EXPRESS SPORTS INC

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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

1990

Legal Domicile

Principal Officer

MICHAEL RANDAZZO

Phone

6098832687

Tax Period

2023-10-01 to 2024-09-30

EXPRESS SPORTS INC, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $282K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $339K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE SWIM INSTRUCTION AND TRAINING TO CHILDREN 6-18 YEARS IN ORDER TO COMPETE AS AMATEURS AT LOCAL, REGIONAL AND NATIONAL LEVELS.

Program Service Accomplishments

Program 1

Expenses: $311,519 Revenue: $281,500

EXPRESS SPORTS, INC. IS A LEARN-TO-SWIM AND COMPETITIVE SWIM TEAM THAT HAS BEEN SERVING THE GREATER TRENTON AREA SINCE 1987. WE PROVIDE A HEALTHY ENVIRONMENT IN WHICH ATHLETES AGES 7-22 CAN DEVELOP LIFE SKILLS, A SENSE OF DISCIPLINE, TIME MANAGEMENT, RESPECT FOR TEAMMATES/COACHES, AND STRIVE TO ACHIEVE THEIR HIGHEST GOALS IN COMPETITIVE SWIMMING. WE CARRY APPROXIMATELY 150 SWIMMERS (PROGRAM MEMBERS) AT ONE TIME, AND WE OFFER A MINIMUM OF 2 HOURS WORTH OF SWIM PRACTICE 340 DAYS PER YEAR. WE HOST FIVE MAJOR SWIM MEETS EVERY YEAR, AT WHICH WE SUPPLY THE VOLUNTEERS FOR A TOTAL OF 11 DAYS. THESE MEETS SERVE THE ENTIRE NEW JERSEY SWIMMING COMMUNITY, AND AVERAGE APPROXIMATELY 1,000 ATHLETES PER EVENT. EXPRESS SPORTS ATHLETES COMPETE ON THE LOCAL, STATE, SECTION, JR. NATIONAL, NATIONAL AND EVEN THE OLYMPIC TRIALS LEVEL. WE HAVE THREE FULL-TIME COACHES/DIRECTORS, AS WELL AS UP TO 6 REGULAR ASSISTANT COACHES ON STAFF TO MANAGE DAILY WORKOUTS AND MENTOR THE MEMBERS AS THEY PROGRESS THROUGH THE PROGRAM.

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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 $281,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $281,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,043

Fundraising Expenses $0

Program Expenses $311,519

Other Expenses $325,337

TOTAL EXPENSES $339,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,500	$460,683	-0.4%
Expenses	$339,380	$303,209	+0.1%
Net Income	$-57,880	$157,474	-1.4%

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

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
MICHAEL RANDAZZO	PRESIDENT/COACH	40.00	Officer Director	$0	$0	$0
KRISTINE SPIKE	VICE PRESIDENT/COACH	20.00	Officer Director	$0	$0	$0
GABRIEL RANDAZZO	TREASURER	1.50	Officer 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	$281,500	$339,380	$88,759	$-57,880
2023	$460,683	$303,209	$104,818	$157,474
2022	$233,247	$419,416	$55,988	$-186,169
2021	$446,987	$461,345	$146,612	$-14,358
2020	$358,460	$367,732	$185,815	$-9,272
2019	$371,247	$453,310	$15,887	$-82,063
2018	$496,087	$517,237	$7,950	$-21,150