SOLON ATHLETIC BOOSTERS

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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

1979

Legal Domicile

Principal Officer

ROBERT FARLEY

Phone

4403496230

Tax Period

2023-07-01 to 2024-06-30

SOLON ATHLETIC BOOSTERS, founded in 1979, is a micro nonprofit in the Education sector that reported $88K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $106K exceeded revenue, resulting in a 20% operating deficit.

Mission

RAISE MONEY FOR HIGH SCHOOL ATHLETIC PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $92,066

THE SOLON ATHLETIC BOOSTERS IS AN EXEMPT ORGANIZATION WHICH SUPPORTS ATHLETIC PROGRAMS AND PROVIDES SCHOLARSHIPS AT SOLON HIGH SCHOOL LOCATED IN SOLON, OH

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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 $36,263

Program Service Revenue $0

Investment Income $0

Other Revenue $52,208

TOTAL REVENUE $88,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,978

Program Expenses $104,005

Other Expenses $32,919

TOTAL EXPENSES $105,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,471	$154,084	-0.4%
Expenses	$105,983	$143,250	-0.3%
Net Income	$-17,512	$10,834	-2.6%

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

390

Independent Members

390

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT FARLEY	PRESIDENT	N/A	Officer	$0	$0	$0
ALLISON JENKINS	1ST VP	N/A	Officer	$0	$0	$0
ERICA KANJ	SECRETARY	N/A	Officer	$0	$0	$0
CORY LANCE	2ND VP	N/A	Officer	$0	$0	$0
ADAM ZELWIN	TREASURER	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	$88,471	$105,983	$93,901	$-17,512
2023	No data	No data	No data	No data
2022	$235,686	$202,495	$103,363	$33,191
2021	$49,850	$78,275	$61,761	$-28,425