Express Sports Inc
Express Sports Inc: Declining Revenue, High Liabilities, and Questionable Spending
EIN: 223035904 · Ewing, NJ · NTEE: N67Z · Updated: 2026-04-04
About Express Sports Inc
Express Sports Inc (EIN: 223035904) is a nonprofit organization based in Ewing, NJ, classified under NTEE code N67Z. The organization reported total revenue of $282K and total assets of $89K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Express Sports Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Express Sports Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, Express Sports Inc allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly improbable for an organization with reported expenses exceeding $200,000 annually and warrants further investigation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Express Sports Inc's IRS 990 filings:
- Consistent 'c0%' compensation despite significant expenses suggests potential underreporting or alternative compensation structures.
- Liabilities consistently outweigh assets, with $411,921 in liabilities versus $104,818 in assets in 2023, indicating financial instability.
- Revenue has decreased by over 43% from 2018 to 2023, while expenses have not seen a proportional reduction.
- The organization reported $460,683 in revenue and $303,209 in expenses in 2023, yet assets are only $104,818, raising questions about asset management.
- A significant drop in assets from $185,815 in 2020 to $104,818 in 2023, alongside high liabilities, is a major concern.
Strengths
The following positive indicators were identified for Express Sports Inc:
- The organization has maintained operations for several years despite financial challenges, suggesting a dedicated core.
Frequently Asked Questions about Express Sports Inc
What does Express Sports Inc do?
Express Sports Inc is a nonprofit organization in the Recreation & Sports sector, located in Ewing, New Jersey. It is classified under NTEE code N67Z.
How much revenue does Express Sports Inc have?
Express Sports Inc reported total revenue of $281,500. Based on 12 IRS 990 filings on record.
What are Express Sports Inc's total assets?
Express Sports Inc holds total assets of $88,759 as reported in IRS 990 filings.
Where is Express Sports Inc located?
Express Sports Inc is based in Ewing, New Jersey.
What is Express Sports Inc's EIN?
Express Sports Inc's Employer Identification Number (EIN) is 223035904. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Express Sports Inc?
Express Sports Inc is classified under NTEE code N67Z (Recreation & Sports).
Is Express Sports Inc a registered 501(c)(3)?
Yes, Express Sports Inc is recognized as a tax-exempt organization by the IRS. EIN: 223035904.
Does Express Sports Inc file IRS Form 990?
Yes, Express Sports Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Express Sports Inc's revenue in 2023?
In the 202309 filing period, Express Sports Inc reported total revenue of $460,683, total expenses of $303,209, and net assets of $104,818.
Is Express Sports Inc's revenue growing or declining?
Express Sports Inc's revenue is growing. Revenue went from $233,247 (202209) to $460,683 (202309), a +97.5% change. Based on 12 filings on record.
What is Express Sports Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Express Sports Inc covers tax period 202309. It shows revenue of $460,683, expenses of $303,209, total assets of $104,818, and liabilities of $411,921.
How much does Express Sports Inc spend on programs vs administration?
Based on IRS 990 analysis, Express Sports Inc allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Express Sports Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Express Sports Inc shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Express Sports Inc?
The following concerns were identified: Consistent 'c0%' compensation despite significant expenses suggests potential underreporting or alternative compensation structures.. Liabilities consistently outweigh assets, with $411,921 in liabilities versus $104,818 in assets in 2023, indicating financial instability.. Revenue has decreased by over 43% from 2018 to 2023, while expenses have not seen a proportional reduction.. The organization reported $460,683 in revenue and $303,209 in expenses in 2023, yet assets are only $104,818, raising questions about asset management.. A significant drop in assets from $185,815 in 2020 to $104,818 in 2023, alongside high liabilities, is a major concern.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Express Sports Inc's strengths?
Positive indicators for Express Sports Inc include: The organization has maintained operations for several years despite financial challenges, suggesting a dedicated core.. These findings are derived from AI analysis of the organization's financial filings.
How does Express Sports Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly improbable for an organization with reported expenses exceeding $200,000 annually and warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation reported, how are key leadership roles compensated, and what is the actual cost of executive management to the organization?
The filings consistently show 'c0%' for compensation, which is highly unusual. It suggests either that executive compensation is not being reported accurately, or that leadership is entirely volunteer-based, which would be remarkable given the scale of operations and expenses. Further investigation into their operational structure and financial reporting practices is needed to understand how leadership is compensated and the true cost of executive management.
What specific strategies are being implemented to address the significant and ongoing decline in revenue and the persistent imbalance between assets and liabilities?
The data shows a clear downward trend in revenue, from $496,087 in 2018 to $281,500 in 2023, coupled with liabilities consistently exceeding assets. Without additional information, it's unclear what specific strategies, if any, are in place to reverse these trends. A detailed plan for revenue generation, expense control, and liability reduction is critical for the organization's long-term viability.
Filing History
IRS 990 filing history for Express Sports Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Express Sports Inc's revenue has grown by 74%, moving from $265K to $461K. Total assets increased by 1166.2% over the same period, from $8K to $105K. Total functional expenses rose by 13.4%, from $267K to $303K. In its most recent filing year (2023), Express Sports Inc reported a surplus of $157K, with revenue exceeding expenses. The organization holds $412K in liabilities against $105K in assets (debt-to-asset ratio: 393.0%), resulting in net assets of $-307,103.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $461K | $303K | $105K | $412K | — | — |
| 2022 | $233K | $419K | $56K | $521K | — | View 990 |
| 2021 | $447K | $461K | $147K | $425K | — | View 990 |
| 2020 | $358K | $368K | $186K | $450K | — | — |
| 2019 | $371K | $453K | $16K | $271K | — | View 990 |
| 2018 | $496K | $517K | $8K | $181K | — | View 990 |
| 2017 | $485K | $506K | $9K | $161K | — | View 990 |
| 2016 | $489K | $536K | $14K | $144K | — | View 990 |
| 2014 | $399K | $412K | $39K | $49K | — | View 990 |
| 2013 | $343K | $335K | $4K | $205 | — | View 990 |
| 2012 | $301K | $293K | $16K | $20K | — | View 990 |
| 2011 | $265K | $267K | $8K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $461K, expenses of $303K, and assets of $105K (revenue +97.5% year-over-year).
- 2022: Revenue of $233K, expenses of $419K, and assets of $56K (revenue -47.8% year-over-year).
- 2021: Revenue of $447K, expenses of $461K, and assets of $147K (revenue +24.7% year-over-year).
- 2020: Revenue of $358K, expenses of $368K, and assets of $186K (revenue -3.4% year-over-year).
- 2019: Revenue of $371K, expenses of $453K, and assets of $16K (revenue -25.2% year-over-year).
- 2018: Revenue of $496K, expenses of $517K, and assets of $8K (revenue +2.3% year-over-year).
- 2017: Revenue of $485K, expenses of $506K, and assets of $9K (revenue -0.8% year-over-year).
- 2016: Revenue of $489K, expenses of $536K, and assets of $14K (revenue +22.6% year-over-year).
- 2014: Revenue of $399K, expenses of $412K, and assets of $39K (revenue +16.2% year-over-year).
- 2013: Revenue of $343K, expenses of $335K, and assets of $4K (revenue +14.0% year-over-year).
- 2012: Revenue of $301K, expenses of $293K, and assets of $16K (revenue +13.6% year-over-year).
- 2011: Revenue of $265K, expenses of $267K, and assets of $8K.
Data Sources and Methodology
This transparency report for Express Sports Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.