WOLCOTT SPORTS COMPLEX ASSOC INC C/0 CARMEN ROMEO

EIN: 200177844 501(c)(3)

WOLCOTT, CT

Total Revenue
$20,988
Total Expenses
$23,648
Total Assets
$10,489
Net Assets
$814
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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
2004
Legal Domicile
CT
Principal Officer
CARMEN ROMEO
Phone
2038799558
Tax Period
2018-01-01 to 2018-12-31

WOLCOTT SPORTS COMPLEX ASSOC INC C/0 CARMEN ROMEO, founded in 2004, is a micro nonprofit that reported $21K in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year. Expenses of $24K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE WOLCOTT SPORTS COMPLEX ASSOCIATION INC IS TO PROVIDE RECREATIONAL FACILITIES AND PROGRAMS TO THE COMMUNITY YOUTH.

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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 $5,900
Program Service Revenue $0
Investment Income $0
Other Revenue $15,088
TOTAL REVENUE $20,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,956
Other Expenses $23,648
TOTAL EXPENSES $23,648

Year-over-Year Comparison

2018 2017 Change
Revenue $20,988 $25,970 -0.2%
Expenses $23,648 $31,524 -0.2%
Net Income $-2,660 $-5,554 -0.5%
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
4
Independent Members
4
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARMEN ROMEO TREASURER 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
2018 $20,988 $23,648 $10,489 $-2,660
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