IRONBOUND BOXING AND EDUCATION INC (EIN 814215296) - 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

2016

Legal Domicile

Principal Officer

MICHAEL STEADMAN

Phone

8322841045

Tax Period

2024-01-01 to 2024-12-31

IRONBOUND BOXING AND EDUCATION INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $165K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

TO DECREASE THE NUMBER OF AT RISK YOUTH WITHIN THE INNRE CITY AND TO BETTER PREPARE INNER CITY HIGH SCHOOL STUDENTS/YOUNG ADULTS FOR DEMANDING TWENTY-FIRST CENTRY JOBS.

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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 $164,777

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $164,777

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,313

Other Expenses $171,871

TOTAL EXPENSES $173,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,777	$291,398	-0.4%
Expenses	$173,871	$110,261	+0.6%
Net Income	$-9,094	$181,137	-1.1%

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
MIKE STEADMAN	PRESIDENT	40.00	Officer Director	$0	$0	$0
MICHAEL NEMETH	DIRECTOR	0.00	Officer Director	$0	$0	$0
TODD ALEXANDER	DIRECTOR	0.00	Officer Director	$0	$0	$0
MARC SNYDERMAN	DIRECTOR	0.00	Officer Director	$0	$0	$0
MARK HUNTER	DIRECTOR	0.00	Officer Director	$0	$0	$0
VINCE BEACON	DIRECTOR	0.00	Officer Director	$0	$0	$0
STEPHEN MORRIS	DIRECTOR	0.00	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	$164,777	$173,871	$298,080	$-9,094
2023	$291,398	$110,261	$307,174	$181,137

IRONBOUND BOXING AND EDUCATION INC