ROCKAWAY ROCKETS FOOTBALL ASSOCIATION (EIN 202990972) - 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

1959

Legal Domicile

Principal Officer

TIM FORTUNE

Phone

2019103752

Tax Period

2023-01-01 to 2023-12-31

ROCKAWAY ROCKETS FOOTBALL ASSOCIATION, founded in 1959, is a small nonprofit in the Recreation & Sports sector that reported $182K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

THE ASSOCIATION SERVICES APPROXIMATELY FOUR HUNDRED CHILDREN IN THE COMMUNITY. THE ASCOMMUNITY ASSOCIATION WAS CREATED TO PROMOTE THE SPORTSMANSHIP AND TEAMWORK AMONG ITS MEMBERS AND PROMOTE INDIVIDUAL SELF ESTEEM.

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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 $0

Program Service Revenue $181,876

Investment Income $0

Other Revenue $0

TOTAL REVENUE $181,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,057

Other Expenses $189,057

TOTAL EXPENSES $189,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,876	$199,419	-0.1%
Expenses	$189,057	$191,336	0.0%
Net Income	$-7,181	$8,083	-1.9%

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

N/A

Employees

N/A

Volunteers

100

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
KEN WALTER	PRESIDENT	10.00	Officer	$0	$0	$0
TIM FORTUNE	TREASURER	10.00	Officer	$0	$0	$0
FRED WEST	SECRETARY	10.00	Officer	$0	$0	$0
MIKE PETRO	DIRECTOR	5.00	Director	$0	$0	$0
KERRI BORALSKY	DIRECTOR	5.00	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
2023	$181,876	$189,057	$48,907	$-7,181
2022	$199,419	$191,336	$180,839	$8,083
2021	$172,063	$185,610	$148,452	$-13,547
2020	$137,490	$138,701	$87,592	$-1,211

ROCKAWAY ROCKETS FOOTBALL ASSOCIATION