Central Florida Wrestling Academy Inc (EIN 455358056) - 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

2012

Legal Domicile

Principal Officer

Michael Palazzo

Phone

4074924067

Tax Period

2019-01-01 to 2019-12-31

Central Florida Wrestling Academy Inc, founded in 2012, is a small nonprofit that reported $256K in total revenue in fiscal year 2019. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $248K left a modest 3% surplus.

Mission

Central Florida Wrestling Academy, Inc, (CFWA) is a group of young men and women of the ages 6-18 practicing their wrestling skills and competing in wrestling tournaments representing the organization. Our focus is to provide young men and women in Central Florida the opportunity to train and compete on a Statewide, Regional and National Stage with the ultimate goal of one day becoming a NCAA Division 1 National Champion. The club is divided into two groups: a novice group for the less experienced and an advanced group for those with more experience. The program runs 11 months a year and has varying schedules throughout these months depending on the actual season and age group of the athlete.

🔒

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 (2019)

Revenue Breakdown

Contributions & Grants $98,954

Program Service Revenue $157,491

Investment Income $0

Other Revenue $0

TOTAL REVENUE $256,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,386

Fundraising Expenses $1,400

Program Expenses $125,862

Other Expenses $212,578

TOTAL EXPENSES $247,964

Year-over-Year Comparison

	2019	2018	Change
Revenue	$256,445	$230,225	+0.1%
Expenses	$247,964	$225,341	+0.1%
Net Income	$8,481	$4,884	+0.7%

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

Employees

N/A

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

$34,418

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Palazzo	President	65	Officer	$34,418	$0	$34,418
Tolly Spengler	Director	5	Director	$0	$0	$0
Patrick White	Director	5	Director	$0	$0	$0
Steve Laska	Director	5	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
2019	$256,445	$247,964	$21,096	$8,481
2018	$230,225	$225,341	$12,615	$4,884
2017	$223,095	$230,867	$7,731	$-7,772

Central Florida Wrestling Academy Inc