WESTLAKE YOUTH ATHLETIC ORGANIZATI… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

TERRENCE BYRD

Phone

2403099000

Tax Period

2024-01-01 to 2024-12-31

WESTLAKE YOUTH ATHLETIC ORGANIZATION IN, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $275K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $259K left a modest 6% surplus.

Mission

TO PROVIDE AN OPPORTUNITY FOR BOYS AND GIRLS TO PARTICIPATE IN LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL AMATEUR ATHLETIC COMPETITIONS.

Program Service Accomplishments

Program 1

Expenses: $209,867 Revenue: $144,048

TO PROMOTE THE PARTICIPATION AND INTEREST IN TEAM SPORTS AMONG THE YOUTH OF THE GREATER WALDORF, MARYLAND AREA.

Program 2

TO PROVIDE CONDITIONING AND SKILL SPECIFIC TRAINING BY PROFESSIONAL COACHES.

Program 3

TO PROVIDE ECONOMIC OPPORTUNITIES TO STUDENT ATHLETES.

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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 $131,040

Program Service Revenue $143,844

Investment Income $0

Other Revenue $204

TOTAL REVENUE $275,088

Expense Breakdown

Grants Paid $4,955

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,867

Other Expenses $253,713

TOTAL EXPENSES $258,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,088	$321,560	-0.1%
Expenses	$258,668	$325,828	-0.2%
Net Income	$16,420	$-4,268	-4.8%

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
TERRENCE BYRD	PRESIDENT	50.00	Officer	$0	$0	$0
GREGORY CLARKE	VICE PRESIDENT	20.00	Officer	$0	$0	$0
PAMELLA HAMILTON	TREASURER	30.00	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	$275,088	$258,668	$5,483	$16,420
2023	$321,560	$325,828	$-140	$-4,268
2022	$379,263	$376,994	$6,105	$2,269
2021	$315,849	$328,603	$4,139	$-12,754
2020	$275,018	$258,204	$15,710	$16,814
2019	$289,810	$294,627	$17	$-4,817
2018	$298,145	$300,347	$5,085	$-2,202

WESTLAKE YOUTH ATHLETIC ORGANIZATION IN