VICTORY FORMATION FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

TIM VIZZI

Phone

9494270575

Tax Period

2023-01-01 to 2023-12-31

VICTORY FORMATION FOUNDATION INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $331K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 34% operating margin.

Mission

OUR LEAGUE WAS FORMED TO BUILD OUR YOUTH AND COMMUNITY THROUGH SPORTS. AN OUTLET FOR KIDS TO FIRST HAVE FUN, AND DEVELOP THEIR SKILLS AND CHARACTER THROUGH THE GAME'S LESSONS. THROUGH OUR PROGRAM, WE WILL SHAPE BETTER ATHLETES, BUT MORE IMPORTANTLY, BETTER PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $124,805 Revenue: $331,385

TO ASSIST DESERVING CHARITITES IN THEIR MISSION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $331,385

Investment Income $0

Other Revenue $0

TOTAL REVENUE $331,385

Expense Breakdown

Grants Paid $3,005

Salaries & Benefits $47,958

Fundraising Expenses $0

Program Expenses $124,805

Other Expenses $166,194

TOTAL EXPENSES $217,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,385	$241,838	+0.4%
Expenses	$217,157	$105,617	+1.1%
Net Income	$114,228	$136,221	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$18,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM VIZZI	PRESIDENT & CEO	35.00	Director	$18,750	$0	$18,750

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	$331,385	$217,157	$294,526	$114,228
2022	$241,838	$105,617	$180,298	$136,221