New Canaan Athletic Foundation Inc (EIN 815049857) - 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 Benevento

Phone

9176177149

Tax Period

2023-01-01 to 2023-12-31

New Canaan Athletic Foundation Inc, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $341K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Net assets of $804K represent 28 months of operating reserves.

Mission

Support the experience of all youth and NCHS athletes with a broad based community commitment toward facilities and a healthy lifestyle.

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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 (2023)

Revenue Breakdown

Contributions & Grants $202,121

Program Service Revenue $138,712

Investment Income $175

Other Revenue $0

TOTAL REVENUE $341,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $311,908

Other Expenses $343,397

TOTAL EXPENSES $343,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,008	$550,666	-0.4%
Expenses	$343,397	$58,855	+4.8%
Net Income	$-2,389	$491,811	-1.0%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Michael Benevento	Chairman	Director	$0	$0	$0
Mike Murphy	Vice President	Director	$0	$0	$0
Kimberly Conners	Secretary	Director	$0	$0	$0
Robin Biasotti	Director	Director	$0	$0	$0
James Dunning	Director	Director	$0	$0	$0
Andrew Gordon	Treasurer	Director	$0	$0	$0
Patrick Russell	Director	Director	$0	$0	$0
Jeff Fittipaldi	Director	Director	$0	$0	$0
Alex Sacripanti	Director	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	$341,008	$343,397	$803,517	$-2,389
2022	$550,666	$58,855	$776,101	$491,811
2021	$381,704	$96,267	$437,335	$285,437
2019	$436,137	$274,448	$109,380	$161,689

New Canaan Athletic Foundation Inc