NEW RENAISSANCE BASKETBALL ASSOCIATION INC

EIN: 453539495 501(c)(3) Recreation & Sports

NEW YORK, NY

Total Revenue
$590,519
Total Expenses
$600,830
Total Assets
$477,167
Net Assets
$477,167
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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
2011
Legal Domicile
DE
Principal Officer
DAN KLORES
Phone
2126854300
Tax Period
2022-10-01 to 2023-09-30

NEW RENAISSANCE BASKETBALL ASSOCIATION INC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $591K in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE OPPORTUNITIES FOR YOUTH TO PARTICIPATE IN BASKETBALL ON AN ORGANIZED AND INSTRUCTIVE BASIS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $586,865
Program Service Revenue $0
Investment Income $3,654
Other Revenue $0
TOTAL REVENUE $590,519

Expense Breakdown

Grants Paid $965
Salaries & Benefits $25,220
Fundraising Expenses $0
Program Expenses $570,929
Other Expenses $574,645
TOTAL EXPENSES $600,830

Year-over-Year Comparison

2022 2021 Change
Revenue $590,519 $481,260 +0.2%
Expenses $600,830 $714,870 -0.2%
Net Income $-10,311 $-233,610 -1.0%
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
25
Independent Members
24
Employees
1
Volunteers
40

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
4
$87,312
Total Directors
29
$33,929
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN KLORES PRESIDENT 1.50
Officer Director
$0 $0 $0
JOHN CARROLL-ON 72023 CHAIRMAN 0.50
Director
$33,929 $0 $33,929
EVELYN ESPINOSA SECRETARY 0.50
Officer Director
$0 $0 $0
CRAIG KLOSK BOARD MEMBER 0.50
Director
$0 $0 $0
JACK IRUSHALMI BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL SALZER BOARD MEMBER 0.50
Director
$0 $0 $0
REGGIE LOVE BOARD MEMBER 0.50
Director
$0 $0 $0
ROB SHARP BOARD MEMBER 0.50
Director
$0 $0 $0
ALAN FISHMAN BOARD MEMBER 0.50
Director
$0 $0 $0
ANTHONY WESTRIECH BOARD MEMBER 0.50
Director
$0 $0 $0
JACKIE HARRIS BOARD MEMBER 0.50
Director
$0 $0 $0
ERIC SCHWARTZ BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS COCO BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL LERNER BOARD MEMBER 0.50
Director
$0 $0 $0
LARRY MCGONEGAL BOARD MEMBER 0.50
Director
$0 $0 $0
WILLIAM MILLER BOARD MEMBER 0.50
Director
$0 $0 $0
PAMELA SCHEIN MURPHY BOARD MEMBER 0.50
Director
$0 $0 $0
GLORIA PRESTIFILIPPO BOARD MEMBER 0.50
Director
$0 $0 $0
JESSE SHAPIRO BOARD MEMBER 0.50
Director
$0 $0 $0
JAMES AHERN OFF 82323 BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREI BERMAN OFF 82323 BOARD MEMBER 0.50
Director
$0 $0 $0
EVAN CUMMINS OFF 82323 BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL LARSEN OFF 82323 BOARD MEMBER 0.50
Director
$0 $0 $0
C SCOTLAND STEVENS BOARD MEMBER 0.50
Director
$0 $0 $0
LAURIE KATZ BOARD MEMBER 0.50
Director
$0 $0 $0
BRADD WILLIAMSON BOARD MEMBER 0.50
Director
$0 $0 $0
ADAM ROSENTHAL OFF 0523 BOARD MEMBER 0.50
Director
$0 $0 $0
AARON SAPERSTEIN BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLIE KING BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW M BORMAN-OFF 82022 EXECUTIVE DIRECTOR 0.50
Officer
$87,312 $0 $87,312
OSWALD 'OZ' CROSS-ON 52023 EXECUTIVE DIRECTOR 40.00
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
2023 $590,519 $600,830 $477,167 $-10,311
2022 $481,260 $714,870 $470,617 $-233,610
2021 $361,596 $561,507 $704,227 $-199,911
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