SOMERS YOUTH SPORTS ORGANIZATION I… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

KEVIN MARCUS

Phone

9142623125

Tax Period

2023-01-01 to 2023-12-31

SOMERS YOUTH SPORTS ORGANIZATION INC, founded in 2009, is a community nonprofit in the Youth Development sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 11% surplus.

Mission

ADMINISTER YOUTH SPORTS PROGRAMS IN THE TOWN OF SOMERS, NY

Program Service Accomplishments

Program 1

Expenses: $1,091,364

SYSO WAS ABLE TO ACHIEVE THE MISSION OF PROMOTING, ORGANIZING AND ADMINISTERING YOUTH SPORTS BASED ON THE PROGRAM INCOME AND SUPPORT RECEIVED DURING THE YEAR. OVER 3,000 YOUTH REGISTERANTS...

SYSO WAS ABLE TO ACHIEVE THE MISSION OF PROMOTING, ORGANIZING AND ADMINISTERING YOUTH SPORTS BASED ON THE PROGRAM INCOME AND SUPPORT RECEIVED DURING THE YEAR. OVER 3,000 YOUTH REGISTERANTS PARTICIPATED IN TEN DIFFERENT SPORT PROGRAMS.

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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 $0

Program Service Revenue $1,232,320

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,232,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,092,264

Other Expenses $1,099,695

TOTAL EXPENSES $1,099,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,232,320	$976,877	+0.3%
Expenses	$1,099,695	$994,421	+0.1%
Net Income	$132,625	$-17,544	-8.6%

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

N/A

Volunteers

200

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
ROBERT BARRETT	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL FINK	TREASURER	N/A	Officer	$0	$0	$0
GLENN HECHLER	VICE PRESIDE	N/A	Officer	$0	$0	$0
JASON KLATSKY	SECRETARY	N/A	Officer	$0	$0	$0
KEVIN MARCUS	PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$1,232,320	$1,099,695	$550,828	$132,625
2022	$976,877	$994,421	$347,002	$-17,544
2021	$785,087	$900,663	$299,863	$-115,576
2020	$541,651	$488,944	$369,078	$52,707
2019	$982,536	$1,024,372	$292,473	$-41,836
2018	$988,915	$1,037,976	$344,087	$-49,061

SOMERS YOUTH SPORTS ORGANIZATION INC