TR BASKETBALL ASSOCIATION INC CO JOHN BONGIONE - PRESIDENT (EIN 923202518) - 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

Phone

7323413337

Tax Period

2024-09-01 to 2025-08-31

TR BASKETBALL ASSOCIATION INC CO JOHN BONGIONE - PRESIDENT is a small nonprofit in the Recreation & Sports sector that reported $201K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $242K exceeded revenue, resulting in a 20% operating deficit.

Mission

o Provide the youth of Toms River and opportunity to participate in an organized recreational basketball program. The organization is organized exclusively for charitable, literary and educational purposes provided for under Section 501(c) (3) of the Internal Revenue Code of 1986 and does note contemplate pecuniary gain or profit, incidental or otherwise.

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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 $201,125

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,565

Fundraising Expenses $0

Program Expenses $242,193

Other Expenses $231,628

TOTAL EXPENSES $242,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,125	$219,098	-0.1%
Expenses	$242,193	$194,861	+0.2%
Net Income	$-41,068	$24,237	-2.7%

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

N/A

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	Reportable Comp	Other Comp	Total
John Bongione	President	$0	$0	$0
Kevin Stankowitz	Director	$0	$0	$0
Nicholas Columbo	Director	$0	$0	$0
Brian Thompson	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
2025	$201,125	$242,193	$51,106	$-41,068

TR BASKETBALL ASSOCIATION INC CO JOHN BONGIONE - PRESIDENT