New Jersey Soccer Association (EIN 223487104) - 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

Barry Towbin

Phone

7322422673

Tax Period

2022-09-01 to 2023-08-31

New Jersey Soccer Association, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $148K in total revenue in fiscal year 2022. Expenses of $230K exceeded revenue, resulting in a 55% operating deficit.

Mission

The promotion of the sport of soccer while benefitting its players physically, morally, and in all other related 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $147,137

Investment Income $201

Other Revenue $758

TOTAL REVENUE $148,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,014

Fundraising Expenses $0

Program Expenses $202,550

Other Expenses $153,998

TOTAL EXPENSES $230,012

Year-over-Year Comparison

	2022	2021	Change
Revenue	$148,096	$154,654	0.0%
Expenses	$230,012	$222,347	+0.0%
Net Income	$-81,916	$-67,693	+0.2%

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

$57,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Varsallona	Independent Director	20.00	Director	$0	$0	$0
Pat Versallona	Executive Director	20.00	Director	$57,600	$0	$57,600
John Zangrilli	President	4.00	Director	$0	$0	$0
Roberto Ignocallo	VP Administrative Ops	4.00	Director	$0	$0	$0
Lu Aprigliano	VP Technical	4.00	Director	$0	$0	$0
Frank Mitrano	VP Games Ops	4.00	Director	$0	$0	$0
Mike Drazzo	VP Soccer Development	4.00	Director	$0	$0	$0
Mario de Paola	VP Marketing	4.00	Director	$0	$0	$0
Bartosz Cieslak	VP Public Relations Ops	4.00	Director	$0	$0	$0
Michele Kliwinski	State Insurance Director	4.00	Director	$0	$0	$0
Andrew Varsallona	State Treasurer	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$148,096	$230,012	$84,335	$-81,916
2022	$154,654	$222,347	$154,592	$-67,693
2021	$174,685	$88,512	$218,996	$86,173
2020	$144,301	$216,069	$132,824	$-71,768
2019	$292,716	$280,279	$206,900	$12,437
2018	$309,925	$271,854	$192,155	$38,071

New Jersey Soccer Association