Soccer Rhode Island (EIN 050511901) - 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

2001

Legal Domicile

Principal Officer

Lawrence E Sprague JR

Phone

4013018595

Tax Period

2023-09-01 to 2024-08-31

Soccer Rhode Island, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $509K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $456K left a modest 10% surplus.

Mission

PROMOTE AND DEVELOP YOUTH SOCCER, PROVIDING AVENUES OF PARTICIPATION AT VARIOUS SKILL LEVELS TOMEET THE NEEDS OF THE MEMBERSHIP.

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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 $484,320

Investment Income $8,995

Other Revenue $15,375

TOTAL REVENUE $508,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,678

Fundraising Expenses $0

Program Expenses $351,840

Other Expenses $389,650

TOTAL EXPENSES $456,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,690	$560,811	-0.1%
Expenses	$456,328	$355,254	+0.3%
Net Income	$52,362	$205,557	-0.7%

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

N/A

Employees

Volunteers

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
Steve Marmas	President	020.00	Officer Director	$0	$0	$0
Oscar Delemos	Vice President	010.00	Officer Director	$0	$0	$0
Patricia Votolato	Secretary	010.00	Officer Director	$0	$0	$0
Lawrence Sprague Jr	Treasurer	010.00	Officer Director	$0	$0	$0
Doug Reid	VP of Competition	010.00	Director	$0	$0	$0
James Kelly	VP of Membership	010.00	Director	$0	$0	$0
Russell Costa	VP of ODP	010.00	Director	$0	$0	$0
Scott McDermott	VP of Recreation	010.00	Director	$0	$0	$0
Lawrence Fsih	Past President	002.00	Director	$0	$0	$0
Stephen Vololato	Past President	002.00	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	$508,690	$456,328	$390,383	$52,362
2023	$560,811	$355,254	$338,021	$205,557
2021	$268,632	$243,494	No data	$25,138
2020	$344,274	$321,903	$220,529	$22,371
2019	$387,624	$371,802	$198,158	$15,822
2018	$379,886	$462,762	$182,703	$-82,876

Soccer Rhode Island