LAS VEGAS SPORTS INITIATIVE PLAYERS SOCCER CLUB (EIN 141901158) - 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

2005

Legal Domicile

Principal Officer

SAEED BONABIAN

Tax Period

2023-01-01 to 2023-12-31

LAS VEGAS SPORTS INITIATIVE PLAYERS SOCCER CLUB, founded in 2005, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 9% surplus.

Mission

SOCCER INSTRUCTION TO YOUTHS HOLDING ANNUAL SOCCER TOURNAMENTS

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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 $2,039,569

Investment Income $884

Other Revenue $0

TOTAL REVENUE $2,040,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $417,213

Fundraising Expenses $0

Program Expenses $1,854,360

Other Expenses $1,437,147

TOTAL EXPENSES $1,854,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,040,453	$1,865,179	+0.1%
Expenses	$1,854,360	$1,640,277	+0.1%
Net Income	$186,093	$224,902	-0.2%

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

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

$78,300

Total Directors

$60,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAEED BONABIAN	PRESIDENT	40	Officer Director	$60,300	$0	$60,300
JOHN WITUCKI	DIRECTOR	4	Director	$0	$0	$0
MICHAEL COOKLI	TREASURER	4	Officer	$0	$0	$0
MICHAEL SPEDAL	SECRETARY	10	Officer	$18,000	$0	$18,000

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	No data	No data	No data	No data
2023	$2,040,453	$1,854,360	$1,087,738	$186,093
2022	$1,865,179	$1,640,277	$915,452	$224,902
2021	$1,089,983	$1,170,990	$664,645	$-81,007
2020	$762,969	$1,690,127	$680,915	$-927,158
2019	$2,071,466	$1,816,580	$1,463,869	$254,886
2018	$1,815,846	$1,671,383	$1,207,638	$144,463

LAS VEGAS SPORTS INITIATIVE PLAYERS SOCCER CLUB