KASPAROV CHESS FOUNDATION INC

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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

2002

Legal Domicile

Principal Officer

M KHODARKOVSKY

Phone

2013178581

Tax Period

2024-01-01 to 2024-12-31

KASPAROV CHESS FOUNDATION INC, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 63% operating margin.

Mission

PROMOTION OF THE SPORT OF CHESS

Program Service Accomplishments

Program 1

Expenses: $1,030,831 Revenue: $0

TO PROMOTE THE SPORT OF CHESS BY PROVIDING CHESS PROGRAMS TO YOUTHS; AND TO FURTHER THE EDUCATION OF THE SPORT OF CHESS BY PROVIDING GENERAL INSTRUCTION AND TRAINING. THE ORGANIZATION ALSO PROVIDES...

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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 $1,738,321

Program Service Revenue $0

Investment Income $1,598,975

Other Revenue $0

TOTAL REVENUE $3,337,296

Expense Breakdown

Grants Paid $393,000

Salaries & Benefits $264,628

Fundraising Expenses $26,463

Program Expenses $1,030,831

Other Expenses $579,487

TOTAL EXPENSES $1,237,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,337,296	$1,650,983	+1.0%
Expenses	$1,237,115	$1,132,451	+0.1%
Net Income	$2,100,181	$518,532	+3.1%

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

$250,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRY KASPAROV	CHAIRMAN & PRESIDENT	2.00	Officer	$0	$0	$0
MICHAEL KHODARKOVSKY	EXECUTIVE DIRECTOR	40.00	Officer	$250,000	$0	$250,000
STANLEY DRUCKENMILLER	TRUSTEE	2.00	Director	$0	$0	$0
J CHRISTOPHER FLOWERS	TRUSTEE	2.00	Director	$0	$0	$0
FRANCISCO ALFARO	TRUSTEE	2.00	Director	$0	$0	$0
HUGH VERRIER	TRUSTEE	2.00	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	$3,337,296	$1,237,115	$12,556,416	$2,100,181
2023	$1,650,983	$1,132,451	$9,976,301	$518,532
2022	$2,652,284	$1,009,993	$8,961,752	$1,642,291
2021	$1,748,219	$920,155	$7,558,285	$828,064
2020	$1,902,744	$1,019,643	$7,241,011	$883,101
2019	$1,574,503	$1,070,907	$5,775,765	$503,596
2018	$2,128,846	$1,141,229	$5,083,675	$987,617