FOUNDATION CYCLING NEW YORK INC (EIN 270475687) - 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

2009

Legal Domicile

Phone

2129803800

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION CYCLING NEW YORK INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $143K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 22% operating margin.

Mission

Foundation is organized and operated exclusively to foster national and international amateur cycling competition and to support and primarily develop amateur cycling athletes for national and international competition.

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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 (2024)

Revenue Breakdown

Contributions & Grants $142,861

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $142,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,152

Program Expenses $105,768

Other Expenses $111,888

TOTAL EXPENSES $111,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,874	$96,139	+0.5%
Expenses	$111,888	$116,421	0.0%
Net Income	$30,986	$-20,282	-2.5%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD WOLF	President	5.00	Officer Director	$0	$0	$0
DAVE GARGUILO	Treasurer	5.00	Officer Director	$0	$0	$0
STEPHEN MAGYERA	Secretary	5.00	Officer Director	$0	$0	$0
JILL WOLF	CEO	5.00	Officer 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	$142,874	$111,888	$110,589	$30,986
2023	$96,139	$116,421	$67,457	$-20,282
2022	$163,744	$167,795	$80,249	$-4,051
2021	$153,831	$136,918	$98,818	$16,913
2020	$100,142	$98,710	$71,774	$1,432
2019	$74,384	$67,453	$83,130	$6,931
2018	$71,063	$78,327	$45,911	$-7,264

FOUNDATION CYCLING NEW YORK INC