LOUDOUN SOUTH LITTLE LEAGUE INC

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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

Principal Officer

JOE SORICELLI

Phone

7032835350

Tax Period

2023-10-01 to 2024-09-30

LOUDOUN SOUTH LITTLE LEAGUE INC, founded in 2007, is a small nonprofit that reported $379K in total revenue in fiscal year 2023.

Mission

LOUDOUN SOUTH LITTLE LEAGUE IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE, DEVELOP, SUPERVISE, AND VOLUNTARILY ASSIST IN ALL LAWFUL WAYS, THE INTEREST OF THOSE WHO WILL PARTICIPATE IN LITTLE LEAGUE BASEBALL AND SOFTBALL. THROUGH PROPER GUIDANCE AND EXEMPLARY LEADERSHIP, THE LOUDOUN SOUTH LITTLE LEAGUE PROGRAM ASSISTS CHILDREN IN DEVELOPING THE QUALITIES OF CITIZENSHIP, DISCIPLINE, TEAMWORK AND PHYSICAL WELL-BEING. BY TEACHING THE VIRTUES OF CHARACTER, COURAGE AND LOYALTY, THE LOUDOUN SOUTH LITTLE LEAGUE BASEBALL AND SOFTBALL PROGRAM IS DESIGNED TO DEVELOP SUPERIOR CITIZENS RATHER THAN SUPERIOR ATHLETES.

Program Service Accomplishments

Program 1

Expenses: $388,444 Revenue: $367,663

THE LEAGUE SUPPORTED MULTIPLE ALL-STAR TEAMS IN BOTH LOCAL AND NATIONAL COMPETITIONS. NOTABLY, LSLL TEAMS WON THE DISTRICT 16 TOURNAMENT IN THE 10/11 AND 11/12-YEAR-OLD DIVISIONS, AS WELL AS IN THE SOFTBALL DIVISION. THESE ACHIEVEMENTS REFLECT THE LEAGUE'S COMMITMENT TO DEVELOPING YOUTH ATHLETES AND FOSTERING TEAM SUCCESS AT VARIOUS COMPETITIVE LEVELS. THE ORGANIZATION FACILITATED COMMUNITY ACCESS BY OFFERING DISCOUNTED REGISTRATION FEES TO LOW-INCOME FAMILIES AND AWARDING SCHOLARSHIPS TO PLAYERS WHOSE PARENTS EXPERIENCED SIGNIFICANT HEALTH-RELATED CHALLENGES. THESE INITIATIVES ENSURED THAT ALL ELIGIBLE YOUTH HAD THE OPPORTUNITY TO PARTICIPATE,REGARDLESS OF FINANCIAL OR PERSONAL HARDSHIP. THE LEAGUE MAINTAINED STRONG COMMUNITY INVOLVEMENT, WITH BOARD MEMBERS ACTIVELY VOLUNTEERING AS COACHES,UMPIRES, AND IN VARIOUS SUPPORT ROLES THROUGHOUT THE YEAR. SEVERAL BOARD MEMBERS ALSO SERVED ON THE DISTRICT BOARD, PROVIDED UMPIRING SERVICES, AND ASSISTED IN ORGANIZING AND HOSTING DISTRICT AND STATE-LEVEL TOURNAMENTS WITHIN THE LOUDOUN SOUTH BORDERS, FURTHER STRENGTHENING COMMUNITY TIES AND LEAGUE VISIBILITY.

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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 $42,760

Program Service Revenue $367,663

Investment Income $-41,782

Other Revenue $10,160

TOTAL REVENUE $378,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $388,444

Other Expenses $401,909

TOTAL EXPENSES $401,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$378,801	$394,379	0.0%
Expenses	$401,909	$456,310	-0.1%
Net Income	$-23,108	$-61,931	-0.6%

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

Employees

N/A

Volunteers

389

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
JOE SORICELLI	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN TRIPLETT	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
BRANDON VAUGHAN	SECRETARY AN	5.00	Officer Director	$0	$0	$0
ZACH HESS	TREASURER	4.00	Officer Director	$0	$0	$0
MAUREEN THAIVALAPPIL	PLAYER AGENT	3.00	Director	$0	$0	$0
CHRIS WARFIELD	TREASURER -	3.00	Officer Director	$0	$0	$0
SCOTT CASETTA	PLAYER AGENT	3.00	Director	$0	$0	$0
STEPHEN RICCIO	PLAYER AGENT	3.00	Director	$0	$0	$0
JODY RUTHERFORD	FACILITIES M	2.00	Director	$0	$0	$0
ROSIE LOVE	CHIEF UMPIRE	5.00	Director	$0	$0	$0
MAT SHANNON	INFORMATION	2.00	Director	$0	$0	$0
JONATHAN MOLLERUP	EQUIPMENT MA	2.00	Director	$0	$0	$0
KEVIN GINTY	COACHING COO	3.00	Director	$0	$0	$0
JASON MCDONOUGH	FUNDRAISING	2.00	Director	$0	$0	$0
MIKE WALKER	LEAGUE SCHED	5.00	Director	$0	$0	$0
WALTER OKPYCH	SOFTBALL OPE	2.00	Director	$0	$0	$0
ASHLEY RUSHING	COMMUNITY AF	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
2024	$378,801	$401,909	$161,823	$-23,108
2023	$394,379	$456,310	$183,931	$-61,931
2022	$382,508	$430,041	$245,862	$-47,533
2021	$390,401	$363,119	$293,395	$27,282
2020	$368,199	$418,322	$266,113	$-50,123
2019	$374,610	$338,461	$316,236	$36,149
2018	$421,663	$352,710	$331,678	$68,953