ADDISON COMMUNITY ATHLETICS FOUNDA… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

DAVID W IGNAT

Phone

8023883355

Tax Period

2023-01-01 to 2023-12-31

ADDISON COMMUNITY ATHLETICS FOUNDATION INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $487K in total revenue in fiscal year 2023. Expenses of $431K left a modest 12% surplus.

Mission

TO PROMOTE ATHLETICS AND HEALTHFUL BEHAVIORS THROUGHOUT THE GREATER ADDISON COUNTY REGION OF VERMONT BY SUPPORTING TENNIS AND OTHER HEALTH EDUCATION PROGRAMS FOR YOUTH AND ADULTS.

Program Service Accomplishments

Program 1

Expenses: $158,728 Revenue: $212,137

THE FOUNDATION DEVELOPS AND SUPPORTS PROGRAMS THAT ENGAGE COMMUNITIES IN THE GREATER ADDISON COUNTRY REGION BY OFFERING TENNIS AND OTHER ATHLETIC ACTIVITIES AT THE FOUNDATION'S INDOOR TENNIS...

THE FOUNDATION DEVELOPS AND SUPPORTS PROGRAMS THAT ENGAGE COMMUNITIES IN THE GREATER ADDISON COUNTRY REGION BY OFFERING TENNIS AND OTHER ATHLETIC ACTIVITIES AT THE FOUNDATION'S INDOOR TENNIS FACILITY, AT LOCAL SCHOOLS, AND COMMUNITY COURTS. THROUGH THESE PROGRAMS, THE FOUNDATION SEEKS TO PROMOTE THE HEALTH AND WELL-BEING OF CHILDREN AND ADULTS IN THE GREATER ADDISON COUNTRY REGION OF VERMONT. THE FOUNDATION PROVIDED COMPLIMENTARY SERVICES TO LOCAL SCHOOLS, STUDENTS, AND PROGRAMS TOTALING $12,225 AND $8,667 IN 2023 AND 2022, RESPECTIVELY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $260,463

Program Service Revenue $212,137

Investment Income $12,043

Other Revenue $2,415

TOTAL REVENUE $487,058

Expense Breakdown

Grants Paid $12,225

Salaries & Benefits $236,314

Fundraising Expenses $0

Program Expenses $158,728

Other Expenses $182,255

TOTAL EXPENSES $430,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$487,058	$465,438	+0.0%
Expenses	$430,794	$432,368	0.0%
Net Income	$56,264	$33,070	+0.7%

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

$337,150

Total Directors

$289,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID W IGNAT	PRESIDENT	25.00	Officer Director	$0	$0	$0
ELEANOR P IGNAT	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
THOMAS SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
KATE NEUBAUER	SECRETARY (UNTIL 04/23)	2.00	Officer Director	$0	$49,584	$120,806
ANNA GRADY	SECRETARY (AS OF 04/23)	2.00	Officer Director	$0	$22,449	$169,094
DAVID HAMILTON	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN MCDONOUGH	GENERAL MANAGER	24.00	Officer	$47,250	$0	$47,250

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	$487,058	$430,794	$1,770,675	$56,264
2022	$465,438	$432,368	$1,611,492	$33,070
2021	$433,481	$380,314	$1,740,379	$53,167
2020	$345,141	$273,907	$1,628,537	$71,234
2019	$378,332	$278,951	$1,499,144	$99,381
2018	$382,919	$292,833	$1,352,571	$90,086

ADDISON COMMUNITY ATHLETICS FOUNDATION INC