LONG VALLEY UNITED SOCCER CLUB INC

EIN: 222727219 501(c)(3)

LONG VALLEY, NJ

Total Revenue
$92,663
Total Expenses
$129,939
Total Assets
$86,286
Net Assets
$86,286
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NJ
Principal Officer
DAN TOOMEY
Phone
9088769481
Tax Period
2019-07-01 to 2020-06-30

LONG VALLEY UNITED SOCCER CLUB INC, founded in 1986, is a micro nonprofit that reported $93K in total revenue in fiscal year 2019. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 40% operating deficit.

Mission

LVUSC EXISTS TO SERVE THE COMMUNITY OF LONG VALLEY AND WELCOMES THOSE FROM OTHER COMMUNITIES WHO WISH TO ENHANCE THEIR TECHNICAL AND TACTICAL SOCCER SKILLS THROUGH A COMPETITIVE TEAM ENVIRONMENT. LVUSC WILL PROVIDE AN ENVIRONMENT IN WHICH YOUNG ATHLETES WILL DEVELOP THE SKILLS NECESSARY FOR SUCCESS ON THE FIELD AND BEYOND, INCLUDING SPORTSMANSHIP, FAIR PLAY, LEADERSHIP, CHARACTER, AND TEAM WORK, THEREBY HELPING OUR YOUNG ATHLETES TO ACHIEVE THEIR FULL POTENTIAL. THE CLUB WILL PROVIDE FACILITIES FOR AND STRIVE TO DELIVER THE UTMOST IN PROFESSIONALISM FROM ITS COACHES, TRAINERS AND REPRESENTATIVES. EQUALLY IMPORTANT,THE MISSION OF THE PLAYERS AND PARENTS IS TO REPRESENT THE CLUB IN KEEPING WITH THE RULES AND CONDUCT BECOMING THE GAME, JUST AS THE CLUB REPRESENTS THE BEST INTEREST OF ITS PLAYERS. LVUSC'S BOARD OF DIRECTORS WILL ACT AS THE LIAISON TO THE GOVERNING BOARDS OF THE STATE AND VARIOUS LEAGUES IN WHICH THE CLUB PARTICIPATES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $92,658
Investment Income $5
Other Revenue $0
TOTAL REVENUE $92,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $129,939
Other Expenses $129,939
TOTAL EXPENSES $129,939

Year-over-Year Comparison

2019 2018 Change
Revenue $92,663 $181,589 -0.5%
Expenses $129,939 $162,119 -0.2%
Net Income $-37,276 $19,470 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN TOOMEY PRESIDENT 15.00
Officer
$0 $0 $0
RYAN DAVIES TREASURER 15.00
Officer
$0 $0 $0
JOE WALLACE FIRST VICE PRESIDENT 15.00
Officer
$0 $0 $0
CORI BLASI SECRETARY 15.00
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
2020 $92,663 $129,939 $86,286 $-37,276
2019 $181,589 $162,119 $123,562 $19,470
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