WESTLAKE SOCCER ASSOCIATION

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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

1979

Legal Domicile

Principal Officer

SEAN WEBSTER

Phone

4404873748

Tax Period

2024-08-01 to 2025-07-31

WESTLAKE SOCCER ASSOCIATION, founded in 1979, is a small nonprofit in the Recreation & Sports sector that reported $263K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $305K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE YOUTH WITH SOCCER TRAINING AND COMPETITIVE PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $47,420 Revenue: $72,145

THE WESTLAKE SOCCER ASSOCIATION ALSO OVERSEES THE RECREATIONAL SOCCER PROGRAM FOR CHILDREN IN THE COMMUNITY. THIS PROGRAM BEGINS ATH THE PRE-K LEVEL AND CONTINUES THROUGHOUT MIDDLE SCHOOL AGE FOR...

THE WESTLAKE SOCCER ASSOCIATION ALSO OVERSEES THE RECREATIONAL SOCCER PROGRAM FOR CHILDREN IN THE COMMUNITY. THIS PROGRAM BEGINS ATH THE PRE-K LEVEL AND CONTINUES THROUGHOUT MIDDLE SCHOOL AGE FOR THOSE WHO ARE EITHER TOO YOUNG TO PLAY ON A COMPETITIVE TRAVEL TEAM OR WHO OTHERWISE CHOOSE TO ENJOY THE SPORT IN A FUN, LESS COMPETITIVE ENVIRONMENT.

Program 2

Expenses: $107,376 Revenue: $23,737

THE WESTLAKE SOCCER ASSOCIATION OVERSEES OVER 15 BOYS AND GIRLS TRAVEL TEAMS, AGES 8 THROUGH 15, THAT COMPETE IN A NORTHEAST OHIO SOCCER LEGUE AND TOURNAMENTS THROUGH OUT THE YEAR. OVER 200 WESTLAKE CHILDREN PARTICIPATE ON THESE TEAMS IN ORDER TO BE INVOLVED IN ATHLETIC COMPETITIONS, ENHANCE THEIR OVERALL PHYSICAL WELL-BEING, AND LEARN GOOD SPORTSMANSHIP.

Program 3

Expenses: $128,948 Revenue: $154,845

THE WESTLAKE SOCCER ASSOCIATION ANNUALLY HOSTS THE WESTLAKE INVITATIONAL SOCCER TOURNAMENT (WIST). THE WAIST DRAWS TOGETHER OVER 200 YOUTH SOCCER TEAMS FROM THROUGHOUT THE CLEVELAND AREA, ELSEWHERE IN OHIO, FROM SURROUNDING STATES AND EVEN OCASIONALLY FROM CANADA, IN ORDER TO ENGAGE IN A COMPETITIVE ATHLECTIC TOURNAMENT. THE WIST PROVIDES MULTIPLE LEVELS OF COMPETITION SO THAT ALL PARTICIPATES CAN ASSESS THEIR SKILL LEVELS WHILE ENJOYING THE SPORT OF SOCCER. DUE TO COVID-19 PANDAMIC THIS TOURNAMENT GOT CANCELLED THIS YEAR WHICH AFFECTED THE REVENUE.

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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 $831

Program Service Revenue $250,727

Investment Income $9,190

Other Revenue $2,422

TOTAL REVENUE $263,170

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $287,744

Other Expenses $301,357

TOTAL EXPENSES $305,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,170	$322,637	-0.2%
Expenses	$305,357	$262,070	+0.2%
Net Income	$-42,187	$60,567	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN GIARDINI	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAUREN LARKIN	SECRETARY	5.00	Officer Director	$0	$0	$0
SEAN WEBSTER	TREASURER	5.00	Officer Director	$0	$0	$0
WESLEY VENHOFF	BOYS TRAVEL	5.00	Director	$0	$0	$0
LARRY WOLF	DIRECTOR OF	5.00	Director	$0	$0	$0
JOANNA DECHELLIS	DIRECTOR OF	5.00	Director	$0	$0	$0
NICK BELL	REGISTRAR	5.00	Director	$0	$0	$0
DAN KOVACH	WIST TOURNAM	5.00	Director	$0	$0	$0
WESLEY VENHOFF	WSA SCHEDULE	5.00	Director	$0	$0	$0
SARAH ECKEL	GIRLS TRAVEL	5.00	Director	$0	$0	$0
DREW MAXFIELD	BOYS TRAVEL	5.00	Director	$0	$0	$0
NICK BELL	FUTSAL COMMI	5.00	Director	$0	$0	$0
KAREN SZYTEC	DIR SPECIAL	5.00	Director	$0	$0	$0
KEITH MALONE	RECREATION C	5.00	Director	$0	$0	$0
CHRIS GIBSON	RECREATION C	5.00	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
2025	$263,170	$305,357	$384,969	$-42,187
2024	$322,637	$262,070	$341,387	$60,567
2023	$244,061	$209,006	$280,087	$35,055
2022	$213,515	$159,376	$237,422	$54,139
2021	$184,812	$148,324	$168,439	$36,488
2020	$80,463	$80,513	$163,957	$-50