU	TREASURER	1.00	Director	$0	$0	$0
STEPHAN KIRATSOUS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN J LEE	DIRECTOR	1.00	Director	$0	$0	$0
CHARITY GUZOFSKI	DIRECTOR	1.00	Director	$0	$0	$0
RICKY MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SILVERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN IANNELLI	EXECUTIVE DIRECTOR	40.00	Officer	$126,783	$0	$126,783

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	$2,021,202	$1,788,635	$10,007,438	$232,567
2024	$1,799,276	$1,596,884	$9,263,937	$202,392
2023	$1,727,318	$1,540,671	$8,604,847	$186,647
2022	$1,614,925	$1,525,408	$8,075,714	$89,517
2021	$1,762,149	$1,265,980	$8,679,904	$496,169
2020	$1,530,007	$1,837,715	$7,354,975	$-307,708
2019	$1,907,857	$1,809,220	$7,594,557	$98,637
2018	$1,924,236	$1,677,546	$7,798,373	$246,690

ADAPTIVE SPORTS FOUNDATION INC