Farmingdale Soccer Club Inc (EIN 251903425) - 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

2003

Legal Domicile

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

Youth Soccer Club

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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 (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

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

$61,480

Total Directors

$61,480

Key Employees

Highest Compensated

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

Farmingdale Soccer Club Inc