FINGER LAKES WRESTLING CLUB INC (EIN 203725136) - 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

1997

Legal Domicile

Principal Officer

GENE NIGHMAN

Phone

6075922612

Tax Period

2023-01-01 to 2023-12-31

FINGER LAKES WRESTLING CLUB INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $359K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $592K exceeded revenue, resulting in a 65% operating deficit.

Mission

TO PROMOTE THE EDUCATION AND TRAINING OF PERSONS IN SCHOLASTIC, COLLEGIATE AND INTERNATIONAL WRESTLING RULES AND TECHNIQUES AS WELL AS IN PHYSICAL AND MENTAL FITNESS; THE EDUCATION OF PERSONS WHO ASPIRE TO COACH WRESTLING; AND THE EDUCATION OF THE GENERAL PUBLIC IN THE SPORT OF WRESTLING.

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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 $261,031

Program Service Revenue $63,556

Investment Income $28,446

Other Revenue $6,104

TOTAL REVENUE $359,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $477,607

Fundraising Expenses $0

Program Expenses $514,192

Other Expenses $114,751

TOTAL EXPENSES $592,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,137	$416,109	-0.1%
Expenses	$592,358	$766,030	-0.2%
Net Income	$-233,221	$-349,921	-0.3%

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

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

$40,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DICK BALLARD	DIRECTOR	5.00	Director	$0	$0	$0
GENE NIGHMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIC TOFTEGAARD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CATHY PACE	SECRETARY/TREASURER	40.00	Officer Director	$40,000	$0	$40,000
CARL KOENIG	DIRECTOR	5.00	Director	$0	$0	$0
CHARLIE HUGHES	DIRECTOR	5.00	Director	$0	$0	$0
ORLANDO TURCO	DIRECTOR	5.00	Director	$0	$0	$0
MIKE GREY	DIRECTOR	5.00	Director	$0	$0	$0
FRANK PERRELLI IV	DIRECTOR	40.00	Director	$50,000	$0	$50,000

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	$359,137	$592,358	$1,059,735	$-233,221
2022	$416,109	$766,030	$1,357,752	$-349,921
2021	$524,942	$635,475	$1,775,839	$-110,533
2020	$1,286,544	$365,435	$1,939,281	$921,109
2019	$301,380	$385,691	$880,926	$-84,311
2018	$363,297	$366,871	$988,878	$-3,574

FINGER LAKES WRESTLING CLUB INC