PLATINUM CHEER ASSOCIATION

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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

Jennifer Kubiszyn

Phone

7086386958

Tax Period

2023-01-01 to 2023-12-31

PLATINUM CHEER ASSOCIATION, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $428K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

Platinum Cheer is an organization offering competitive recreational cheer. Cheerleading enhances character, independence and social interaction in addition to maximizing each individuals potential. It is the mission of Platinum Cheer to develop each athlete physically and socially through competitive recreational cheer and to create role models and individuals with a sense of leadership within the surrounding communities. We now run full year to keep the athletes in the gym and active.

Program Service Accomplishments

Program 1

Expenses: $87,175 Revenue: $0

Illinois Cheer Association for competition fees

Program 2

Expenses: $125,840

Practice Space Fees - Security Deposit/Monthly Rent/Utilities/Painting/Carpet

Program 3

Expenses: $55,939

Practice Wear for Athletes - T-Shirts, Tanks, Shorts, Practice Bows, Competition Bows

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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 $43,653

Program Service Revenue $384,211

Investment Income $0

Other Revenue $0

TOTAL REVENUE $427,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,340

Fundraising Expenses $0

Program Expenses $381,038

Other Expenses $381,038

TOTAL EXPENSES $418,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,864	$300,281	+0.4%
Expenses	$418,378	$252,646	+0.7%
Net Income	$9,486	$47,635	-0.8%

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

N/A

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

$35,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Lechtenberg	Director	20.00	Director	$10,540	$0	$10,540
Claudia DeSantis	Director	20.00	Director	$9,900	$0	$9,900
Jen Kubiszyn	Director	20.00	Director	$7,700	$0	$7,700
Tanya Giordano	Director	20.00	Director	$7,200	$0	$7,200

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	$427,864	$418,378	$63,386	$9,486
2022	$300,281	$252,646	$42,165	$47,635