FITLOT INC (EIN 462195523) - Form 990 Financial Analysis & Trantor Score

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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

Phone

5042641568

Tax Period

2022-01-01 to 2022-12-31

FITLOT INC, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $619K in total revenue in fiscal year 2022. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $978K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO STRENGTHEN PEOPLE AND THIER COMMUNITITES BY SUPPORTING THE CREATION OF LOCAL FITNESS PARKS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $618,900

Program Service Revenue $0

Investment Income $0

Other Revenue $418

TOTAL REVENUE $619,318

Expense Breakdown

Grants Paid $658,226

Salaries & Benefits $208,512

Fundraising Expenses $44,354

Program Expenses $755,100

Other Expenses $111,436

TOTAL EXPENSES $978,174

Year-over-Year Comparison

	2022	2021	Change
Revenue	$619,318	$3,100,030	-0.8%
Expenses	$978,174	$3,485,722	-0.7%
Net Income	$-358,856	$-385,692	-0.1%

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

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

$104,531

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM MEJERSON	Executive Dir.	40.00	Officer	$104,531	$0	$104,531
JAMES CUMMINGS	President	1.00	Officer Director	$0	$0	$0
ARIANNA BASEMAN	Secretary	1.00	Officer Director	$0	$0	$0
STEVE LEWINE	Vice President	1.00	Officer Director	$0	$0	$0
CURT KOLE	Treasurer	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
2022	$619,318	$978,174	$435,379	$-358,856
2021	$3,100,030	$3,485,722	$796,304	$-385,692
2020	$4,427,989	$3,356,672	$1,230,890	$1,071,317
2019	$2,629,282	$2,497,054	$397,828	$132,228

FITLOT INC