NEW YORK GRIT INC (EIN 815408102) - 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

ALAN FLEISHER

Phone

2129253555

Tax Period

2024-01-01 to 2024-12-31

NEW YORK GRIT INC, founded in 2016, is a small nonprofit in the Education sector that reported $413K in total revenue in fiscal year 2024. Revenue surged 219% from the prior year, signaling strong growth momentum. The organization ran a surplus of $334K, a strong 81% operating margin.

Mission

TO USE BASKETBALL AS A VEHICLE TO FOSTER COLLEGE READINESS WITHIN OUR TEAM, BY REINFORCING THAT DEDICATION ON THE COURT TRANSLATES TO SUCCESS IN LIFE.

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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 $407,612

Program Service Revenue $0

Investment Income $5,588

Other Revenue $0

TOTAL REVENUE $413,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,109

Other Expenses $79,032

TOTAL EXPENSES $79,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,200	$129,399	+2.2%
Expenses	$79,032	$91,462	-0.1%
Net Income	$334,168	$37,937	+7.8%

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

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
ALAN FLEISHER	PRESIDENT	4.00	Officer Director	$0	$0	$0
VICTORIA FLEISHER	CO-FOUNDER	1.00	Director	$0	$0	$0
ROBERT FLEISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITNEY MCFADDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE HANDY	BOARD MEMBER	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	$413,200	$79,032	$726,382	$334,168
2021	$238,328	$83,785	$353,775	$154,543

NEW YORK GRIT INC