SKATEISTAN (EIN 270729804) - 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

Principal Officer

DAMON THORLEY

Phone

7202202840

Tax Period

2024-01-01 to 2024-12-31

SKATEISTAN, founded in 2009, is a small nonprofit in the International Affairs sector that reported $582K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $561K left a modest 4% surplus.

Mission

SKATEISTAN USES SKATEBOARDING AS A TOOL FOR EMPOWERING YOUTH TO CREATE NEW OPPORTUNITIES AND THE POTENTIAL FOR CHANGE. THE MISSION OF SKATEISTAN IS TO FOSTER NATIONAL AND INTERNATIONAL COMMUNICATION AND UNDERSTANDING AMONG LOCAL AND INTERNATIONAL CULTURES, TO BUILD THE CONFIDENCE, LEADERSHIP, TEAMWORK, AND OTHER LIFE SKILLS OF VULNERABLE TARGET BENEFICIARIES AND UNDERSERVED YOUTH WORLDWIDE, AND TO PROVIDE SAFE RECREATIONAL AND EDUCATIONAL FACILITIES FOR SUCH YOUTH.

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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 $581,775

Program Service Revenue $0

Investment Income $72

Other Revenue $0

TOTAL REVENUE $581,847

Expense Breakdown

Grants Paid $493,515

Salaries & Benefits $57,859

Fundraising Expenses $0

Program Expenses $561,279

Other Expenses $9,905

TOTAL EXPENSES $561,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$581,847	$853,365	-0.3%
Expenses	$561,279	$1,044,858	-0.5%
Net Income	$20,568	$-191,493	-1.1%

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

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
DAMON THORLEY	TREASURER	2.00	Officer	$0	$0	$0
VIPE DESAI	BOARD MEMBER	1.00	Officer	$0	$0	$0
BRANDON GOMEZ	BOARD MEMBER	1.00	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	$581,847	$561,279	$851,468	$20,568
2023	$853,365	$1,044,858	$830,900	$-191,493
2022	$542,132	$873,077	$1,022,393	$-330,945
2021	$1,200,094	$405,780	$1,353,338	$794,314
2020	$393,234	$108,261	$559,024	$284,973
2019	$258,436	$234,435	$274,051	$24,001

SKATEISTAN