LAWRENCE HAMNETT SOCCER ASSOCIATION

EIN: 222620114 501(c)(3) Recreation & Sports

LAWRENCEVILLE, NJ

Total Revenue
$241,129
Total Expenses
$206,166
Total Assets
$214,438
Net Assets
$214,438
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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
1995
Legal Domicile
NJ
Principal Officer
ERNEST CERONE
Phone
6099120703
Tax Period
2023-01-01 to 2023-12-31

LAWRENCE HAMNETT SOCCER ASSOCIATION, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $241K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $206K left a modest 14% surplus.

Mission

PROMOTE SOCCER TO YOUTH

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,113
Program Service Revenue $0
Investment Income $100
Other Revenue $239,916
TOTAL REVENUE $241,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $205,531
Other Expenses $206,166
TOTAL EXPENSES $206,166

Year-over-Year Comparison

2023 2022 Change
Revenue $241,129 $177,959 +0.4%
Expenses $206,166 $184,091 +0.1%
Net Income $34,963 $-6,132 -6.7%
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

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRK LECOMPTE TRUSTEE N/A
Director
$0 $0 $0
MATT MONETTI TRUSTEE N/A
Director
$0 $0 $0
GREGG ROBB TRUSTEE N/A
Director
$0 $0 $0
KAY BIDLE VP COMPETITI N/A
Officer
$0 $0 $0
ERNEST CERONE TREASURER N/A
Officer
$0 $0 $0
RICO SCARDELLETTI PRESIDENT N/A
Officer
$0 $0 $0
DAN SPITERI V.P. OF RECR N/A
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
2024 No data No data No data No data
2023 $241,129 $206,166 $214,438 $34,963
2022 $177,959 $184,091 $166,227 $-6,132
2021 $187,616 $217,730 $180,731 $-30,114
2020 $129,729 $131,938 $211,751 $-2,209
2019 $196,534 $196,311 $214,082 $223
2018 $189,735 $177,600 $213,859 $12,135
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