HUD FITNESS ASSOCIATION (EIN 521584958) - 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

1988

Legal Domicile

Principal Officer

SENNAI CHAM

Phone

2027081180

Tax Period

2022-05-01 to 2023-04-30

HUD FITNESS ASSOCIATION, founded in 1988, is a small nonprofit that reported $148K in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $175K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE HUD FITNESS ASSOCIATION PROMOTES AND SUPPORTS PHYSICAL FITNESS AND OVERALL HEALTH FOR FEDERAL EMPLOYEES OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT BY PROVIDING AN ON-SITE OCCUPATIONAL HEALTH, PHYSICAL FITNESS, ATHLETIC AND RECREATIONAL FACILITY FOR THE BENEFIT OF ITS APPROXIMATELY 300 MEMBERS. QUALIFIED FITNESS TRAINERS AND INSTRUCTORS STAFF THE FACILITY FOR MEMBER SUPPORT AND OFFER VARIOUS FITNESS CLASSES FOR MEMBERS.

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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 $0

Program Service Revenue $147,547

Investment Income $81

Other Revenue $0

TOTAL REVENUE $147,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,700

Other Expenses $174,696

TOTAL EXPENSES $174,696

Year-over-Year Comparison

	2022	2021	Change
Revenue	$147,628	$170,301	-0.1%
Expenses	$174,696	$176,708	0.0%
Net Income	$-27,068	$-6,407	+3.2%

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
KENNAE BLACK	SECRETARY	1.50	Officer Director	$0	$0	$0
SENNAI CHAM	PRESIDENT	1.50	Officer Director	$0	$0	$0
DOUGLAS DESPER	TREASURER	1.50	Officer Director	$0	$0	$0
VACANT	BOARD MEMBER	N/A	Director	$0	$0	$0
VACANT	BOARD MEMBER	N/A	Director	$0	$0	$0
VACANT	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL WILSON	VICE-PRESIDE	1.50	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
2023	$147,628	$174,696	$102,345	$-27,068
2022	$170,301	$176,708	$131,308	$-6,407
2021	$228,843	$179,678	$136,508	$49,165
2020	$300,067	$312,094	$86,591	$-12,027
2019	$307,917	$323,230	$122,972	$-15,313

HUD FITNESS ASSOCIATION