NORTH AREA ATHLETIC CLUB INC (EIN 161459179) - 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

1993

Legal Domicile

Principal Officer

BARBARA KARAS

Phone

3154718662

Tax Period

2022-01-01 to 2022-12-31

NORTH AREA ATHLETIC CLUB INC, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $203K in total revenue in fiscal year 2022. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $186K left a modest 8% surplus.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE THE YOUTH ON THE NORTH-SIDE OF SYRACUSE,NY AN ATHLETIC PROGRAM AND FACILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $189,341

Program Service Revenue $0

Investment Income $0

Other Revenue $13,358

TOTAL REVENUE $202,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,294

Fundraising Expenses $0

Program Expenses $165,479

Other Expenses $78,213

TOTAL EXPENSES $185,507

Year-over-Year Comparison

	2022	2021	Change
Revenue	$202,699	$143,667	+0.4%
Expenses	$185,507	$158,732	+0.2%
Net Income	$17,192	$-15,065	-2.1%

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

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

$88,400

Total Directors

$88,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND M RINALDI	Executive Direc	20.00	Officer Director	$33,800	$0	$33,800
CHRISTOPHER BURNS	Boxing Coach	20.00	Officer Director	$33,800	$0	$33,800
BARBARA KARAS	Treasurer	5.00	Officer Director	$20,800	$0	$20,800
JOSEPH LEIBL	President	5.00	Officer Director	$0	$0	$0
DAMIAN RINALDI	Deputy Director	5.00	Officer 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
2024	No data	No data	No data	No data
2022	$202,699	$185,507	$472,547	$17,192

NORTH AREA ATHLETIC CLUB INC