THE CITY OF NORTH LAUDERDALE RECREATION FOUNDATION INC (EIN 262517021) - 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

MICHAEL SARGIS

Phone

9545974731

Tax Period

2023-10-01 to 2024-09-30

THE CITY OF NORTH LAUDERDALE RECREATION FOUNDATION INC, founded in 2008, is a micro nonprofit in the Recreation & Sports sector that reported $14K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $15K exceeded revenue, resulting in a 13% operating deficit.

Mission

PLANNING, ENCOURAGING, SUPPORTING AND PROMOTING OF COMMUNITY IMPROVEMENT AND GROWTH OF RECREATION AND EDUCATIONAL PROGRAMS OPERATED BY THE CITY OF NORTH LAUDERDALE WHICH ASSISTS EDUCATIONAL, RECREATIONAL AND CULTURAL VENTURES FOR THE BENEFITS OF THE RESIDENTS OF THE CITY OF NORTH LAUDERDALE.

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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 $13,500

Program Service Revenue $0

Investment Income $0

Other Revenue $175

TOTAL REVENUE $13,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,500

Other Expenses $15,417

TOTAL EXPENSES $15,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,675	$19,307	-0.3%
Expenses	$15,417	$38,364	-0.6%
Net Income	$-1,742	$-19,057	-0.9%

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	Role	Reportable Comp	Other Comp	Total
SAMSON BORGELIN	PRESIDENT	Officer Director	$0	$0	$0
MARIO BUSTAMANTE	TREASURER	Officer Director	$0	$0	$0
REGINA MARTIN	DIRECTOR	Director	$0	$0	$0
LUKE LEWIS	DIRECTOR	Director	$0	$0	$0
DEE LEWIS RICKETTS	DIRECTOR	Director	$0	$0	$0
MICHAEL SARGIS	CHIEF EXECUTIVE OFFICER	Officer	$0	$0	$0
KELLY SCHWARTZ	CHIEF FINANCIAL OFFICER	Officer	$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	$13,675	$15,417	$420,557	$-1,742
2023	$19,307	$38,364	$422,299	$-19,057
2022	$11,588	$17,472	$436,856	$-5,884
2021	$14,194	$8,783	$442,740	$5,411
2020	$400,246	$7,870	$437,329	$392,376

THE CITY OF NORTH LAUDERDALE RECREATION FOUNDATION INC