WRESTLING FOUNDATION INC

EIN: 872510285 501(c)(3) Recreation & Sports

COUNCIL BLUFFS, IA

Total Revenue
$14,781
Total Expenses
$19,675
Total Assets
$118,200
Net Assets
$118,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IA
Principal Officer
GEORGI IVANOV
Tax Period
2023-01-01 to 2023-12-31

WRESTLING FOUNDATION INC, founded in 2021, is a micro nonprofit in the Recreation & Sports sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 33% operating deficit.

Mission

WRESTLING FOUNDATION INC. IS COMMITTED TO ADVANCING ITS MISSION TO HELP WRESTLERS ACHIEVE THEIR ULTIMATE GOALS AND AMPLIFYING THE SPORT OF WRESTLING.

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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 $25,976
Program Service Revenue $0
Investment Income $-11,195
Other Revenue $0
TOTAL REVENUE $14,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,365
Other Expenses $19,675
TOTAL EXPENSES $19,675

Year-over-Year Comparison

2023 2022 Change
Revenue $14,781 $136,981 -0.9%
Expenses $19,675 $13,887 +0.4%
Net Income $-4,894 $123,094 -1.0%
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGI IVANOV PAST PRESIDE 10.00
Officer
$0 $0 $0
IVAN DELCHEV IVANOV VICE PRESIDE 10.00
Officer
$0 $0 $0
WHITNEY IVANOVA TREASURER 10.00
Officer
$0 $0 $0
JEREMY NIELSEN CURRENT PRES N/A
Officer
$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
2023 $14,781 $19,675 $118,200 $-4,894
2022 $136,981 $13,887 $123,094 $123,094
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