World Olympic Gymnastics Academy Parent Club

EIN: 752548651 501(c)(3) Recreation & Sports

Plano, TX

Total Revenue
$213,787
Total Expenses
$259,558
Total Assets
$294,776
Net Assets
$294,776
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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
1994
Legal Domicile
TX
Principal Officer
Karin Sanchez
Tax Period
2023-08-01 to 2024-07-31

World Olympic Gymnastics Academy Parent Club, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $214K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 21% operating deficit.

Mission

The Mission of the WOGA Parents Club is to support every child in their endeavor to achieve their individual and team goals in the sport of gymnastics

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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 $137,592
Program Service Revenue $76,130
Investment Income $65
Other Revenue $0
TOTAL REVENUE $213,787

Expense Breakdown

Grants Paid $300
Salaries & Benefits $0
Fundraising Expenses $13,321
Program Expenses $240,680
Other Expenses $259,258
TOTAL EXPENSES $259,558

Year-over-Year Comparison

2023 2022 Change
Revenue $213,787 $274,290 -0.2%
Expenses $259,558 $248,149 +0.0%
Net Income $-45,771 $26,141 -2.8%
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

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Governance

Voting Members
10
Independent Members
10
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
10
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanie Pollard Girls Trave Coordinator 1.00
Director
$0 $0 $0
Jacky Watterson Boys Travel Coordinator 1.00
Director
$0 $0 $0
Kelly Gu Girls Travel Goordinator 1.00
Director
$0 $0 $0
Emma Gothers Girls Travel Coordinator 1.00
Director
$0 $0 $0
Heather Culp Marketing Coordinator 1.00
Officer Director
$0 $0 $0
Lynn Greenfield Asst VP Fundraising 1.00
Officer Director
$0 $0 $0
Verlisa Madden VP Sponsorships 1.00
Officer Director
$0 $0 $0
Anna Prumanov Secretary 5.00
Officer Director
$0 $0 $0
Mishall Oulad-chikh Treasurer 10.00
Officer Director
$0 $0 $0
Karin Sanchez President 30.00
Officer Director
$0 $0 $0
Sabra Weis Parliamentarian 3.00
Officer Director
$0 $0 $0
Allison Lien Asst VP Volunteer Coordinatin 1.00
Officer Director
$0 $0 $0
Felisha Payne VP Fundraising 1.00
Officer Director
$0 $0 $0
Cydya Thomas Assistant Treasurer 1.00
Officer 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 $213,787 $259,558 $294,776 $-45,771
2023 $274,290 $248,149 $275,859 $26,141
2022 $321,572 $224,129 $249,718 $97,443
2021 $216,374 $224,418 $152,275 $-8,044
2020 $355,061 $242,290 $160,320 $112,771
2019 $324,426 $298,586 $47,549 $25,840
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