ANDOVER SOCCER ASSOCIATION INC (EIN 042642923) - 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

1977

Legal Domicile

Principal Officer

NICK ZULLO

Phone

7042938698

Tax Period

2024-01-01 to 2024-12-31

ANDOVER SOCCER ASSOCIATION INC, founded in 1977, is a small nonprofit in the Recreation & Sports sector that reported $553K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDES A YOUTH SOCCER PROGRAM WITHIN THE TOWN OF ANDOVER, MASSACHUSETTS.

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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 $3,075

Program Service Revenue $497,071

Investment Income $53,314

Other Revenue $0

TOTAL REVENUE $553,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $453,689

Other Expenses $592,060

TOTAL EXPENSES $592,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,460	$509,359	+0.1%
Expenses	$592,060	$494,072	+0.2%
Net Income	$-38,600	$15,287	-3.5%

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

200

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

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK ZULLO	PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
TRAVIS ALLEN	VICE PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
MARK RAMSEY	TREASURER & DIRECTOR	2.00	Officer Director	$0	$0	$0
CAITLIN BROWN	SECRETARY & DIRECTOR	2.00	Officer Director	$0	$0	$0
PETER AGUIAR	DIRECTOR	1.00	Director	$0	$0	$0
DENISE BAUR	DIRECTOR	1.00	Director	$0	$0	$0
ADAM HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
PETE KINNEY	DIRECTOR	1.00	Director	$0	$0	$0
CIARAN MCGUINNESS	DIRECTOR	1.00	Director	$0	$0	$0
TARA BODINE	DIRECTOR	1.00	Director	$0	$0	$0
JOE NOONAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SILVERTHORN	DIRECTOR	1.00	Director	$0	$0	$0
MARK SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WILLS	DIRECTOR	1.00	Director	$0	$0	$0
ADRIATIK CALAJ	DIRECTOR	1.00	Director	$0	$0	$0
BECKY CROW	DIRECTOR	1.00	Director	$30,000	$0	$30,000

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	$553,460	$592,060	$1,024,289	$-38,600
2023	$509,359	$494,072	$1,033,661	$15,287
2022	$442,491	$338,287	$981,055	$104,204
2021	$416,192	$307,916	$847,674	$108,276
2020	$28,986	$113,589	$680,185	$-84,603
2019	$442,670	$321,178	$785,303	$121,492
2018	$426,015	$339,339	$679,283	$86,676

ANDOVER SOCCER ASSOCIATION INC