INNERCITY WEIGHTLIFTING INC (EIN 271333425) - 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

2010

Legal Domicile

Principal Officer

JONATHAN FEINMAN

Phone

6177144529

Tax Period

2024-01-01 to 2024-12-31

INNERCITY WEIGHTLIFTING INC, founded in 2010, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 47% operating deficit.

Mission

ICW'S MISSION IS TO REDUCE GUN VIOLENCE BY AMPLIFYING THE VOICE AND AGENCY OF PEOPLE WHO HAVE BEEN MOST IMPACTED BY SYSTEMIC RACISM AND MASS INCARCERATION.

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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 $1,374,116

Program Service Revenue $345,991

Investment Income $121,456

Other Revenue $1,791

TOTAL REVENUE $1,843,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,064,715

Fundraising Expenses $379,647

Program Expenses $2,068,321

Other Expenses $643,137

TOTAL EXPENSES $2,707,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,843,354	$1,924,962	0.0%
Expenses	$2,707,852	$2,679,008	+0.0%
Net Income	$-864,498	$-754,046	+0.1%

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

$372,977

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX GEDEON	CHAIR	1.00	Officer Director	$0	$0	$0
NAVJEET BAL	DIRECTOR	1.00	Director	$0	$0	$0
JASON BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
TARIKH CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CARAZZA	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON LOVELL	DIRECTOR	1.00	Director	$0	$0	$0
TODD MILLAY	DIRECTOR	1.00	Director	$0	$0	$0
MARIAN NAKADA	DIRECTOR	1.00	Director	$0	$0	$0
DESMOND PATTON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN FEINMAN	CHIEF EXECUTIVE OFFICER/FOUNDER	40.00	Officer	$135,000	$2,508	$137,508
RALPH CATALANO	CHIEF OPERATING OFFICER	40.00	Officer	$115,000	$3,450	$118,450
BRIANNA FORDE	CHIEF PROGRAM OFFICER	40.00	Officer	$111,000	$6,019	$117,019

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	$1,843,354	$2,707,852	$4,075,865	$-864,498
2023	$1,924,962	$2,679,008	$5,082,417	$-754,046
2022	$3,687,002	$2,636,486	$5,389,219	$1,050,516
2021	$4,030,474	$2,349,985	$3,964,091	$1,680,489
2020	$2,435,265	$1,918,805	$2,302,909	$516,460
2019	$2,095,444	$1,771,240	$1,799,955	$324,204
2018	$2,040,040	$1,592,080	$1,455,639	$447,960

INNERCITY WEIGHTLIFTING INC