Farmingdale Soccer Club Inc

EIN: 251903425 501(c)(3) Youth Development

Farmingdale, NY

Total Revenue
$266,920
Total Expenses
$291,029
Total Assets
$182,440
Net Assets
$137,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
Frank Gatto
Phone
5165279468
Tax Period
2023-10-01 to 2024-09-30

Farmingdale Soccer Club Inc, founded in 2003, is a small nonprofit in the Youth Development sector that reported $267K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Organization provides opportunities in athletics, especially soccer, teamwork and sportsmanship rules for children of all ages in the Long Island area.

Program Service Accomplishments

Program 1
Expenses: $260,328 Revenue: $266,920

Youth Sports Club which organizes, trains, supervises and manages children and teams in the sport of soccer

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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 $0
Program Service Revenue $266,920
Investment Income $0
Other Revenue $0
TOTAL REVENUE $266,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,060
Fundraising Expenses $0
Program Expenses $260,328
Other Expenses $206,969
TOTAL EXPENSES $291,029

Year-over-Year Comparison

2023 2022 Change
Revenue $266,920 $243,929 +0.1%
Expenses $291,029 $251,337 +0.2%
Net Income $-24,109 $-7,408 +2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
31
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
5
$61,480
Total Directors
6
$61,480
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank Gatto President 4.00
Officer Director
$0 $0 $0
Frank Mollo Executive Vice President 4.00
Officer Director
$0 $0 $0
John Recine 1st Vice President 4.00
Officer Director
$61,480 $0 $61,480
Samer Rabie 2nd Vice President 4.00
Officer Director
$0 $0 $0
Kristen Twomley Recording Secretary 4.00
Officer Director
$0 $0 $0
Steven Ballas 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
2024 $266,920 $291,029 $182,440 $-24,109
2023 $243,929 $251,337 $203,052 $-7,408
2022 $232,530 $188,520 $175,751 $44,010
2021 $194,341 $171,385 $132,287 $22,956
2020 $97,132 $119,830 $110,370 $-22,698
2019 $162,631 $176,120 $133,027 $-13,489
2018 $176,043 $157,915 $150,732 $18,128
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