THE SHARKS FOUNDATION (USA) INC C/O MARCO MASOTTI (EIN 871747750) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

MARCO V MASOTTI

Phone

2123733034

Tax Period

2024-01-01 to 2024-12-31

THE SHARKS FOUNDATION (USA) INC C/O MARCO MASOTTI, founded in 2021, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $46K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $28K, a strong 60% operating margin.

Mission

THE SHARKS FOUNDATION WORKS TO (I) PROVIDE SUPPORT, ASSISTANCE, RESOURCES, AND MENTORING TO CURRENT, FORMER, AND FUTURE PLAYERS, MANAGEMENT AND ASSOCIATES OF THE SHARKS RUGBY TEAM (AND THEIR FAMILY MEMBERS AND DEPENDENTS), (II) SUPPORT THE HUMANITARIAN OR CHARITABLE PURPOSES OF FOUNDATIONS AND SIMILAR ORGANIZATIONS ESTABLISHED OR LED BY CURRENT OR FORMER PLAYERS OF THE SHARKS RUGBY TEAM, (III) TO SUPPORT HUMANITARIAN OR RELIEF EFFORTS AND ACTIVITIES IN THE CITY OF DURBAN AND SURROUNDING COMMUNITIES IN THE PROVINCE OF KWAZULU NATAL THROUGH GRANTMAKING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $46,442

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,442

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,000

Other Expenses $8,536

TOTAL EXPENSES $18,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,442	$65,500	-0.3%
Expenses	$18,536	$66,175	-0.7%
Net Income	$27,906	$-675	-42.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCO V MASOTTI	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAELA S MASOTTI	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACY A STEIN	TREASURER	1.00	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	$46,442	$18,536	$28,978	$27,906
2023	$65,500	$66,175	$1,072	$-675
2022	No data	$1,543	$1,747	No data
2021	$130,000	$126,710	$3,290	$3,290

THE SHARKS FOUNDATION (USA) INC C/O MARCO MASOTTI