NEXT SHIFT YOUTH SPORTS FOUNDATION INC

EIN: 843251045 501(c)(3) Recreation & Sports

OYSTER BAY, NY

Total Revenue
N/A
Total Expenses
$500
Total Assets
$1,074
Net Assets
$574
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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
NY
Principal Officer
GEORGE M CHALOS
Phone
5167144300
Tax Period
2023-01-01 to 2023-12-31

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ENGAGE IN ANY ACTIVITY WHICH MAY LAWFULLY BE CONDUCTED IN NEW YORK. IN ADDITION, NEXT SHIFT YOUTH SPORTS FOUNDATION, INC. IS FORMED TO PROMOTE THE GROWTH OF YOUTH SPORTS ON LONG ISLAND AND THROUGHOUT NEW YORK STATE AND TO PROVIDE SCHOLARSHIPS TO YOUTH SPORTS PLAYERS TO PARTICIPATE IN COMPETITIVE TRAVEL PROGRAMS THAT WITHOUT FINANCIAL ASSISTANCE, THEY WOULD BE UNABLE TO AFFORD.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $500
TOTAL EXPENSES $500

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $2,000 -1.0%
Expenses $500 $2,100 -0.8%
Net Income N/A $-100 N/A
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
3
Independent Members
3
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE M CHALOS CHAIRMAN OF N/A
Officer Director
$0 $0 $0
BERNARD DESCHAMPS DIRECTOR N/A
Director
$0 $0 $0
MELISSA RUSSO SECRETRY & T N/A
Officer Director
$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 No data No data No data No data
2023 No data $500 $1,074 No data
2022 $2,000 $2,100 $1,074 $-100
2021 $450 $108 $1,174 $342
2020 $2,000 $1,369 $832 $631
2019 $500 $299 $201 $201
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