LA STORM YOUTH SPORTS

EIN: 834683223 501(c)(3) Recreation & Sports

BURBANK, CA

Total Revenue
$442,600
Total Expenses
$437,364
Total Assets
$36,394
Net Assets
$12,672
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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
CA
Principal Officer
GAREN ASLANYAN
Phone
8183558683
Tax Period
2024-01-01 to 2024-12-31

LA STORM YOUTH SPORTS, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $443K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

LA STORM IS A YOUTH BASKETBALL ORGANIZATION THAT IS COMMITTED IN HELPING OUR YOUTH. WE ARE DEDICATED IN DEVELOPING OUR YOUTH WITH BASKETBALL SKILLS AND TEACHING THE VALUE OF HARD WORK, TEAMWORK, SPORTSMANSHIP AND "LIFE LESSONS" THROUGH THE GAME OF BASKETBALL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $442,600
Investment Income $0
Other Revenue $0
TOTAL REVENUE $442,600

Expense Breakdown

Grants Paid $250
Salaries & Benefits $136,960
Fundraising Expenses $0
Program Expenses $349,141
Other Expenses $300,154
TOTAL EXPENSES $437,364

Year-over-Year Comparison

2024 2023 Change
Revenue $442,600 $391,343 +0.1%
Expenses $437,364 $390,476 +0.1%
Net Income $5,236 $867 +5.0%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
2
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
2
$126,525
Total Directors
2
$126,525
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAREN ASLANYAN PRESIDENT 40.00
Officer Director
$60,000 $0 $60,000
AVEDIS MELKONYAN SECRETARY 40.00
Officer Director
$66,525 $0 $66,525
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 $442,600 $437,364 $36,394 $5,236
2023 $391,343 $390,476 $31,781 $867
2022 $339,319 $316,193 $31,519 $23,126
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