GOLD MEDAL KARATE INC (EIN 233017858) - 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

SALVATORE SANDONE

Phone

2159236676

Tax Period

2022-07-01 to 2023-06-30

GOLD MEDAL KARATE INC, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $3.6M in total revenue in fiscal year 2022. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 3% surplus.

Mission

EDUCATIONAL, CULTURAL AND ATHLETIC ACTIVITIES. MISSION:EDUCATE YOUR BODY. STRENGTHEN YOUR MIND.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,772,582

Program Service Revenue $824,686

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,597,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,192,879

Fundraising Expenses $132,452

Program Expenses $2,987,330

Other Expenses $1,289,035

TOTAL EXPENSES $3,481,914

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,597,268	$2,271,279	+0.6%
Expenses	$3,481,914	$1,968,758	+0.8%
Net Income	$115,354	$302,521	-0.6%

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

$161,700

Total Directors

$161,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALVATORE SANDONE	CEO	40.00	Officer Director	$161,700	$0	$161,700
PHILLIP NANNAY	TREASURER	2.00	Director	$0	$0	$0
HEATHER SAPELBWEYER	CHAIRPERSON	2.00	Director	$0	$0	$0
PAUL DACOSTA	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH KHAN	ATTORNEY	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,597,268	$3,481,914	$1,567,403	$115,354
2022	$2,271,279	$1,968,758	$753,717	$302,521
2021	$2,265,129	$2,222,518	$325,219	$42,611
2020	$1,389,785	$1,129,643	$389,467	$260,142
2019	$805,320	$746,934	$60,075	$58,386
2018	$919,612	$856,815	$296,044	$62,797

GOLD MEDAL KARATE INC