INTERNATIONAL CHEER UNION

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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

2007

Legal Domicile

Principal Officer

KARL OLSON

Phone

9016283677

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL CHEER UNION, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 65% operating deficit.

Mission

DEVELOP INTEREST AND PARTICIPATION IN CHEERLEADING, PROMOTE CHEERLEADING SAFETY, ACT AS AN INTERNATIONAL GOVERNING BODY FOR CHEERLEADING, EDUCATE COACHES AND OFFICIALS, AND CONDUCT A WORLD CHEERLEADING CHAMPIONSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,315,607 Revenue: $617,936

WORLD CHEERLEADING CHAMPIONSHIP (WCC):THE WCC CONDUCTS THE FOLLOWING:- ICU WORLD & JUNIOR WORLD CHAMPIONSHIPS OF 3,000 ATHLETES FROM 70 NATIONS- ICU CONTINENTAL CHAMPIONSHIPS & CUPS IN VERONA, ITALY (EUROPE), BALI, INDONESIA (ASIA), DURBAN, SOUTH AFRICA (AFRICA), AND A WORLD CUP IN SEOUL KOREA (FOR WORLD CLUB TEAMS).- THE INTERNATIONAL OLYMPIC COMMITTEE HAS RECOGNIZED CHEERLEADING AS AN OFFICAL OLYMPIC SPORT.

Program 2

Expenses: $205,614 Revenue: $150,366

SUPPORT TO INTERNATIONAL GOVERNING BODIES FOR TRAINING, COACHING AND SAFETY OF ATHLETES. PROVIDES EDUCATION AND TRAINING FOR 2,000 COACHES IN 90 COUNTRIES.

Program 3

GROWING CHEERLEADING INTERNATIONALLY:- EXPANSION OF THE ICU WORLD CHAMPIONSHIPS DIVISION TO 25 NATIONAL TEAMS SPECIFICALLY FOR ATHLETES WITH DISABILITIES (CALLED PARA SPORT CHEER/ ADAPTIVE ABILITIES) FROM 9 COUNTRIES- SPORT MINISTRY RECOGNITION IN ARGENTINA, BOTSWANA, GEORGIA, SWEDEN, TRINIDAD & TOBAGO- NATIONAL OLYMPIC RECOGNITION IN CANADA, GREECE, AND THAILAND

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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 $291,980

Program Service Revenue $904,991

Investment Income $8,889

Other Revenue $0

TOTAL REVENUE $1,205,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $762,568

Fundraising Expenses $0

Program Expenses $1,521,221

Other Expenses $1,224,608

TOTAL EXPENSES $1,987,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,205,860	$1,746,967	-0.3%
Expenses	$1,987,176	$2,004,114	0.0%
Net Income	$-781,316	$-257,147	+2.0%

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

$165,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY G WEBB	PRESIDENT AND COUNCIL MEMB	1.00	Officer Director	$0	$0	$0
CHANG YU-CHUAN	COUNCIL MEMBER	1.00	Director	$0	$0	$0
RODRIGO ANGUITA FLORES	COUNCIL MEMBER	1.00	Director	$0	$0	$0
WAYNE OBEREM	COUNCIL MEMBER	1.00	Director	$0	$0	$0
YULIA SAUTINA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTOR MARTINEZ	COUNCIL MEMBER	1.00	Director	$0	$0	$0
ALJAZ BRITVIC	COUNCIL MEMBER	1.00	Director	$0	$0	$0
PAMELA CHANG ESTEVEZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL COOPER	COUNCIL MEMBER	1.00	Director	$0	$0	$0
MATT MCDONAUGH	COUNCIL MEMBER	1.00	Director	$0	$0	$0
SUEBSAI BOONVERABUT	COUNCIL MEMBER	1.00	Director	$0	$0	$0
RIIKKA TAIVASSALO	COUNCIL MEMBER	1.00	Director	$0	$0	$0
JOHN NICHOLS	TREASURER	1.00	Officer Director	$0	$0	$0
KARL A OLSON	SECRETARY GENERAL/ CEO	40.00	Officer	$165,000	$0	$165,000

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	No data	No data	No data	No data
2023	$1,205,860	$1,987,176	$334,147	$-781,316
2022	$1,746,967	$2,004,114	$1,450,097	$-257,147
2021	$1,447,810	$1,156,983	$306,777	$290,827
2020	$486,713	$500,738	$21,418	$-14,025
2019	$7,513,780	$8,039,828	$87,471	$-526,048
2018	$6,333,596	$6,558,826	$110,000	$-225,230