IGNITE ADAPTIVE SPORTS (EIN 840798064) - 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

2007

Legal Domicile

Principal Officer

Thomas V Kissinger

Phone

7203100328

Tax Period

2023-07-01 to 2024-06-30

IGNITE ADAPTIVE SPORTS, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $580K, a strong 46% operating margin.

Mission

Provide adaptive skiing and other recreational activities to physically and or mentally challenged individuals

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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 $1,031,848

Program Service Revenue $64,437

Investment Income $74,538

Other Revenue $99,163

TOTAL REVENUE $1,269,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,018

Fundraising Expenses $26,637

Program Expenses $313,431

Other Expenses $482,673

TOTAL EXPENSES $689,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,269,986	$874,918	+0.5%
Expenses	$689,691	$545,557	+0.3%
Net Income	$580,295	$329,361	+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

Employees

Volunteers

295

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

$73,562

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Kissinger	President	10.00	Officer Director	$0	$0	$0
John LoPorto	VP	10.00	Officer Director	$0	$0	$0
Stuart Olanik	Treaurer	10.00	Officer Director	$0	$0	$0
Zac Clark	Director	2.00	Director	$0	$0	$0
Michael Stone	Director	2.00	Director	$0	$0	$0
David Whitten	Director	2.00	Director	$0	$0	$0
Jon Jonis	Director	2.00	Director	$0	$0	$0
Carol Nickel	Executive Director	40.00	Key Emp	$73,562	$0	$73,562

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
2025	No data	No data	No data	No data
2024	$1,269,986	$689,691	$1,956,388	$580,295
2023	$874,918	$545,557	$1,374,647	$329,361
2022	$508,087	$272,832	$1,052,963	$235,255

IGNITE ADAPTIVE SPORTS