FORT LEE ATHLETIC CLUB 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

1960

Legal Domicile

Principal Officer

CHRISTOPHER SKELLEY

Phone

2019442555

Tax Period

2024-01-01 to 2024-12-31

FORT LEE ATHLETIC CLUB INC, founded in 1960, is a micro nonprofit that reported $77K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $112K exceeded revenue, resulting in a 44% operating deficit.

Mission

FORT LEE ATHLETIC CLUB, INC. PROVIDES FUNDS FOR SPORTS PROGRAMS IN THE FORT LEE, NJ AREA.

Program Service Accomplishments

Program 1

Expenses: $24,268

THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITY IS TO PROVIDE FUNDS FOR SPORTS PROGRAMS IN THE FORT LEE, NJ AREA

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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 $50,302

Program Service Revenue $0

Investment Income $6

Other Revenue $26,870

TOTAL REVENUE $77,178

Expense Breakdown

Grants Paid $24,268

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,268

Other Expenses $87,240

TOTAL EXPENSES $111,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,178	$65,430	+0.2%
Expenses	$111,508	$91,232	+0.2%
Net Income	$-34,330	$-25,802	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD BALESTRI	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOSEPH PUTRINO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER SKELLEY	TREASURER	5.00	Officer Director	$0	$0	$0
FRED SAFAROWIC	SECRETARY	2.00	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	$77,178	$111,508	$875,738	$-34,330
2023	$65,430	$91,232	$976,941	$-25,802
2022	$69,022	$93,172	$1,003,570	$-24,150
2021	$57,700	$80,771	$1,014,838	$-23,071
2020	$53,911	$68,095	$1,038,918	$-14,184
2019	$72,134	$85,512	$1,072,138	$-13,378
2018	$73,778	$72,267	$1,085,516	$1,511