CHESSMATES INC

EIN: 263223464 501(c)(3) Recreation & Sports

BROOKLYN, NY

Total Revenue
$136,407
Total Expenses
$87,273
Total Assets
$323,471
Net Assets
$323,471
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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
NY
Principal Officer
GENNADY SAGALCHIK
Phone
7182327732
Tax Period
2022-01-01 to 2022-12-31

CHESSMATES INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $136K in total revenue in fiscal year 2022. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 36% operating margin.

Mission

CHESS SCHOOL

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $136,407
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $136,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,517
Fundraising Expenses $0
Program Expenses $87,062
Other Expenses $64,756
TOTAL EXPENSES $87,273

Year-over-Year Comparison

2022 2021 Change
Revenue $136,407 $57,890 +1.4%
Expenses $87,273 $46,700 +0.9%
Net Income $49,134 $11,190 +3.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
2

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
0
$0
Total Directors
3
$20,677
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENNADY SAGALCHIK PRESIDENT 30.00
Director
$20,677 $0 $20,677
RICHARD GERTLER VP 10.00
Director
$0 $0 $0
RANDI GERTLER TREASURY 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
2022 $136,407 $87,273 $323,471 $49,134
2021 $57,890 $46,700 $274,337 $11,190
2020 $67,301 $44,814 $263,147 $22,487
2019 $207,953 $190,762 $240,660 $17,191
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