MICHIGAN WOLVES SOCCER CLUB

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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

2002

Legal Domicile

Principal Officer

EDWARD MCCARTHY

Phone

2483207679

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN WOLVES SOCCER CLUB, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 14% surplus.

Mission

TO SUPPORT AND DEVELOP YOUTH AND AMATEUR SOCCER ATHLETES.

Program Service Accomplishments

Program 1

Expenses: $2,305,798 Revenue: $2,703,071

SOCCER TRYOUTS, PRACTICES, SOCCER CLINICS AND LEAGUE GAMES ARE OFFERED TO ALL MEMBERS. THE CLUB PROMOTES TRAVEL TO STATE, REGIONAL AND NATIONAL GAMES AND FOSTERS AN ENVIRONMENT THAT GIVES PLAYERS THE OPPORTUNITY TO EXPERIENCE ALL LEVELS OF COMPETITION.SOCCER TRAINING IS OFFERED TO ALL MEMBERS WHICH TEACHES SOCCER SKILLS AT ALL LEVELS - FROM BEGINNING SOCCER PLAYERS TO THE MOST ADVANCED.

Program 2

Expenses: $137,065 Revenue: $206,679

RECREATION PROGRAM IS OPEN TO ALL PALYERS 6-18 YEARS OLD AND IS PRIMARILY DEVOTED TO THE ENJOYMENT AND PARTICIPAION OF ALL THE PLAYERS. TRYOUTS ARE NOT REQUIRED TO JOIN A TEAM.

Program 3

Expenses: $34,370 Revenue: $68,251

YOUTH SOCCER CAMPS PROVIDE ALL PARTICIPANTS THE OPPORTUNITY TO LEARN ADDITIONAL SKILLS AND TAKE PART IN COMPETITIONS OUTSIDE OF THEIR REGULAR SOCCER SEASON ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,680

Program Service Revenue $2,978,001

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,010,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,165,192

Fundraising Expenses $0

Program Expenses $2,477,233

Other Expenses $1,434,681

TOTAL EXPENSES $2,599,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,010,681	$2,976,908	+0.0%
Expenses	$2,599,873	$2,388,821	+0.1%
Net Income	$410,808	$588,087	-0.3%

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

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

$202,889

Total Directors

$213,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEY RITZ	TREASURER	5.00	Officer Director	$9,780	$0	$9,780
KENNETH SHINGLEDECKER	VP/RECREATIONAL DIRECTOR	40.00	Officer Director	$94,446	$0	$94,446
EDWARD MCCARTHY	PRESIDENT/EXEC. DIRECTOR	25.00	Officer Director	$58,298	$0	$58,298
HEATHER PRINCE	FINANCIAL MANAGER	30.00	Officer Director	$40,365	$0	$40,365
TERRI RENTIS	SECRETARY	10.00	Director	$10,636	$0	$10,636
SHAUN GRAY	COACH	40.00	Highest	$107,674	$0	$107,674

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	$3,010,681	$2,599,873	$3,946,533	$410,808
2024	$2,976,908	$2,388,821	$4,896,995	$588,087
2023	$2,550,940	$2,088,603	$2,756,770	$462,337
2022	$2,684,683	$2,131,827	$2,164,213	$552,856
2021	$1,921,143	$1,809,801	$1,646,522	$111,342
2019	$3,877,823	$3,765,934	$2,155,333	$111,889
2018	$4,095,505	$3,984,017	$2,419,297	$111,488