JETS OF HARLEM INC (EIN 203556368) - 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

2005

Legal Domicile

Principal Officer

JAMEL WRIGHT

Phone

3473867528

Tax Period

2023-01-01 to 2023-12-31

JETS OF HARLEM INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $369K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $424K exceeded revenue, resulting in a 15% operating deficit.

Mission

HARLEM JETS OPERATES YOUTH SPORTS PROGRAMS FOCUSSING ON FOOTBALL AS WELL AS TUTORING SERVICES TO SUPPORT LOW INCOME AND AT RISK INNER CITY PATRONS

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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 $157,999

Program Service Revenue $117,003

Investment Income $0

Other Revenue $93,928

TOTAL REVENUE $368,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,016

Fundraising Expenses $37,575

Program Expenses $236,323

Other Expenses $375,374

TOTAL EXPENSES $424,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,930	$251,886	+0.5%
Expenses	$424,390	$317,479	+0.3%
Net Income	$-55,460	$-65,593	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMEL WRIGHT	CHAIRMAN TREASURER	045.00	Officer Director	$0	$0	$0
ALEJANDRO COOMBS	PRESIDENT	010.00	Officer Director	$0	$0	$0
KEVIN WIGGINS	1ST VICE PRESIDENT	002.50	Officer Director	$0	$0	$0
MATTHEW MCCALLISTER	2ND VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
ROBERT MAZUR	DIRECTOR	005.00	Director	$0	$0	$0
SHANE BENNETT	DIRECTOR	005.00	Director	$0	$0	$0
RODNEY BRICE	DIRECTOR	005.00	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	$368,930	$424,390	$127,836	$-55,460
2022	$251,886	$317,479	$167,114	$-65,593
2021	$333,526	$273,301	$187,597	$60,225
2019	$219,672	$253,458	$47,315	$-33,786
2018	$187,212	$219,240	$80,426	$-32,028

JETS OF HARLEM INC