NORTH ANDOVER SOCCER ASSOCIATION I… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

JENNIFER MADJAREV

Phone

6172767124

Tax Period

2023-01-01 to 2023-12-31

NORTH ANDOVER SOCCER ASSOCIATION INC, founded in 1979, is a small nonprofit that reported $322K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $391K exceeded revenue, resulting in a 22% operating deficit.

Mission

COACHING, INSTRUCTING AND DEVELOPMENT OF SOCCER FOR THE YOUTH OF NORTH ANDOVER, MASSACHUSETTS

Program Service Accomplishments

Program 1

Expenses: $372,071

COACHING, INSTRUCTING AND DEVELOPMENT IN THE SPORT OF SOCCER FOR THE YOUTH OF NORTH ANDOVER, MASSACHUSETTS APPROX. 1800 YOUTHS

Program 2

Expenses: $6,700

SCHOLARSHIP AWARDED TO COLLEGE BOUND YOUTHS

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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 $0

Program Service Revenue $321,960

Investment Income $63

Other Revenue $0

TOTAL REVENUE $322,023

Expense Breakdown

Grants Paid $6,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $378,771

Other Expenses $384,738

TOTAL EXPENSES $391,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,023	$355,816	-0.1%
Expenses	$391,438	$375,076	+0.0%
Net Income	$-69,415	$-19,260	+2.6%

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

221

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
NICK SAVARESE	PRESIDENT	15.00	Officer Director	$0	$0	$0
JEN BILODEAU	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
JENNIFER MADJAREV	TREASURER	3.00	Officer Director	$0	$0	$0
JIM KEEFE	SECRETARY	3.00	Officer Director	$0	$0	$0
GLENNA PICKETT	DIRECTOR	3.00	Director	$0	$0	$0
DEREK WESSELL	DIRECTOR	3.00	Director	$0	$0	$0
MARK BAILEY	DIRECTOR	3.00	Director	$0	$0	$0
LAURA ARTZ	DIRECTOR	3.00	Director	$0	$0	$0
STACEY MELANSON	DIRECTOR	3.00	Director	$0	$0	$0
KRISTIN PAS	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT HAMMOND	DIRECTOR	3.00	Director	$0	$0	$0
JESSE GIORANIO	DIRECTOR	3.00	Director	$0	$0	$0
ELAYNA HEBERT	DIRECTOR	3.00	Director	$0	$0	$0
KRISTEN WATSON	DIRECTOR	3.00	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
2024	No data	No data	No data	No data
2023	$322,023	$391,438	$102,079	$-69,415
2022	$355,816	$375,076	$171,494	$-19,260
2021	$415,176	$306,500	$190,754	$108,676
2020	$169,853	$176,383	$82,078	$-6,530
2019	$286,510	$301,224	$88,608	$-14,714
2018	$307,935	$303,587	$103,322	$4,348

NORTH ANDOVER SOCCER ASSOCIATION INC