LAKE GASTON SOCCER ASSOCIATION (EIN 260663213) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

HOLLY MCFARLAND

Phone

4347746686

Tax Period

2025-01-01 to 2025-12-31

LAKE GASTON SOCCER ASSOCIATION, founded in 2008, is a micro nonprofit in the Recreation & Sports sector that reported $49K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $66K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO TEACH FAIR PLAY, TEAMWORK, AND SPORTSMANSHIP THROUGH PROGRAMS THAT PROMOTE PHYSICAL FITNESS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $66,059

Program Service Revenue $34,980

Investment Income $0

Other Revenue $3,097

TOTAL REVENUE $104,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,670

Other Expenses $101,670

TOTAL EXPENSES $101,670

Year-over-Year Comparison

	2025	2024	Change
Revenue	$104,136	$87,521	+0.2%
Expenses	$101,670	$44,879	+1.3%
Net Income	$2,466	$42,642	-0.9%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE BARKER	FOUNDING MEM	N/A	Director	$0	$0	$0
CHRIS BARTON	DIRECTOR	N/A	Director	$0	$0	$0
JOSH CARROLL	DIRECTOR	N/A	Director	$0	$0	$0
JASON CORWIN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KEVIN EDMONDS	PRESIDENT	N/A	Officer Director	$0	$0	$0
JW GEE	DIRECTOR	N/A	Director	$0	$0	$0
HOLLY MCFARLAND	TREASURER	N/A	Officer Director	$0	$0	$0
KIM MORRISON	SECRETARY	N/A	Director	$0	$0	$0
JUSTIN ROSE	DIRECTOR	N/A	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	$104,136	$101,670	$562,330	$2,466
2024	$87,521	$44,879	$559,864	$42,642
2023	$60,117	$56,186	$534,340	$3,931
2022	$66,227	$97,014	$530,763	$-30,787
2021	$44,960	$37,139	$563,046	$7,821
2020	$47,509	$43,731	$557,067	$3,778
2019	$62,063	$79,584	$556,110	$-17,521
2018	$48,830	$66,116	$572,979	$-17,286

LAKE GASTON SOCCER ASSOCIATION