OLYMPIC ACADEMY OF GYMNASTICS

EIN: 311644904 501(c)(3) Recreation & Sports

NEWARK, OH

Total Revenue
$50,785
Total Expenses
$53,423
Total Assets
$12,681
Net Assets
$12,681
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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
1998
Legal Domicile
OH
Principal Officer
KIMBERLEY WATSON
Phone
7403932917
Tax Period
2024-01-01 to 2024-12-31

OLYMPIC ACADEMY OF GYMNASTICS, founded in 1998, is a micro nonprofit in the Recreation & Sports sector that reported $51K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO FOSTER AND PROMOTE BOYS AND GIRLS COMPETITIVE GYMNASTICS

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,785
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $50,785

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,730
Program Expenses $53,423
Other Expenses $10,891
TOTAL EXPENSES $53,423

Year-over-Year Comparison

2024 2023 Change
Revenue $50,785 $44,444 +0.1%
Expenses $53,423 $38,780 +0.4%
Net Income $-2,638 $5,664 -1.5%
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

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Governance

Voting Members
30
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEAH WOLFE PRESIDENT 3
Officer
$0 $0 $0
ASHLEY WILSON VICE PRESIDENT 2
Officer
$0 $0 $0
KATIE FERENCE SECRETARY 2
Officer
$0 $0 $0
KIM WATSON TREASURER 3
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
2025 No data No data No data No data
2024 $50,785 $53,423 $12,681 $-2,638
2023 $44,444 $38,780 $15,319 $5,664
2022 $48,878 $50,192 $9,655 $-1,314
2021 $41,585 $36,370 $10,968 $5,215
2020 $48,468 $45,136 $5,754 $3,332
2019 $29,128 $38,035 $2,422 $-8,907
2018 $53,752 $62,538 $10,948 $-8,786
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