Express Sports Inc
Nonprofit profile at a glance
- EIN
- 223035904
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Ewing, NJ, USA
- Phone
- 6098832687
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $480,740
- Expenses
- $352,266
- Assets
- $106,376
- Liabilities
- $394,349
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- MICHAEL RANDAZZO (PRESIDENT/CO)
People named in this filing
- EUGENIE RANDAZZO (TREASURER/CO)
- MICHAEL RANDAZZO (PRESIDENT/CO)
- KRISTINE SPIKE (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide swim instruction and training to children 6-18 years in order to compete as amateurs at local, regional and national levels.
What it reported doing in 2024
Express sports, inc. Is a learn-to-swim and competitive swim team that has been serving the greater trenton area since 1987. We provide a healthy environment in which athletes ages 7-22 can develop life skills, a sense of discipline, time management, respect for teammates/coaches, and strive to achieve their highest goals in competitive swiming. We carry approximately 75 swimmers (program members) at one time, and we offer a minimum of 2.5 hours worth of swim practice 350 days per year. We host four major swim meets every year, at which we supply the volunteers for a total of 10 days. These meets serve the entire New Jersey swimming community, and average approximately 1,000 athletes per event. Express sports athletes compete on the local, state, section, jr. National, national, and even the olimpic trials level. We have three full-time coaches/directors, as well as up to 3 regular assistant coaches on staff to manage daily workouts and mentor the members as they progress through the program.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 31
- Sustainability: 51
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.6%; rating input score 71
- Program expense ratio: 96.7%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 26.7%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 3.71; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -4% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: 0.2% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 14.8% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 70.6% of revenue deployed · 96.7% of spending went to programs
- Governance: 1 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $341K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Independent voting board scored 33/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.