LA THROWBACK FOUNDATION

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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

2018

Legal Domicile

Principal Officer

DAVID ADELSON

Phone

3108905783

Tax Period

2023-04-01 to 2024-03-31

LA THROWBACK FOUNDATION, founded in 2018, is a micro nonprofit in the Recreation & Sports sector that reported $91K in total revenue in fiscal year 2023. Expenses of $87K left a modest 5% surplus.

Mission

TO PROMOTE THE PLAYING AND TEACHING OF THE SPORT OF ULTIMATE DISC, PARTICULARLY BEACH ULTIMATE DISC, AND TO PROMOTE CIVIC ENGAGEMENT AND CIVIC RESPONSIBILITY IN THE ULTIMATE DISC COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $80,321 Revenue: $91,399

WE PUT ON A LARGE ANNUAL BEACH ULTIMATE TOURNAMENT AS A FUNDRAISER AND USE THE PROCEEDS TO SUPPORT THE GROWTH AND DEVELOPMENT OF THE SPORT OF ULTIMATE DISC. OUR PROGRAMS INCLUDE: A SERIES OF FREE...

WE PUT ON A LARGE ANNUAL BEACH ULTIMATE TOURNAMENT AS A FUNDRAISER AND USE THE PROCEEDS TO SUPPORT THE GROWTH AND DEVELOPMENT OF THE SPORT OF ULTIMATE DISC. OUR PROGRAMS INCLUDE: A SERIES OF FREE BEACH HAT TOURNAMENTS. WE FOUNDED A PROGRAM CALLED ULTIMATE EVERYWHERE WHICH SEEKS TO INCREASE DIVERSITY IN OUR SPORT BY ENCOURAGING PLAYERS TO TAKE THEIR REGULAR GAMES TO PARKS IN PARTS OF TOWN WHERE ULTIMATE IS NOT PLAYED, TO INVITE LOCALS TO JOIN IN, AND TO GIVE OUT ARIA DISCS (WHICH WE PROVIDE FOR FREE) TO ENCOURAGE THE DEVELOPMENT OF THE SPORT IN COMMUNITIES UNDERREPRESENTED IN THE SPORT. WE PROVIDE SUPPORT TO LOCAL AREA YOUTH, COLLEGE, AND CO-ED CLUB

Program 2

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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 $0

Program Service Revenue $91,399

Investment Income $0

Other Revenue $0

TOTAL REVENUE $91,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,142

Program Expenses $80,321

Other Expenses $86,618

TOTAL EXPENSES $86,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,399	$94,378	0.0%
Expenses	$86,618	$89,963	0.0%
Net Income	$4,781	$4,415	+0.1%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WILLIAM ADELSON	PRESIDENT	0.00	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
2024	$91,399	$86,618	$29,686	$4,781
2023	$94,378	$89,963	$23,614	$4,415
2019	$72,240	$53,852	$18,388	$18,388