FLIP N TWIST BOOSTER CLUB INC C/O LAURA BARBETTA

EIN: 202887177 501(c)(3)

HAMILTON, OH

Total Revenue
$1,078
Total Expenses
$31,950
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
OH
Principal Officer
LAURA BARBETTA
Phone
5137373442
Tax Period
2020-06-01 to 2021-05-31

FLIP N TWIST BOOSTER CLUB INC C/O LAURA BARBETTA, founded in 2004, is a micro nonprofit that reported $1K in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $32K exceeded revenue, resulting in a 2864% operating deficit.

Mission

TO PROMOTE INTEREST IN YOUTH GYMNASTICS AND TO CONDUCT AND ORGANIZE ANY ACTIVITIES CONSISTENT WITH SUCH PURPOSE. TO FUNDRAISE MONIES FOR THE PURPOSE OF TRAINING AND COMPETITION OF THE TRAINING TEAM GYMNASTS, COMPULSORY AND OPTIONAL GYMNASTS.

Program Service Accomplishments

Program 1

AS A PART OF CLOSURE AND DISSOLUTION PROCEDURES OUTLINED IN THE ORGANIZATION'S BYLAWS, THE BOOSTER CLUB WAS NOT INVOLVED IN GYMNASTICS PROGRAMS OR MEETS IN ITS FINAL YEAR OF OPERATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,078
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,078

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,597
Fundraising Expenses $0
Other Expenses $27,353
TOTAL EXPENSES $31,950

Year-over-Year Comparison

2020 2019 Change
Revenue $1,078 $111,817 -1.0%
Expenses $31,950 $121,814 -0.7%
Net Income $-30,872 $-9,997 +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

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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
3
Independent Members
3
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
3
$2,800
Total Directors
3
$2,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA BARBETTA PRESIDENT 1.00
Officer Director
$1,050 $0 $1,050
JEANNIE WRIGHT SECRETARY 1.00
Officer Director
$1,050 $0 $1,050
JILL HAENNING VICE PRESIDE 1.00
Officer Director
$700 $0 $700
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
2021 $1,078 $31,950 No data $-30,872
2020 $111,817 $121,814 $30,872 $-9,997
2019 $107,946 $106,775 $40,869 $1,171
2018 $115,928 $134,819 $39,698 $-18,891
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