READING UNITED SOCCER CLUB INC (EIN 264379339) - 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

2009

Legal Domicile

Principal Officer

MICHAEL SHEEDY

Phone

7813153144

Tax Period

2023-09-01 to 2024-08-31

READING UNITED SOCCER CLUB INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $280K in total revenue in fiscal year 2023. Expenses of $259K left a modest 7% surplus.

Mission

TO PROVIDE TRAINING, EQUIPMENT, FIELD MAINTENANCE, REFEREES, UNIFORMS, REGISTRATION, SUPERVISION AND ORGANIZATION FOR YOUTH SOCCER PLAYERS IN THE AREA.

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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 $279,611

Investment Income $23

Other Revenue $0

TOTAL REVENUE $279,634

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $25,525

Fundraising Expenses $0

Program Expenses $223,612

Other Expenses $231,484

TOTAL EXPENSES $259,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,634	$260,166	+0.1%
Expenses	$259,009	$226,869	+0.1%
Net Income	$20,625	$33,297	-0.4%

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

$14,725

Total Directors

$25,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SHEEDY	PRESIDENT	10.00	Officer Director	$11,925	$0	$11,925
PETE COUMOUNDUROS	DIRECTOR	2.00	Director	$0	$0	$0
STUART MAY	SECRETARY	2.00	Officer Director	$2,800	$0	$2,800
MARC BUCALO	TREASURER	2.00	Officer Director	$0	$0	$0
SEAN O'CONNOR	DIRECTOR	2.00	Director	$7,350	$0	$7,350
KATE DEPALMA	DIRECTOR	2.00	Director	$0	$0	$0
RICK HOULE	DIRECTOR	2.00	Director	$1,125	$0	$1,125
SHANE KARCZ	DIRECTOR	2.00	Director	$0	$0	$0
MIKE KOEHLER	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA MORAN	DIRECTOR	2.00	Director	$925	$0	$925
JEFFREY MULLEN	DIRECTOR	2.00	Director	$1,400	$0	$1,400

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	$279,634	$259,009	$355,799	$20,625
2023	$260,166	$226,869	$307,903	$33,297
2022	$238,030	$207,258	$243,408	$30,772
2021	$107,270	$103,956	$212,458	$3,314
2020	$135,975	$124,522	$85,074	$11,453
2019	$213,118	$176,716	$165,302	$36,402

READING UNITED SOCCER CLUB INC