TOPSFIELD ATHLETIC ASSOCIATION INC (EIN 237464797) - 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

1948

Legal Domicile

Principal Officer

RICHARD NELSON

Phone

7815410454

Tax Period

2023-01-01 to 2023-12-31

TOPSFIELD ATHLETIC ASSOCIATION INC, founded in 1948, is a small nonprofit in the Recreation & Sports sector that reported $254K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $233K left a modest 8% surplus.

Mission

PROVIDE INSTRUCTION IN VARIOUS SPORTS TO LOCAL YOUTHS AGES 4-17.

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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 $38,817

Program Service Revenue $214,633

Investment Income $84

Other Revenue $0

TOTAL REVENUE $253,534

Expense Breakdown

Grants Paid $7,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,022

Other Expenses $225,484

TOTAL EXPENSES $233,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,534	$267,208	-0.1%
Expenses	$233,234	$243,403	0.0%
Net Income	$20,300	$23,805	-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
JAY KOLLIAS	PRESIDENT	10.00	Director	$0	$0	$0
RICK NELSON	CO-TREASURER	10.00	Director	$0	$0	$0
MARK PAGLIERANI	CO-TREASURER	10.00	Director	$0	$0	$0
MARK WALKER	SECRETARY	10.00	Director	$0	$0	$0
STEVE MAJEWSKI	CORI OFFICER	10.00	Director	$0	$0	$0
COREY FIEDLER	SPORTS TECH/INFO DIRECTOR	10.00	Director	$0	$0	$0
STEVE RICHARDS	TOWN FIELD DIRECTOR	10.00	Director	$0	$0	$0
COREY FIEDLER	DIRECTOR	10.00	Director	$0	$0	$0
RYAN CONNELLY	DIRECTOR	10.00	Director	$0	$0	$0
RICK NELSON	DIRECTOR	10.00	Director	$0	$0	$0
GILLIAN ARATHUZIK	DIRECTOR	10.00	Director	$0	$0	$0
SCOTT YOUNG	DIRECTOR	10.00	Director	$0	$0	$0
STEPHANIE SADOWSKI	DIRECTOR	10.00	Director	$0	$0	$0
BRETT ROBERTO	DIRECTOR	10.00	Director	$0	$0	$0
MARK WALKER	DIRECTOR	10.00	Director	$0	$0	$0
BILL STEWART	DIRECTOR	10.00	Director	$0	$0	$0
BRUCE SPAULDING	DIRECTOR	10.00	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
2024	No data	No data	No data	No data
2023	$253,534	$233,234	$380,239	$20,300
2022	$267,208	$243,403	$359,939	$23,805
2021	$256,488	$199,603	$336,134	$56,885
2019	$238,250	$216,971	$287,577	$21,279
2018	$202,525	$200,488	$266,298	$2,037

TOPSFIELD ATHLETIC ASSOCIATION INC