VICTORY FORMATION FOUNDATION INC

EIN: 853736355 501(c)(3) Recreation & Sports

DANA POINT, CA

Total Revenue
$331,385
Total Expenses
$217,157
Total Assets
$294,526
Net Assets
$294,526
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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
2021
Legal Domicile
CA
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

VICTORY FORMATION FOUNDATION IS A VOLUNTEER RUN NON-PROFIT 501(C)(3) CHARITABLE GIVING ORGANIZATION THAT PROVIDES EDUCATIONAL PROGRAMS TO YOUTH.

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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 $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
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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
1
Independent Members
1
Employees
2
Volunteers
10

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
0
$0
Total Directors
1
$18,750
Key Employees
0
$0
Highest Compensated
0
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
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