PLEASURE ISLAND SOCCER ASSOCIATION INC

EIN: 300452683 501(c)(3) Recreation & Sports

CAROLINA BEACH, NC

Total Revenue
$566,780
Total Expenses
$612,923
Total Assets
$98,902
Net Assets
$-53,910
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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
NC
Tax Period
2022-01-01 to 2022-12-31

PLEASURE ISLAND SOCCER ASSOCIATION INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $567K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

PROMOTE SOCCER EDUCATION, TO ORGANIZE SOCCER TEAMS, TO PROVIDE TRAINING IN THE SPORT OF 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 (2022)

Revenue Breakdown

Contributions & Grants $11,541
Program Service Revenue $555,239
Investment Income $0
Other Revenue $0
TOTAL REVENUE $566,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,507
Fundraising Expenses $0
Program Expenses $553,155
Other Expenses $461,416
TOTAL EXPENSES $612,923

Year-over-Year Comparison

2022 2021 Change
Revenue $566,780 $470,502 +0.2%
Expenses $612,923 $493,982 +0.2%
Net Income $-46,143 $-23,480 +1.0%
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
4
Independent Members
4
Employees
4
Volunteers
30

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
0
$0
Total Directors
4
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BENNETT PRESIDENT 18.00
Director
$75,000 $0 $75,000
ROSS MOORE TREASURER 3.00
Director
$0 $0 $0
JASON FAMIGLIETTI SECRETARY 3.00
Director
$0 $0 $0
SCOTT JONES VICE PRESIDENT 3.00
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
2024 No data No data No data No data
2023 No data No data No data No data
2022 $566,780 $612,923 $98,902 $-46,143
2021 $470,502 $493,982 $136,750 $-23,480
2020 $303,796 $355,352 $150,893 $-51,556
2018 $561,161 $552,422 $15,563 $8,739
2017 $509,875 $519,055 $12,687 $-9,180
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