LIGHTNING SOCCER INC

EIN: 205991178 501(c)(3)

HANOVER, NH

Total Revenue
$327,354
Total Expenses
$268,538
Total Assets
$264,991
Net Assets
$264,834
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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
2007
Legal Domicile
NH
Principal Officer
CHARLES BARTON
Phone
8026497096
Tax Period
2020-07-01 to 2021-06-30

LIGHTNING SOCCER INC, founded in 2007, is a small nonprofit that reported $327K in total revenue in fiscal year 2020. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 18% operating margin.

Mission

LIGHTNING SOCCER CLUB IS A PREMIER SOCCER CLUB IN THE UPPER VALLEY OF NH AND VT OFFERING COMPETITIVE SOCCER PLAYERS AGES 6 -19 THE CHANCE TO LEARN, TRAIN, AND DEVELOP UNDER THE GUIDANCE OF QUALIFIED COACHES. A COMMUNITY-BASED NONPROFIT ORGANIZATION, LSC PROVIDES PLAYERS AND THEIR FAMILIES THE OPPORTUNITY TO BE PART OF A BROADER SOCCER COMMUNITY IN THE UPPER VALLEY AND BEYOND.

Program Service Accomplishments

Program 1
Expenses: $165,593 Revenue: $254,104

LIGHTNING SOCCER ORGANIZED PRACTICE SESSIONS, GAMES AND TOURNAMENTS FOR OVER 140 CHILDREN IN THE FALL OF 2020, AND OVER 150 CHILDREN IN THE SPRING OF 2021. IN GENERAL, EACH CHILD PARTICIPATES IN 2-3...

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LIGHTNING SOCCER ORGANIZED PRACTICE SESSIONS, GAMES AND TOURNAMENTS FOR OVER 140 CHILDREN IN THE FALL OF 2020, AND OVER 150 CHILDREN IN THE SPRING OF 2021. IN GENERAL, EACH CHILD PARTICIPATES IN 2-3 PRACTICES A WEEK AND, INCLUDING TOURNAMENTS, 1-2 GAMES A WEEK THROUGHOUT EACH OF THE FALL AND SPRING SEASONS. IN ADDITION, LIGHTNING SOCCER ORGANIZED SUMMER AND CAMPS AND WINTER CAMPS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $71,210
Program Service Revenue $254,104
Investment Income $142
Other Revenue $1,898
TOTAL REVENUE $327,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,145
Fundraising Expenses $994
Program Expenses $165,593
Other Expenses $124,393
TOTAL EXPENSES $268,538

Year-over-Year Comparison

2020 2019 Change
Revenue $327,354 $240,565 +0.4%
Expenses $268,538 $305,313 -0.1%
Net Income $58,816 $-64,748 -1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
20
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES BARTON CHAIRMAN 1.00
Officer Director
$0 $0 $0
KYLE SMITH VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARK SCHIFFMAN SECRETARY 2.00
Officer Director
$0 $0 $0
GORDON KOFF TREASURER 1.00
Officer Director
$0 $0 $0
JENNA MCLAUGHLIN GENERAL MEMBER 1.00
Director
$0 $0 $0
DOUGLAS KENNEDY GENERAL MEMBER 1.00
Director
$0 $0 $0
WENDY HALL GENERAL MEMBER 1.00
Director
$0 $0 $0
RAZVAN MIRICA GENERAL MEMBER 1.00
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
2021 $327,354 $268,538 $264,991 $58,816
2020 $240,565 $305,313 $240,873 $-64,748
2019 $423,171 $424,356 $274,720 $-1,185
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