PALMETTO UNITED FUTBOL CLUB

EIN: 202890046 501(c)(3)

FORT MILL, SC

Total Revenue
$742
Total Expenses
$18,108
Total Assets
$50,419
Net Assets
$50,419
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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
SC
Principal Officer
WILLIAM FINNEYFROCK
Phone
8038023513
Tax Period
2021-05-01 to 2022-04-30

PALMETTO UNITED FUTBOL CLUB, founded in 2005, is a micro nonprofit that reported $742 in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 2340% operating deficit.

Mission

TO PROMOTE APPRECIATION FOR THE SPORT OF SOCCER BY PROVIDING PREGRESSIVELY HIGHER LEVELS OF COMPETITION WITHIN A SAFE, SUPPORTIVE AND FUN TEACHING ENVIRONMENT.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $742
Investment Income $0
Other Revenue $0
TOTAL REVENUE $742

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,338
Other Expenses $18,108
TOTAL EXPENSES $18,108

Year-over-Year Comparison

2021 2020 Change
Revenue $742 $112,991 -1.0%
Expenses $18,108 $106,146 -0.8%
Net Income $-17,366 $6,845 -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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM FINNEYFROCK TREASURER 1.00
Officer
$0 $0 $0
BENJAMIN SCHWARTZ DIRECTOR 1.00
Officer
$0 $0 $0
PHILIP WELLINGTON PRESIDENT 1.00
Officer
$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
2022 $742 $18,108 $50,419 $-17,366
2021 $112,991 $106,146 $67,785 $6,845
2020 $111,033 $89,998 $60,940 $21,035
2019 $92,713 $91,313 $39,905 $1,400
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