PLAYSMART INC (EIN 522111995) - 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

1997

Legal Domicile

Principal Officer

DAVID WRIGHT

Phone

8009708184

Tax Period

2019-01-01 to 2019-12-31

PLAYSMART INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $116K in total revenue in fiscal year 2019. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 25% operating deficit.

Mission

PLAYSMART, INC. HELPS KIDS REACH THEIR ACADEMIC AND LIFE POTENTIAL THROUGH SPORTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $164,862

Program Service Revenue $0

Investment Income $0

Other Revenue $-48,802

TOTAL REVENUE $116,060

Expense Breakdown

Grants Paid $16,624

Salaries & Benefits $45,565

Fundraising Expenses $38

Program Expenses $122,962

Other Expenses $82,692

TOTAL EXPENSES $144,881

Year-over-Year Comparison

	2019	2018	Change
Revenue	$116,060	$152,606	-0.2%
Expenses	$144,881	$149,502	0.0%
Net Income	$-28,821	$3,104	-10.3%

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

Volunteers

100

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
DAVID WRIGHT	CHARIMAN/CO-FOUNDER	10.00	Officer Director	$0	$0	$0
KEVIN KAVANAGH	TREASURER	5.00	Officer Director	$0	$0	$0
JOSEPH BAKER	DIRECTOR	2.00	Director	$0	$0	$0
DEREK LEATHERS	DIRECTOR	5.00	Director	$0	$0	$0
FRANK ILLE	DIRECTOR	5.00	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
2019	$116,060	$144,881	$29,313	$-28,821
2018	$152,606	$149,502	$58,134	$3,104

PLAYSMART INC