LACES (LIFEANDCHANGEEXPERIENCEDTHRUSPORTS (EIN 208293882) - 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

2008

Legal Domicile

Principal Officer

SEREN FRYATT

Phone

7657290568

Tax Period

2024-07-01 to 2025-06-30

LACES (LIFEANDCHANGEEXPERIENCEDTHRUSPORTS, founded in 2008, is a micro nonprofit that reported $555 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 12062% operating deficit.

Mission

LEVERAGE THE POWER OF SPORT TO MENTOR AT-RISK YOUTH. THROUGH THE POWER OF SPORTS AND POSITIVE ROLE MODELS WE PROVIDE SOCIAL, EMOTIONAL AND PHYSICAL SUPPORT FOR AT-RISK YOUTH IN THE UNITED STATES AND AROUND THE GLOBE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $555

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,333

Other Expenses $67,500

TOTAL EXPENSES $67,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$555	$121,284	-1.0%
Expenses	$67,500	$179,526	-0.6%
Net Income	$-66,945	$-58,242	+0.1%

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

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
SEREN FRYATT	DIRECTOR	1.00	Director	$0	$0	$0
ZACH COHEN	DIRECTOR	1.00	Director	$0	$0	$0
SONYA FUNNA EVELYN	CHAIRMAN OF BOARD	1.00	Officer Director	$0	$0	$0
SONIA MOLDOVAN	DIRECTOR	1.00	Director	$0	$0	$0
MAYA PATEL	DIRECTOR	1.00	Director	$0	$0	$0
CASH GRANER	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA MATHEWS	DIRECTOR	1.00	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
2025	$555	$67,500	No data	$-66,945
2024	$121,284	$179,526	$67,693	$-58,242
2022	$366,142	$399,032	$189,847	$-32,890
2021	$328,338	$239,392	$213,083	$88,946
2020	$250,756	$269,030	$119,967	$-18,274
2019	$300,133	$264,243	$129,955	$35,890
2018	$233,951	$238,831	$83,106	$-4,880

LACES (LIFEANDCHANGEEXPERIENCEDTHRUSPORTS