METROPOLITAN VELODROME INC C/O WENDIE EIGEN-WEINSTEIN (EIN 463311625) - 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

2013

Legal Domicile

Principal Officer

JOSHUA P RECHNITZ

Phone

6467074327

Tax Period

2024-01-01 to 2024-12-31

METROPOLITAN VELODROME INC C/O WENDIE EIGEN-WEINSTEIN, founded in 2013, is a small nonprofit that reported $608K in total revenue in fiscal year 2024. The organization ran a surplus of $605K, a strong 99% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO ERECT, MAINTAIN, AND OPERATE A PUBLIC FACILITY IN THE METROPOLITAN NEW YORK AREA THAT WILL BE A YEAR-ROUND, INDOOR, STATE-OF-THE-ART VELODROME (CYCLING TRACK) AND COMMUNITY CENTER. AS A COMMUNITY CENTER, THE ORGANIZATION WILL CREATE AND OPERATE PROGRAMS FOR USE BY THE GENERAL PUBLIC, COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, AND OTHER GROUPS FOR CHARITABLE, EDUCATIONAL, AND ATHLETIC PURPOSES AND ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $608,206

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $608,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,498

TOTAL EXPENSES $3,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,206	N/A	N/A
Expenses	$3,498	$10,933	-0.7%
Net Income	$604,708	$-10,933	-56.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA P RECHNITZ	CHAIRMAN & TREASURER	5.00	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
2024	$608,206	$3,498	No data	$604,708
2023	No data	$10,933	$2,494	No data
2022	No data	$2,399	$7,883	No data
2021	No data	$2,015	$10,282	No data
2020	$1,064	$3,733	$12,297	$-2,669
2019	$75,000	$122,489	$14,966	$-47,489
2018	$82,000	$22,129	$62,455	$59,871

METROPOLITAN VELODROME INC C/O WENDIE EIGEN-WEINSTEIN