SKWC A New Jersey Nonprofit Corporation

EIN: 452778354 501(c)(3) Recreation & Sports

PISCATAWAY, NJ

Total Revenue
$328,974
Total Expenses
$473,380
Total Assets
$651,169
Net Assets
$651,169
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NJ
Principal Officer
Kirk Holderbaum
Phone
7329326500
Tax Period
2024-07-01 to 2025-06-30

SKWC A New Jersey Nonprofit Corporation, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $329K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $473K exceeded revenue, resulting in a 44% operating deficit.

Mission

THE CORPORATION IS A CHARITABLE NON-PROFIT CORPORATION COMMITTED TO FOSTERING NATIONAL AND INTERNATIONAL AMATEUR WRESTLING COMPETITION AMONG ALL AGE GROUPS.

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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 $267,847
Program Service Revenue $21,190
Investment Income $39,937
Other Revenue $0
TOTAL REVENUE $328,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $341,707
Fundraising Expenses $0
Program Expenses $473,380
Other Expenses $131,673
TOTAL EXPENSES $473,380

Year-over-Year Comparison

2024 2023 Change
Revenue $328,974 $375,744 -0.1%
Expenses $473,380 $442,582 +0.1%
Net Income $-144,406 $-66,838 +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
3
Employees
11
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT GOODALE CHAIRMAN - TRUSTEE 2.0
Officer Director
$0 $0 $0
KIRK HOLDERBAUM TREASURER - TRUSTEE 2.0
Officer Director
$0 $0 $0
LEON MAWADIA SECRETARY/PRESIDENT - TRUSTEE 2.0
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
2025 $328,974 $473,380 $651,169 $-144,406
2024 $375,744 $442,582 $751,715 $-66,838
2023 $439,870 $487,644 $749,961 $-47,774
2022 $772,151 $554,145 $761,190 $218,006
2021 $644,672 $378,496 $545,219 $266,176
2018 $436,910 $207,650 $284,995 $229,260
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