CAPITAL AREA SOCCER LEAGUE INC

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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

1974

Legal Domicile

Principal Officer

GARY BUETE

Phone

9198343951

Tax Period

2024-08-01 to 2025-07-31

CAPITAL AREA SOCCER LEAGUE INC, founded in 1974, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2024. Expenses of $19.8M left a modest 9% surplus.

Mission

THE MISSION OF NORTH CAROLINA FC YOUTH (NCFCY) IS TO PROVIDE POSITIVE AND HIGH-QUALITY INSTRUCTIONAL AND COMPETITIVE YOUTH SOCCER OPPORTUNITIES AT ALL LEVELS OF PLAY THAT ENHANCE CHARACTER, COMMUNITY AND THE LOVE OF THE GAME FOR A DIVERSE MEMBERSHIP OF YOUTH AGES 4-18 AND THEIR FAMILIES ACROSS DURHAM, ORANGE, CHATHAM AND WAKE COUNTIES AND TO SERVE AS A COMMUNITY PARTNER TO IMPROVING THE QUALITY OF LIFE IN DURHAM, ORANGE, CHATHAM AND WAKE COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $13,346,604 Revenue: $18,979,011

NORTH CAROLINA FC YOUTH (NCFCY) PROVIDES POSITIVE, HIGH QUALITY SOCCER OPPORTUNITIES AT ALL LEVELS OF PLAY FOR YOUTH (AGES 4-18) AND THEIR FAMILIES. NCFCY OFFERS INTRODUCTORY, INTERMEDIATE, AND...

NORTH CAROLINA FC YOUTH (NCFCY) PROVIDES POSITIVE, HIGH QUALITY SOCCER OPPORTUNITIES AT ALL LEVELS OF PLAY FOR YOUTH (AGES 4-18) AND THEIR FAMILIES. NCFCY OFFERS INTRODUCTORY, INTERMEDIATE, AND ADVANCED LEVELS OF PLAY, WHICH ON AVERAGE, SERVE MORE THAN 17,000 PLAYERS EACH YEAR ACROSS THE GREATER TRIANGLE AREA. THROUGH AGE AND DEVELOPMENTALLY APPROPRIATE PROGRAMMING, NCFCY TEACHES THE SKILLS NEEDED TO PLAY SOCCER, WHICH IN TURN ALLOW YOUTH TO LEARN TEAMWORK, RESPECT, SPORTSMANSHIP, BUILDING SELF-ESTEEM AND CONFIDENCE, AND THE IMPORTANCE OF PHYSICAL ACTIVITY AMONG MANY OTHER TRAITS GAINED THROUGH PARTICIPATION.

Program 2

Expenses: $4,568,903

NCFCY OWNS AND OPERATES WRAL SOCCER PARK, A 23-FIELD SPORTS COMPLEX, IN ADDITION TO UTILIZING OVER A HUNDRED OTHER FIELDS THROUGH LEASES AND/OR RENTAL AGREEMENTS WITH PUBLIC AND/OR PRIVATE ENTITIES (E.G., MUNICIPALITIES, SCHOOL SYSTEMS, PRIVATE FACILITY OWNERS, ETC.) TO HOST PRACTICES, GAMES, CAMPS, AND TOURNAMENTS. THROUGH PARTNERSHIPS, NCFCY INVESTS IN THE DEVELOPMENT OF NEW FIELDS, MAINTENANCE OF EXISTING FIELDS, AND FIELD AND FACILITY UPGRADES.

Program 3

Expenses: $216,067

AS PART OF NCFCY'S MISSION, WE ARE COMMITTED TO BEING A VALUABLE COMMUNITY PARTNER BY PROVIDING A SAFE ENVIRONMENT FOR YOUTH TO LEARN AND GROW AND HOSTING EVENTS THAT BENEFIT OUR COMMUNITY. IN...

