Futbol Club of Cary Inc

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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

Program Service Accomplishments

Program 1

Expenses: $180,171 Revenue: $203,604

CONDUCT RECREATIONAL AND COMPETITIVE 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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

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

Total Directors

$96,000

Key Employees

Highest Compensated

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