BREAK-N THE CYCLE NONPROFIT CORP

EIN: 851651654 501(c)(3) Recreation & Sports

MIAMI, FL

Total Revenue
$940,194
Total Expenses
$455,221
Total Assets
$457,744
Net Assets
$456,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Principal Officer
MAURICE HANKS
Phone
7864868832
Tax Period
2022-01-01 to 2022-12-31

BREAK-N THE CYCLE NONPROFIT CORP, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $940K in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $485K, a strong 52% operating margin.

Mission

THE ORGANIZATION IS A SPIRITED AND INNOVATIVE URBAN CYCLING GROUP COMPRISED OF BOTH BUDDING AND EXPERIENCED CYCLISTS WHO ARE COMMITED TO "PEDALING FOR A PURPOSE."

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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 (2022)

Revenue Breakdown

Contributions & Grants $940,194
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $940,194

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,816
Fundraising Expenses $0
Program Expenses $455,211
Other Expenses $394,405
TOTAL EXPENSES $455,221

Year-over-Year Comparison

2022 2021 Change
Revenue $940,194 $1,000,009 -0.1%
Expenses $455,221 $438,208 +0.0%
Net Income $484,973 $561,801 -0.1%
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
6
Independent Members
5
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
1
$10,000
Total Directors
1
$10,000
Key Employees
1
$10,595
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANAE TURNER PROGRAM DIRECTOR 40.00
Key Emp
$10,595 $0 $10,595
MAURICE HANKS DIRECTOR 40.00
Officer Director
$10,000 $0 $10,000
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
2023 No data No data No data No data
2022 $940,194 $455,221 $457,744 $484,973
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