505 SPORTS VENTURES FOUNDATION INC

EIN: 881351798

ALBUQUERQUE, NM

Total Revenue
$611,840
Total Expenses
$526,904
Total Assets
$84,936
Net Assets
$84,936
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NM
Principal Officer
KURT ROTH
Phone
5053054729
Tax Period
2022-02-11 to 2022-12-31

505 SPORTS VENTURES FOUNDATION INC, founded in 2022, is a small nonprofit that reported $612K in total revenue in fiscal year 2022. Expenses of $527K left a modest 14% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO A) ASSIST STUDENT ATHLETES RESIDING IN NM AND PARTICIPATING IN INTERCOLLEGIATE SPORTS TO COVERS COSTS ASSOCIATED WITH FOOD, SHELTER, MEDICAL EXPENSES & INSURANCE B) PROVIDE COMPENSATION TO STUDENT ATHELETES TO USE THEIR NAME, IMAGE & LIKENESS (NIL) OR FACILITATE OPPORTUNITIES FOR STUDENT ATHLETES TO EARN COMPENSATION FROM A THIRD PARTY FOR NIL C) ASSIST IN PROVIDING EDUCATION AND ADVICE TO STUDENT ATHLETES REGARDING FINANCIAL OBLIGATIONS AND MARKETING OPPORTUNITIES RELATED TO NIL.

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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 $611,697
Program Service Revenue $0
Investment Income $143
Other Revenue $0
TOTAL REVENUE $611,840

Expense Breakdown

Grants Paid $454,880
Salaries & Benefits $0
Fundraising Expenses $71,613
Program Expenses $454,980
Other Expenses $72,024
TOTAL EXPENSES $526,904

Year-over-Year Comparison

2022 2021 Change
Revenue $611,840 N/A N/A
Expenses $526,904 N/A N/A
Net Income $84,936 N/A N/A
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
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT ROTH PRESIDENT 30.00
Officer Director
$0 $0 $0
RAQUEL JESSICA LACESNE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ERIC SIEGEL TREASURER 15.00
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
2022 $611,840 $526,904 $84,936 $84,936
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