AS PART OF NCFCY'S MISSION, WE ARE COMMITTED TO BEING A VALUABLE COMMUNITY PARTNER BY PROVIDING A SAFE ENVIRONMENT FOR YOUTH TO LEARN AND GROW AND HOSTING EVENTS THAT BENEFIT OUR COMMUNITY. IN ADDITION TO TRADITIONAL LEAGUE PLAY, NCFCY OFFERS SOCCER OUTREACH PROGRAMS DESIGNED FOR YOUTH IN OUR COMMUNITY OFTEN UNDERREPRESENTED IN THE YOUTH SOCCER SETTING. COMBINED, ALL OUTREACH PROGRAMS OPEN UP THE GAME TO NEARLY 1,000 YOUTH WHO WOULD OTHERWISE NOT HAVE THE OPPORTUNITY TO PLAY. AS PART OF OUR COMMUNITY IMPACT, NCFCY HOSTS MORE THAN 10 SOCCER AND NON-SOCCER EVENTS THROUGHOUT THE YEAR. WE ARE PROUD TO HOST THE AREA'S LARGEST ANNUAL SPORTING EVENT, THE SHOWCASE SERIES (A 4-WEEKEND YOUTH SOCCER TOURNAMENT SERIES), THAT BRINGS IN MORE THAN 1,000 TEAMS EACH YEAR AND GENERATES AN ESTIMATED $24 MILLION IN DIRECT VISITOR SPENDING.

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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 $2,050,905

Program Service Revenue $18,523,706

Investment Income $435,635

Other Revenue $659,947

TOTAL REVENUE $21,670,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,573,093

Fundraising Expenses $268,225

Program Expenses $18,131,574

Other Expenses $9,218,863

TOTAL EXPENSES $19,791,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,670,193	$20,404,335	+0.1%
Expenses	$19,791,956	$18,330,536	+0.1%
Net Income	$1,878,237	$2,073,799	-0.1%

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

477

Volunteers

2500

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

$721,843

Total Directors

Key Employees

$211,922

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DALPE JR	CHAIR	8.00	Officer Director	$0	$0	$0
JIMMY KITSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN REID	TREASURER	2.00	Officer Director	$0	$0	$0
NICK CERULLO	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK FRANCHER	DIRECTOR - HUMAN RESOURCES	2.00	Director	$0	$0	$0
ROBERTO CANALES	DIRECTOR	2.00	Director	$0	$0	$0
ERIC CONROY	DIRECTOR	2.00	Director	$0	$0	$0
RALPH VUONO	DIRECTOR	2.00	Director	$0	$0	$0
EVAN HORWITZ	DIRECTOR	2.00	Director	$0	$0	$0
MARK WOOD	DIRECTOR	2.00	Director	$0	$0	$0
KAREN PLEASANTS	DIRECTOR	2.00	Director	$0	$0	$0
ELAINE MOYER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN-MARK BOLTON	DIRECTOR	2.00	Director	$0	$0	$0
RICK WOODS	DIRECTOR	2.00	Director	$0	$0	$0
FRANCIE GOTTSEGEN	DIRECTOR	2.00	Director	$0	$0	$0
ANA SPITZLEY	DIRECTOR	2.00	Director	$0	$0	$0
GARY BUETE	CEO	40.00	Officer	$476,884	$27,598	$504,482
LIANE BARBER	CHIEF FINANCIAL OFFICER	40.00	Officer	$199,794	$17,567	$217,361
PAUL FORSTER	DIRECTOR OF SOCCER	40.00	Key Emp	$209,422	$2,500	$211,922
ROBERT HARRIS	DIRECTOR OF OPERATIONS	40.00	Highest	$141,446	$7,082	$148,528
KATHARINE EBERHARDT	DIRECTOR BUSINESS DEV	40.00	Highest	$164,019	$17,412	$181,431
DEREK LEADER	GIRLS ECNL NATIONAL DIRECTOR	40.00	Highest	$108,654	$9,474	$118,128
BRYAN BACHELDER	DIRECTOR OF ADMINISTRATION	40.00	Highest	$122,631	$11,138	$133,769
ROBERT S JOHNSTON	CLASSIC DIRECTOR	40.00	Highest	$102,196	$11,853	$114,049

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	$21,670,193	$19,791,956	$24,647,246	$1,878,237
2024	$20,404,335	$18,330,536	$22,137,712	$2,073,799
2023	$16,963,899	$16,714,010	$18,299,628	$249,889
2022	$16,062,389	$14,614,220	$15,161,251	$1,448,169
2021	$13,846,448	$11,880,872	$15,967,738	$1,965,576
2020	$11,818,813	$12,029,296	$12,669,148	$-210,483
2019	$13,879,710	$12,404,981	$13,390,094	$1,474,729
2018	$12,664,017	$11,420,806	$12,461,624	$1,243,211