US AMATEUR WEIGHTLIFTING 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

1985

Legal Domicile

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

BY DIRECTLY SUPPORTING THE NATIONAL GOVERNING BODY FOR USA WEIGHTLIFTING, THE US AMATEUR WEIGHTLIFTING FOUNDATION BUILDS THE STRENGTH COMMUNITY AT EVERY LEVEL UP TO THE OYLMPIC TEAM, AND EXPANDS ACCESS AND EDUCATION FOR THE SPORT, ALL FOR THE BENEFIT OF PERSONAL AND SOCIETAL TRANSFORMATION.

Program Service Accomplishments

Program 1

Expenses: $175,000

WHEN FUNDS ARE AVAILABLE, THE FOUNDATION AWARDS GRANTS TO USA WEIGHTLIFTING TO ENCOURAGE, IMPROVE AND PROMOTE WEIGHTLIFTING IN THE UNITED STATES.

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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 $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

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

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

$280,325

Total Directors

Key Employees

Highest Compensated

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