NEW YORK ELITE FC INC (EIN 331159834) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

GARY SWEENEY

Phone

5184237385

Tax Period

2024-07-01 to 2025-06-30

NEW YORK ELITE FC INC, founded in 2007, is a small nonprofit in the Recreation & Sports sector that reported $790K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $927K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROMOTE SOCCER AS A SPORT, TO ESTABLISH BOYS SOCCER TEAMS TO COMPETE ON THE LOCAL, REGIONAL, STATE, AND NATIONAL LEVELS, TO PROVIDE SUPPORT AND TRAINING TO DEVELOP AMATEUR SOCCER ATHLETES, AND TO FOSTER COMPETITION IN SOCCER THROUGH TEAM COMPETITION AND SOCCER TOURNAMENTS.

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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 $600

Program Service Revenue $789,077

Investment Income $0

Other Revenue $0

TOTAL REVENUE $789,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,750

Fundraising Expenses $0

Program Expenses $924,713

Other Expenses $913,899

TOTAL EXPENSES $926,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$789,677	$974,284	-0.2%
Expenses	$926,649	$954,767	0.0%
Net Income	$-136,972	$19,517	-8.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$12,500

Total Directors

$12,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY SWEENEY	EX DIR/CO-TR	3.00	Officer Director	$6,500	$0	$6,500
BLAIR DOWNIE	CO-TREASURER	2.00	Officer Director	$6,000	$0	$6,000
PAUL BORTHWICK	DIRECTOR	2.00	Director	$250	$0	$250

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	$789,677	$926,649	$131,253	$-136,972
2024	$974,284	$954,767	$268,225	$19,517
2024	$974,284	$954,767	$268,225	$19,517
2023	$851,936	$804,419	$248,708	$47,517
2022	$933,495	$858,142	$201,191	$75,353
2021	$354,122	$410,346	$125,838	$-56,224
2020	$357,431	$319,548	$182,061	$37,883
2019	$376,537	$339,004	$144,178	$37,533

NEW YORK ELITE FC INC