Boxers Workout Gym

EIN: 411820191 501(c)(3)

Saint Cloud, MN

Total Revenue
$6,942
Total Expenses
$11,422
Total Assets
$99,701
Net Assets
$97,874
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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
1996
Legal Domicile
MN
Principal Officer
Steve Struffert
Phone
3206540202
Tax Period
2023-01-01 to 2023-12-31

Boxers Workout Gym, founded in 1996, is a micro nonprofit that reported $7K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 65% operating deficit.

Mission

The Organization supports a local boxing program, so that members may compete on a local, State and National level.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,762
Program Service Revenue $55
Investment Income $570
Other Revenue $-6,445
TOTAL REVENUE $6,942

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,047
Other Expenses $10,922
TOTAL EXPENSES $11,422

Year-over-Year Comparison

2023 2022 Change
Revenue $6,942 $29,026 -0.8%
Expenses $11,422 $8,456 +0.4%
Net Income $-4,480 $20,570 -1.2%
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
3
Independent Members
1
Employees
5
Volunteers
10

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
1
$0
Total Directors
3
$33,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Kelm Vice Pres/Treas 5.00
Director
$26,880 $0 $26,880
Jeanette Struffert Secretary 2.00
Director
$6,720 $0 $6,720
Steve Struffert President 1.00
Officer Director
$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 $6,942 $11,422 $99,701 $-4,480
2022 $29,026 $8,456 $106,814 $20,570
2021 $37,827 $11,905 $83,984 $25,922
2020 $-1,190 $10,687 $58,062 $-11,877
2019 $55,876 $6,068 $71,096 $49,808
2018 $-2,249 $8,342 $20,251 $-10,591
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