WORLD SPORTS INC

EIN: 592229691 501(c)(3) Recreation & Sports

BONITA SPRINGS, FL

Total Revenue
$2,351,264
Total Expenses
$2,390,356
Total Assets
$3,926,102
Net Assets
$3,926,102
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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
1983
Legal Domicile
FL
Principal Officer
EDDIE P WAXER
Phone
2392734112
Tax Period
2023-01-01 to 2023-12-31

WORLD SPORTS INC, founded in 1983, is a community nonprofit in the Recreation & Sports sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

TO ENCOURAGE AND STIMULATE NATIONAL SPORTS MINISTRIES IN ALL COUNTRIES

Program Service Accomplishments

Program 1
Expenses: $2,285,399

WORLD SPORTS FUNDS SPORTS MINISTRY TRAINING CONFERENCES INTERNATIONALLY AND IN THE USA. THE FIVE DAY TO THREE MONTH TRAININGS ARE FOR SPORT AND PLAY LEADERS TO LEARN TO SERVE CHILDREN, YOUTH AND...

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WORLD SPORTS FUNDS SPORTS MINISTRY TRAINING CONFERENCES INTERNATIONALLY AND IN THE USA. THE FIVE DAY TO THREE MONTH TRAININGS ARE FOR SPORT AND PLAY LEADERS TO LEARN TO SERVE CHILDREN, YOUTH AND COMPETITIVE ATHLETES. THE TRAININGS ALSO TEACH ATHLETES AND COMMUNITY GROUPS HOW TO SERVE THEIR CITY DURING REGIONAL AND GLOBAL SPORTS EVENTS. THE STRUCTURED TRAININGS PROVIDES CERTIFICATION OF OUTCOMES. OVER 75,000 ARE TRAINED ANNUALLY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,204,210
Program Service Revenue $38,997
Investment Income $59,764
Other Revenue $48,293
TOTAL REVENUE $2,351,264

Expense Breakdown

Grants Paid $2,049,719
Salaries & Benefits $203,312
Fundraising Expenses $0
Program Expenses $2,285,399
Other Expenses $137,325
TOTAL EXPENSES $2,390,356

Year-over-Year Comparison

2023 2022 Change
Revenue $2,351,264 $2,402,788 0.0%
Expenses $2,390,356 $2,852,793 -0.2%
Net Income $-39,092 $-450,005 -0.9%
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

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Governance

Voting Members
7
Independent Members
6
Employees
1
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
5
$176,176
Total Directors
7
$176,176
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD P WAXER PRESIDENT 40.00
Officer Director
$176,176 $0 $176,176
CARY DRAKE VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
AUSTIN CARR CORRESPONDING SECRETARY 0.00
Officer Director
$0 $0 $0
HUGH MORRIS TREASURER 0.00
Officer Director
$0 $0 $0
JOHN YIP VP 0.00
Officer Director
$0 $0 $0
IVAN BYCHKOV MR 0.00
Director
$0 $0 $0
DAN CALDWELL DIRECTOR 0.00
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
2024 No data No data No data No data
2023 $2,351,264 $2,390,356 $3,926,102 $-39,092
2022 $2,402,788 $2,852,793 $4,080,194 $-450,005
2021 $3,226,167 $3,529,827 $4,415,199 $-303,660
2020 $2,786,604 $1,497,805 $4,718,859 $1,288,799
2019 $2,885,570 $2,751,864 $3,430,060 $133,706
2018 $2,249,140 $2,892,287 $3,305,673 $-643,147
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