FIRE IN THE RING BOXING INC (EIN 471714973) - 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

2014

Legal Domicile

Principal Officer

Jimmy D Ford

Phone

4153745243

Tax Period

2024-01-01 to 2024-12-31

FIRE IN THE RING BOXING INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $252K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

Our mission is to empower youth by teaching the values of sportsmanship, discipline, and self-confidence through the sport of boxing. We strive to create a positive and supportive environment

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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 $251,819

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $251,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,350

Fundraising Expenses $0

Program Expenses $232,851

Other Expenses $176,796

TOTAL EXPENSES $259,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,819	$289,518	-0.1%
Expenses	$259,146	$274,738	-0.1%
Net Income	$-7,327	$14,780	-1.5%

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

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
Jimmy D Ford	PresidentExecDirector	22.00	Officer	$0	$0	$0
Clyde Sison	Chief Operations Officer	25.00	Officer	$0	$0	$0
Laron Mitchell	TreasurerSecretary	5.00	Officer	$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	$251,819	$259,146	$13,978	$-7,327
2023	$289,518	$274,738	$21,305	$14,780
2022	$233,234	$273,164	$6,525	$-39,930
2021	$219,578	$184,287	$46,455	$35,291
2018	$222,964	$173,048	$174,727	$49,916

FIRE IN THE RING BOXING INC