502CIRCLE NIL COLLECTIVE FOUNDATION (EIN 920905366) - 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

MARC E SPIEGEL

Phone

8775732043

Tax Period

2023-01-01 to 2023-12-31

502CIRCLE NIL COLLECTIVE FOUNDATION, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $679K in total revenue in fiscal year 2023. Expenses of $618K left a modest 9% surplus.

Mission

502CIRCLE FOUNDATION IS A NON-PROFIT IN THE CITY OF LOUISVILLE DESIGNED TO POSITION INTERCOLLEGIATE ATHLETES IN THE COMMUNITY TO CREATE AWARENESS AND CHANGE AROUND A VARIETY OF SOCIAL ISSUES. THESE TOPICS ARE MADE UP OF, BUT ARE NOT LIMITED TO HUNGER, CRIME, DRUG USE, MENTAL HEALTH AND SUSTAINABILITY. THESE PROGRAMS HAVE IMPACTED THOUSANDS OF CHILDREN AND FAMILIES THROUGHOUT THE WEST END OF LOUISVILLE, SOUTHERN INDIANA AND A VARIETY OF OTHER LOUISVILLE SUBURBS. ATHLETES HAVE PARTICIPATED IN PROGRAMS WITH DARE TO CARE, LORDS KITCHEN, DELTA FOUNDATION AND OTHERS WHILE HOSTING YOUTH SPORTS CAMPS IN UNDERSERVED AREAS OF TOWN. AS 502CIRCLE FOUNDATION CONTINUES TO GROW FINANCIALLY, THESE OPPORTUNITIES WILL BE LIMITLESS FOR LOUISVILLE ATHLETES AND THE 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 (2023)

Revenue Breakdown

Contributions & Grants $679,348

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $679,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,188

Program Expenses $545,833

Other Expenses $618,148

TOTAL EXPENSES $618,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$679,348	N/A	N/A
Expenses	$618,148	N/A	N/A
Net Income	$61,200	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

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
MARC E SPIEGEL	PRESIDENT	5.00	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
2023	$679,348	$618,148	$75,590	$61,200

502CIRCLE NIL COLLECTIVE FOUNDATION