US AMATEUR WEIGHTLIFTING FOUNDATION

EIN: 840973909 501(c)(3)

COLORADO SPRINGS, CO

Total Revenue
$266,148
Total Expenses
$354,641
Total Assets
$1,802,479
Net Assets
$1,795,520
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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
1985
Legal Domicile
CO
Principal Officer
MATT SICCHIO
Phone
7198664508
Tax Period
2023-01-01 to 2023-12-31

US AMATEUR WEIGHTLIFTING FOUNDATION, founded in 1985, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. Expenses of $355K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE US AMATEUR WEIGHTLIFTING FOUNDATION WAS ORGANIZED FOR THE BENEFIT AND SUPPORT OF USA WEIGHTLIFTING INC. THE FOUNDATION'S VISION IS TO EXPAND WEIGHTLIFTING ACCESS AND EDUCATION TO ALL BY OFFERING A PLATFORM FOR PERSONAL STRENGTH AND TRANSFORMATION. THROUGH NURTURING USE OF THE BARBELL AT ALL LEVELS AND MAKING WEIGHTLIFTING EVERYONE'S SPORT, WE WILL BUILD A STRONGER SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $227,034
Program Service Revenue $0
Investment Income $39,114
Other Revenue $0
TOTAL REVENUE $266,148

Expense Breakdown

Grants Paid $175,000
Salaries & Benefits $0
Fundraising Expenses $151,263
Program Expenses $175,000
Other Expenses $91,200
TOTAL EXPENSES $354,641

Year-over-Year Comparison

2023 2022 Change
Revenue $266,148 $121,769 +1.2%
Expenses $354,641 $101,044 +2.5%
Net Income $-88,493 $20,725 -5.3%
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

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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
10
Independent Members
10
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
2
$280,325
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY LANEY CHAIRMAN 1.00
Officer Director
$0 $0 $0
GUNNAR PETERSON DIRECTOR 1.00
Director
$0 $0 $0
STEVEN S SMITH DIRECTOR 1.00
Director
$0 $0 $0
SHANE SEVCIK DIRECTOR 1.00
Director
$0 $0 $0
AIMEE RICE DIRECTOR 1.00
Director
$0 $0 $0
GARY SHIFFMAN DIRECTOR 1.00
Director
$0 $0 $0
BRUCE ORECK DIRECTOR 1.00
Director
$0 $0 $0
MARY THEISEN-LAPPEN DIRECTOR 1.00
Director
$0 $0 $0
KATIE VIBRANT ATHLETE REPRESENTATIVE 1.00
Director
$0 $0 $0
MARK HENRY ATHLETE REPRESENTATIVE 1.00
Director
$0 $0 $0
MATT SICCHIO CEO, USA WEIGHTLIFTING 5.00
Officer
$0 $0 $280,325
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 $266,148 $354,641 $1,802,479 $-88,493
2022 $121,769 $101,044 $1,750,551 $20,725
2021 $387,556 $116,919 $2,123,668 $270,637
2020 $150,347 $4,349 $1,596,623 $145,998
2019 $72,212 $1,821 $1,351,419 $70,391
2018 $45,989 $3,228 $1,133,118 $42,761
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