LAS VEGAS SOCCER ASSOCIATION (EIN 262733601) - 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

2008

Legal Domicile

Principal Officer

JAMES RASMUSSEN

Phone

7028783644

Tax Period

2025-01-01 to 2025-12-31

LAS VEGAS SOCCER ASSOCIATION, founded in 2008, is a community nonprofit in the Recreation & Sports sector that reported $3.6M in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 11% surplus.

Mission

The mission of Las Vegas Soccer Association is to develop well-balanced, successful student athletes in a healthy, positive soccer environment. We will promote and develop excellence in club soccer based on the values of skill, sportsmanship and character at all times.

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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 (2025)

Revenue Breakdown

Contributions & Grants $132,660

Program Service Revenue $3,386,649

Investment Income $50,561

Other Revenue $0

TOTAL REVENUE $3,569,870

Expense Breakdown

Grants Paid $8,623

Salaries & Benefits $1,544,515

Fundraising Expenses $0

Program Expenses $2,992,446

Other Expenses $1,626,334

TOTAL EXPENSES $3,179,472

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,569,870	$2,887,893	+0.2%
Expenses	$3,179,472	$2,863,187	+0.1%
Net Income	$390,398	$24,706	+14.8%

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

375

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

$250,100

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RASMUSSEN	President	40.00	Officer	$121,750	$0	$121,750
PATRICIA RASMUSSEN	Treasurer	40.00	Officer	$121,750	$0	$121,750
LANA C RASMUSSEN	Secretary	20.00	Officer	$6,600	$0	$6,600
MAUREEN HESTER	Director	5.00	Director	$6,000	$0	$6,000
RICHARD ROMANO	Director	5.00	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
2025	$3,569,870	$3,179,472	$2,314,843	$390,398
2024	$2,887,893	$2,863,187	$1,932,881	$24,706
2023	$2,634,956	$2,587,875	$1,713,889	$47,081
2022	$2,402,642	$2,171,090	$1,621,682	$231,552
2021	$1,352,119	$1,303,200	$1,233,448	$48,919
2020	$2,173,432	$1,849,319	$347,740	$324,113
2019	$2,651,051	$2,574,610	$841,332	$76,441
2018	$1,928,277	$2,047,061	$940,630	$-118,784

LAS VEGAS SOCCER ASSOCIATION