SOLANO BEACH CATS (EIN 651244270) - 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

2005

Legal Domicile

Principal Officer

DAVID CORSI

Phone

7608097502

Tax Period

2024-01-01 to 2024-12-31

SOLANO BEACH CATS, founded in 2005, is a micro nonprofit in the Youth Development sector that reported $20K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE SPECIFIC AND PRIMARY PURPOSE IS TO OPERATE A CLUB PROGRAM FOR BOYS AND GIRLS BETWEEN AGE OF 9-15 IN NORTH SAN DIEGO COUNTY, CA. IT IS PRIMARILY A BASKETBALL PROGRAM TO PREPARE

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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 $19,798

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,911

Other Expenses $25,911

TOTAL EXPENSES $25,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,798	$52,929	-0.6%
Expenses	$25,911	$12,697	+1.0%
Net Income	$-6,113	$40,232	-1.2%

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
DAVID CORSI	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID CORSI	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID CORSI	MARKETING DIRECTOR	1.00	Director	$0	$0	$0
DAVID CORSI	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID CORSI	COMMUNITY RELATIONSHIP	1.00	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	$19,798	$25,911	$20,746	$-6,113
2023	$52,929	$12,697	$21,812	$40,232
2022	$401,038	$394,197	$152,892	$6,841
2022	$13,747	$4,790	$15,450	$8,957
2021	$367,624	$343,196	$138,542	$24,428
2020	$190,224	$245,308	$120,852	$-55,084
2019	$325,330	$319,004	$26,344	$6,326
2018	$333,692	$381,901	$6,427	$-48,209

SOLANO BEACH CATS