PALMETTO UNITED FUTBOL CLUB

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $16,338 Revenue: $742

PALMETTO UNITED FUTBOL CLUB IS A NON-PROFIT ORGANIZATION THAT SERVICES THE UPSTATE OF SOUTH CAROLINA, INCLUDING YORK, LANCASTER, AND CHESTER COUNTIES. THE MISSION OF THE PALMETTO UNITED FUTBOL CLUB IS TO PROMOTE AN APPRECIATION FOR THE SPORT BY PROVIDING PROGRESSIVELY HIGHER LEVELS OF COMPETITION WITHIN A SAFE, SUPPORTIVE AND FUN TEACHING ENVIRONMENT. WE INSTILL A SENSE OF ENTHUSIASM, SELF-CONFIDENCE AND TEAMWORK BY BUILDING UPON THE GAME'S BASIC FUNDAMENTALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
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