575 SPORTS & WELLNESS INC (EIN 823723279) - 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

2017

Legal Domicile

Principal Officer

JEFFREY BLACK

Phone

7706854565

Tax Period

2022-01-01 to 2022-12-31

575 SPORTS & WELLNESS INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $921K in total revenue in fiscal year 2022. Expenses of $1.7M exceeded revenue, resulting in a 85% operating deficit.

Mission

DEVELOP TECHNICALLY SKILLED VOLLEYBALL PLAYERS WHO STRIVE TO COMPETE AT THE HIGHEST LEVEL POSSIBLE AND CREATE A POSITIVE ATMOSPHERE WHERE ATHLETES ARE PASSIONATE TO SUCCEED AND COMPETE

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $979,203

Investment Income $-57,998

Other Revenue $0

TOTAL REVENUE $921,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $924,936

Fundraising Expenses $13,400

Program Expenses $1,651,150

Other Expenses $779,486

TOTAL EXPENSES $1,704,422

Year-over-Year Comparison

	2022	2021	Change
Revenue	$921,205	N/A	N/A
Expenses	$1,704,422	$1,219,197	+0.4%
Net Income	$-783,217	$-1,219,197	-0.4%

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

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

$191,669

Total Directors

$191,669

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY BLACK	CEO	50.00	Officer Director	$71,575	$0	$71,575
KORTNEY KIMURA	CFO	40.00	Officer Director	$71,575	$0	$71,575
STEPHEN MICHAEL	SECRETARY	40.00	Officer Director	$48,519	$0	$48,519

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
2022	$921,205	$1,704,422	$71,583	$-783,217
2021	$1,841,153	$1,222,910	$1,007,139	$618,243
2020	$751,833	$721,304	$397,157	$30,529
2019	$696,445	$634,064	$202,893	$62,381

575 SPORTS & WELLNESS INC