Garden State Soccer League (EIN 222407332) - 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

2008

Legal Domicile

Principal Officer

Pat Varsallona

Phone

6092135606

Tax Period

2024-09-01 to 2025-08-31

Garden State Soccer League, founded in 2008, is a small nonprofit that reported $205K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

The promotion of the sport of soccer while benefitting its players physically, morally and other aspects

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,000

Program Service Revenue $184,383

Investment Income $192

Other Revenue $0

TOTAL REVENUE $204,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,401

Fundraising Expenses $0

Program Expenses $185,589

Other Expenses $175,599

TOTAL EXPENSES $217,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,575	$240,508	-0.1%
Expenses	$217,000	$224,724	0.0%
Net Income	$-12,425	$15,784	-1.8%

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

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
Pat Varsallona	President	4.00	Director	$0	$0	$0
Sal Dionati	VP A Division	4.00	Director	$0	$0	$0
Frank Mitrano	VP B Division	4.00	Director	$0	$0	$0
Jason Olivera	VP 040 Division	4.00	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
2025	$204,575	$217,000	$74,244	$-12,425
2024	$240,508	$224,724	$87,282	$15,784
2023	$154,693	$164,487	$70,886	$-9,794
2022	$197,894	$155,787	$80,680	$42,107
2021	$135,226	$120,103	$38,111	$15,123
2019	$148,586	$157,199	$8,114	$-8,613
2018	$167,232	$163,712	$16,727	$3,520

Garden State Soccer League