LENNY SCHELIN JR MEMORIAL TOURNAMENT INC (EIN 901671650) - 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

2019

Legal Domicile

Principal Officer

LENNART SCHELIN

Phone

7725950500

Tax Period

2024-01-01 to 2024-12-31

LENNY SCHELIN JR MEMORIAL TOURNAMENT INC, founded in 2019, is a micro nonprofit in the Health Care sector that reported $48K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 17% operating margin.

Mission

LENNY SCHELIN JR MEMORIAL TOURNAMENT IS AN ANNUAL FISHING TOURNAMENT ORGANIZED TO HELP RAISE MONEY TO HELP FAMILIES AND RESEARCH RELATED TO GLIOBLASTOMA, A FORM OF BRAIN CANCER THAT HAS AFFECTED NUMEROUS FAMILIES IN THE FORT PIERCE AND PORT ST LUCIE FLORIDA AREA.

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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 $0

Program Service Revenue $47,582

Investment Income $32

Other Revenue $0

TOTAL REVENUE $47,614

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $12,581

Program Expenses $25,075

Other Expenses $14,287

TOTAL EXPENSES $39,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,614	$63,069	-0.2%
Expenses	$39,287	$72,402	-0.5%
Net Income	$8,327	$-9,333	-1.9%

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
LENNART SCHELIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
DEBBIE JOHNSTON	TREASURER	N/A	Officer Director	$0	$0	$0
TONY HUERTA	SECRETARY	N/A	Officer Director	$0	$0	$0
DONNA QVARNSTROM	DIRECTOR	N/A	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	$47,614	$39,287	$17,385	$8,327
2023	$63,069	$72,402	$9,058	$-9,333
2022	$64,426	$67,789	$18,391	$-3,363
2021	$63,414	$63,521	$21,754	$-107

LENNY SCHELIN JR MEMORIAL TOURNAMENT INC