St Cloud Area Golden Gloves Inc (EIN 411688458) - 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

1975

Legal Domicile

Principal Officer

Cindy Schumacher

Phone

3202551269

Tax Period

2024-01-01 to 2024-12-31

St Cloud Area Golden Gloves Inc, founded in 1975, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 37% operating margin.

Mission

To promote and support youth boxing by providing adequate funding, coaching and any other educational and athletic benefit to youth boxing, coaching and overall program of boxing throughout Central Minnesota.

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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 $5,200

Program Service Revenue $15,541

Investment Income $128

Other Revenue $127,259

TOTAL REVENUE $148,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,819

Other Expenses $93,601

TOTAL EXPENSES $93,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,128	$94,234	+0.6%
Expenses	$93,601	$90,665	+0.0%
Net Income	$54,527	$3,569	+14.3%

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

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

$61,415

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Billi Rudningen	Gambling Mgr	25.00	Officer	$32,827	$0	$32,827
Cindy Schumacher	President	20.00	Officer	$23,567	$0	$23,567
Eric Lamb	Treasurer	4.00	Officer	$5,021	$0	$5,021
Sarah Weyh	Secretary	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	$148,128	$93,601	$236,831	$54,527
2023	$94,234	$90,665	$188,204	$3,569
2022	$77,090	$118,182	$179,489	$-41,092
2021	$164,126	$79,194	$216,946	$84,932
2020	$1,790	$56,658	$131,199	$-54,868
2019	$73,833	$78,654	$186,623	$-4,821
2018	$126,918	$109,149	$191,513	$17,769

St Cloud Area Golden Gloves Inc