VERONA UNITED SOCCER ASSOCIATION INC

EIN: 221271029 501(c)(3) Recreation & Sports

VERONA, NJ

Total Revenue
$159,290
Total Expenses
$246,400
Total Assets
$157,092
Net Assets
$31,596
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NJ
Principal Officer
HEATHER HEMMER
Phone
8155452008
Tax Period
2021-08-01 to 2022-07-31

VERONA UNITED SOCCER ASSOCIATION INC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $159K in total revenue in fiscal year 2021. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 55% operating deficit.

Mission

VERONA UNITED SOCCER ASSOC. IS A YOUTH SOCCER ORGANIZATION IN VERONA, NJ. IT'S PURPOSE IS TO PROVIDE TRAINING AND COMPETITIVE OPPORTUNITES IN SOCCER FOR THE YOUTH OF VERONA, NJ.

Program Service Accomplishments

Program 1
Expenses: $240,283 Revenue: $159,290

TO PROVIDE TRAINING AND COMPETITIVE OPPORTUNITIES IN SOCCER FOR YOUTH FOR AGES 7 THROUGH 17.

Program 2
Expenses: $2,000

PROVIDE SCHOLARSHIPS TO ASSIST STUDENTS IN FURTHERING THEIR EDUCATION.

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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 $159,290
Investment Income $0
Other Revenue $0
TOTAL REVENUE $159,290

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,283
Other Expenses $244,400
TOTAL EXPENSES $246,400

Year-over-Year Comparison

2021 2020 Change
Revenue $159,290 $259,360 -0.4%
Expenses $246,400 $175,115 +0.4%
Net Income $-87,110 $84,245 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
50

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNA ALBERTINE TREAS 3.00
Officer Director
$0 $0 $0
MICHAEL BURKE PLAYER ADVOC 2.00
Director
$0 $0 $0
TIM DERRICK AT LARGE 2.00
Director
$0 $0 $0
JENNIFER GUPTA RECORDING SE 4.00
Officer Director
$0 $0 $0
HEATHER HEMMER PRESIDENT 8.00
Officer Director
$0 $0 $0
FLORIAN LACOTTE AT LARGE 2.00
Director
$0 $0 $0
CHRIS LAMBERT FIELD MANAGE 8.00
Director
$0 $0 $0
MATT LESZYK TEAM ADMINIS 4.00
Director
$0 $0 $0
JASON NIGRO AT LARGE 2.00
Director
$0 $0 $0
RUBERT NOGALES PRIOR PRESID 1.00
Officer Director
$0 $0 $0
ANDREW SANTAMARIA REGISTRAR 3.00
Officer 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
2022 $159,290 $246,400 $157,092 $-87,110
2021 $259,360 $175,115 $121,006 $84,245
2020 $142,924 $162,543 $86,462 $-19,619
2019 $208,615 $211,116 $156,617 $-2,501
2018 $215,146 $201,896 $154,061 $13,250
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