THE THISTLE FOOTBALL CLUB INC (EIN 222322024) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

MICHAEL MARA

Phone

9736511996

Tax Period

2022-09-01 to 2023-08-31

THE THISTLE FOOTBALL CLUB INC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $638K in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

TO DEVELOP, PROMOTE AND GOVERN THE GAME OF SOCCER WITHIN THE COMMUNITY BY ENCOURAGING MAXIMUM COMPETITIVENESS WITHIN THE LEAGUE OR LEAGUES THAT THE ASSOCIATION PARTICIPATES IN AND TO PROVIDE AN OPPORTUNITY FOR THE PLAYERS TO EXPRESS THEMSELVES ON THE FIELD AND EXCEL IN LIFE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,177

Program Service Revenue $616,672

Investment Income $25

Other Revenue $970

TOTAL REVENUE $637,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $307,721

Fundraising Expenses $0

Program Expenses $662,836

Other Expenses $369,084

TOTAL EXPENSES $676,805

Year-over-Year Comparison

	2022	2021	Change
Revenue	$637,844	$444,055	+0.4%
Expenses	$676,805	$367,210	+0.8%
Net Income	$-38,961	$76,845	-1.5%

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

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
MICHAEL MARA	PRESIDENT	1.00	Director	$0	$0	$0
ANTHONY FARINHAS	VICE PRESIDENT	1.00	Director	$0	$0	$0
GEORGE NOGUEIRA	VICE PRESIDENT	1.00	Director	$0	$0	$0
JUAN MIRANDA	VICE PRESIDENT	1.00	Director	$0	$0	$0
WILLIAM ALVARES	TREASURER	1.00	Officer	$0	$0	$0
VAN FARINHAS	SECRETARY	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
2023	$637,844	$676,805	$152,482	$-38,961
2022	$418,240	$341,395	$191,443	$76,845
2020	$201,051	$193,674	$141,524	$7,377

THE THISTLE FOOTBALL CLUB INC