GYM RATS INC (EIN 351909952) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

WILLIAM T HENSLEY

Phone

2604715270

Tax Period

2023-01-01 to 2023-12-31

GYM RATS INC, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $126K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $226K exceeded revenue, resulting in a 80% operating deficit.

Mission

TO TEACH CHILDREN THE SPORT OF BASKETBALL AND TO CONCURRENTLY PROMOTE CHARACTER BUILDING AND REDUCE JUVENILE DELINQUENCY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $125,637

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,792

Other Expenses $226,177

TOTAL EXPENSES $226,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,637	$2,234,385	-0.9%
Expenses	$226,177	$2,119,681	-0.9%
Net Income	$-100,540	$114,704	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM T HENSLEY	CEO	10.00	Officer Director	$0	$0	$0
CHRISTOPHER PONCE	DIRECTOR	10.00	Officer Director	$0	$0	$0
MARK BURKS	DIRECTOR	10.00	Officer Director	$0	$0	$0
JARED QUARLES	PRESIDENT	10.00	Officer	$0	$0	$0
NANCY CZUK	SECRETARY/TREASURER	10.00	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	No data	No data	No data	No data
2023	$125,637	$226,177	$13,812	$-100,540
2022	$2,234,385	$2,119,681	$64,352	$114,704
2021	$177,008	$243,804	$64,648	$-66,796
2020	$87,200	$61,005	$16,444	$26,195
2019	$-34,103	$96,036	$2,500	$-130,139
2018	$92,450	$125,335	$128,468	$-32,885

GYM RATS INC