CHARACTER THROUGH SPORTS INC (EIN 883673579) - 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

2022

Legal Domicile

Principal Officer

MICHAEL HARRIGIAN

Phone

6263186428

Tax Period

2024-01-01 to 2024-12-31

CHARACTER THROUGH SPORTS INC, founded in 2022, is a small nonprofit in the Youth Development sector that reported $312K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $870K exceeded revenue, resulting in a 179% operating deficit.

Mission

CTS IS DEDICATED TO YOUTH. OUR MISSION IS PROMOTING AND SUPPORTING HIGH SCHOOL SPORTS THAT CULTIVATE POSITIVE CHARACTER ATTRIBUTES. OUR GOAL IS TO ENCOURAGE GREATER PARTICIPATION IN, AND DEDICATION TO, THE SPORTS WE COVER BY SHOWING INSPIRING PERFORMANCES, HIGHLIGHTING SUCCESS FACTORS, AND DEVELOPING/SUPPORTING THE SPORT COMMUNITY.

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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 $181,297

Program Service Revenue $10,527

Investment Income $102,752

Other Revenue $17,727

TOTAL REVENUE $312,303

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $623,116

Fundraising Expenses $0

Program Expenses $783,195

Other Expenses $239,854

TOTAL EXPENSES $869,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,303	$5,680,239	-0.9%
Expenses	$869,970	$629,217	+0.4%
Net Income	$-557,667	$5,051,022	-1.1%

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

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

$203,427

Total Directors

$203,427

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HARRIGIAN	CEO/VICE PRESIDENT	32.00	Officer Director	$203,427	$0	$203,427
THOMAS GIMBEL	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL GIMBEL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ADRIAN BRIZUELA	CREATIVE DIRECTOR	40.00	Highest	$122,500	$6,120	$128,620

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
2025	No data	No data	No data	No data
2024	$312,303	$869,970	$4,617,768	$-557,667
2023	$5,680,239	$629,217	$5,330,576	$5,051,022

CHARACTER THROUGH SPORTS INC