RIDGE SPORTS FOUNDATION

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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

2003

Legal Domicile

Principal Officer

PAUL CAROLA

Phone

9084632110

Tax Period

2024-04-01 to 2025-03-31

RIDGE SPORTS FOUNDATION, founded in 2003, is a micro nonprofit in the Recreation & Sports sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 94% operating deficit.

Mission

TO RAISE FUNDS TO ENHANCE ATHLETIC FACILITIES AND ACTIVITIES FOR THE YOUTH OF BERNARDS TOWNSHIP, NJ SUPPORT ANNUAL HALL OF FAME BANQUET

Program Service Accomplishments

Program 1

TO RAISE FUNDS TO ENHANCE ATHLETIC FACITLITES AND ACTIVITIES FOR THE YOUTH OF BERNARDS TOWNSHIP NJ SUPPORT ANNUALHALL FAME BANQUET

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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 $3,500

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $3,504

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $2,307

Other Expenses $4,788

TOTAL EXPENSES $6,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,504	$30,772	-0.9%
Expenses	$6,788	$26,976	-0.7%
Net Income	$-3,284	$3,796	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN SPINA	PRESIDENT	1.00	Officer	$0	$0	$0
JACK BARRON	SENIOR VICE PRESIDENT	1.00	Officer	$0	$0	$0
PAUL CAROLA	TREASURER	1.00	Officer	$0	$0	$0
SEAN GOGERTY	SECRETARY	1.00	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
2026	No data	No data	No data	No data
2025	$3,504	$6,788	$6,855	$-3,284
2024	$30,772	$26,976	$10,139	$3,796
2023	$23,482	$37,871	$6,343	$-14,389
2022	$35,000	$20,059	$20,732	$14,941
2021	$28,706	$51,088	$5,791	$-22,382
2020	$21,075	$50,497	$28,270	$-29,422
2019	$13,391	$50,470	$57,692	$-37,079