FRAMINGHAM UNITED SOCCER CLUB INC

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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

1975

Legal Domicile

Principal Officer

CHRIS CONLEY

Phone

6174805220

Tax Period

2023-01-01 to 2023-12-31

FRAMINGHAM UNITED SOCCER CLUB INC, founded in 1975, is a small nonprofit that reported $312K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $379K exceeded revenue, resulting in a 21% operating deficit.

Mission

FRAMINGHAM UNITED SOCCER CLUB, FUSC, IS A MASSACHUSETTS NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO FOSTER AND ASSIST THE DEVELOPMENT OF SOCCER AND TO PROMOTE AND ENCOURAGE SOCIAL, CIVIC, EDUCATIONAL AND ATHLETIC ACTIVITIES. FUSC IS ORGANIZED AND RUN ON A VOLUNTARY BASIS BY DEDICATED PEOPLE WHO HAVE AN INTEREST IN SOCCER, WISH TO PROMOTE THE DEVELOPMENT OF THE SPORT, AND WANT TO PROVIDE A STRUCTURED BUT ENJOYABLE ACTIVITY FOR ITS MEMBER PLAYERS.

Program Service Accomplishments

Program 1

Expenses: $163,793 Revenue: $303,791

TO PROVIDE PARTICIPANTS WITH ORGANIZED TEAMS, SCHEDULES AND PERSONNEL TO CONDUCT SOCCER PROGRAMS FOR ALL PARTICIPANTS IN FALL AND SPRING SEASONS, AS WELL AS MEMORIAL DAY TOURNAMENT.

Program 2

Expenses: $150,412

TO PROVIDE FOR MAINTENANCE OF FIELDS, USE OF GROUNDS AND SCHOOL FACILITIES

Program 3

Expenses: $29,376

TO PROVIDE COACHES AND PARTICIPANTS WITH UNIFORMS AND SOCCER EQUIPMENT

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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 $5,725

Program Service Revenue $303,791

Investment Income $2,261

Other Revenue $0

TOTAL REVENUE $311,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,765

Other Expenses $378,809

TOTAL EXPENSES $378,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,777	$249,847	+0.2%
Expenses	$378,809	$275,706	+0.4%
Net Income	$-67,032	$-25,859	+1.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CONLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMY HOUCK	SECRETARY	N/A	Officer Director	$0	$0	$0
SEAN DONOGHUE	TREASURER	N/A	Officer Director	$0	$0	$0
CHERYL CORMIER	GIRLS DIRECT	N/A	Director	$0	$0	$0
STEVE NUNES	REFEREE DIRE	N/A	Director	$0	$0	$0
MIKE ADLER	IN-TOWN REF	N/A	Director	$0	$0	$0
BRANDON ARMSTRONG	FIELDS DIREC	N/A	Director	$0	$0	$0
ELIZABETH CONANT	TOURNAMENT D	N/A	Director	$0	$0	$0
CHUCK GREENSLIT	REGISTRAR	N/A	Director	$0	$0	$0
SAM WEBSTER	EDUCATION DI	N/A	Director	$0	$0	$0
PAUL HENDERSON	EQUIPMENT DI	N/A	Director	$0	$0	$0
WILLIAM KOBERTZ	TRUSTEE REP.	N/A	Director	$0	$0	$0
WILLIAM KOBERTZ	WEBMASTER	N/A	Director	$0	$0	$0
ROSS WERBLIN	REVOLUTION L	N/A	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	$311,777	$378,809	$178,310	$-67,032
2023	$311,777	$370,440	$186,680	$-58,663
2022	$247,223	$273,082	$277,333	$-25,859
2021	$265,128	$185,606	$270,364	$79,522
2020	$146,117	$119,997	$199,037	$26,120
2019	$294,164	$279,349	$197,321	$14,815
2018	$274,421	$345,880	$198,335	$-71,459