MICHIGAN WOLVES SOCCER CLUB

EIN: 300061636 501(c)(3) Recreation & Sports

LIVONIA, MI

Total Revenue
$3,010,681
Total Expenses
$2,599,873
Total Assets
$3,946,533
Net Assets
$3,266,370
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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
MI
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 PROMOTE, ENCOURAGE AND OTHERWISE ENHANCE INTEREST IN YOUTH SOCCER.

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
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
4
$202,889
Total Directors
5
$213,525
Key Employees
0
$0
Highest Compensated
1
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
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