ROCKY MOUNTAIN GOLDEN GLOVES CHARI… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

Chet Fullmer

Tax Period

2023-01-01 to 2023-12-31

ROCKY MOUNTAIN GOLDEN GLOVES CHARITIES, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $184K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 47% operating deficit.

Mission

It is the mission of the Golden Gloves of America, Inc. to provide an activity and safe environment that promotes and enhances the physical and emotional well-being and social development of young athletes; develops individual athletic skills, work ethic, discipline, sportsmansh

Program Service Accomplishments

Program 1

Expenses: $271,604 Revenue: $184,267

Funds are used to provide the equipment, training and arena for the amateur boxers to compete at regional and national boxing championships

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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 $184,267

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $184,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,604

Other Expenses $271,604

TOTAL EXPENSES $271,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,267	$257,674	-0.3%
Expenses	$271,604	$165,161	+0.6%
Net Income	$-87,337	$92,513	-1.9%

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

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
Larry Fullmer	PAST PRESIDENT	4.00	Officer	$0	$0	$0
Hud Fullmer	Secretary	4.00	Officer	$0	$0	$0
Wade Newman	Treasurer	4.00	Officer	$0	$0	$0
Chet Fullmer	President	4.00	Officer	$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
2023	$184,267	$271,604	$300,708	$-87,337
2022	$257,674	$165,161	$388,045	$92,513

ROCKY MOUNTAIN GOLDEN GLOVES CHARITIES