Futbol Club of Cary Inc

EIN: 320236153 501(c)(3) Recreation & Sports

Cary, NC

Total Revenue
$203,604
Total Expenses
$212,864
Total Assets
$63,433
Net Assets
$63,433
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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
Phone
9196011746
Tax Period
2025-01-01 to 2025-12-31

Futbol Club of Cary Inc, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $204K in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year.

Mission

FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION FOR YOUTH BY CONDUCTING SOCCER PROGRAMS FOR LOCAL CHILDREN AGES FOUR TO SEVENTEEN

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $203,604
Investment Income $0
Other Revenue $0
TOTAL REVENUE $203,604

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,467
Fundraising Expenses $0
Program Expenses $180,171
Other Expenses $109,397
TOTAL EXPENSES $212,864

Year-over-Year Comparison

2025 2024 Change
Revenue $203,604 $215,066 -0.1%
Expenses $212,864 $223,807 0.0%
Net Income $-9,260 $-8,741 +0.1%
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
2
Independent Members
N/A
Employees
2
Volunteers
94

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
2
$96,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Barefoot President 20.00
Director
$48,000 $0 $48,000
Michael Penwell Director 20.00
Director
$48,000 $0 $48,000
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 $203,604 $212,864 $63,433 $-9,260
2024 $215,066 $223,807 $72,693 $-8,741
2023 $197,963 $213,860 $81,434 $-15,897
2022 $179,888 $205,654 $97,331 $-25,766
2021 $204,977 $149,193 $123,097 $55,784
2020 $111,781 $173,055 $94,029 $-61,274
2019 $274,992 $299,959 $159,596 $-24,967
2018 $263,011 $248,988 $183,495 $14,023
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