WINCHESTER BASKETBALL ASSOCIATION INC

EIN: 205548905 501(c)(3) Recreation & Sports

WINCHESTER, MA

Total Revenue
$268,444
Total Expenses
$282,543
Total Assets
$146,952
Net Assets
$146,952
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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
2006
Legal Domicile
MA
Principal Officer
GARY GRASSEY
Phone
7813691395
Tax Period
2021-09-01 to 2022-08-31

WINCHESTER BASKETBALL ASSOCIATION INC, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $268K in total revenue in fiscal year 2021. Revenue surged 336% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE OPPORTUNITIES FOR CHILDREN IN GRADES 3 THROUGH 11 TO LEARN THE FUNDAMENTALS OF BASKETBALL, WHILE HAVING FUN.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $268,444
Investment Income $0
Other Revenue $0
TOTAL REVENUE $268,444

Expense Breakdown

Grants Paid $2,175
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $282,543
Other Expenses $280,368
TOTAL EXPENSES $282,543

Year-over-Year Comparison

2021 2020 Change
Revenue $268,444 $61,623 +3.4%
Expenses $282,543 $76,362 +2.7%
Net Income $-14,099 $-14,739 0.0%
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
8
Independent Members
8
Employees
N/A
Volunteers
50

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY T GRASSEY PRESIDENT 10.00
Officer Director
$0 $0 $0
CAROL STEVENSON TREASURER 10.00
Officer Director
$0 $0 $0
NICOLE BALTZER CLERK 10.00
Officer Director
$0 $0 $0
BILL COLLINS DIRECTOR 3.00
Director
$0 $0 $0
OMAR LOPEZ DIRECTOR 3.00
Director
$0 $0 $0
TED LYON DIRECTOR 3.00
Director
$0 $0 $0
BILL MCCARRON DIRECTOR 3.00
Director
$0 $0 $0
MATTHEW D OSSEN DIRECTOR 3.00
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
2022 $268,444 $282,543 $146,952 $-14,099
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