LAKE FOREST 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

1987

Legal Domicile

Principal Officer

SCOTT RICE

Phone

8477785372

Tax Period

2024-07-01 to 2025-06-30

LAKE FOREST SOCCER ASSOCIATION, founded in 1987, is a small nonprofit that reported $453K in total revenue in fiscal year 2024.

Mission

ORGANIZE AND PROMOTE YOUTH SOCCER.

Program Service Accomplishments

Program 1

Expenses: $470,597 Revenue: $452,978

YOUTH SOCCER PROGRAM

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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 $0

Program Service Revenue $452,978

Investment Income $9

Other Revenue $0

TOTAL REVENUE $452,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $470,597

Other Expenses $495,413

TOTAL EXPENSES $495,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,987	$463,258	0.0%
Expenses	$495,413	$398,939	+0.2%
Net Income	$-42,426	$64,319	-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
MEG GUSTAFSON	Director	1.00	Director	$0	$0	$0
NATE HAUENSTEIN	Director	1.00	Director	$0	$0	$0
SARAH LOCKHART	President	1.00	Officer Director	$0	$0	$0
SCOTT RICE	Treasurer	1.00	Officer Director	$0	$0	$0
MARCUS GRANADO	Director	1.00	Director	$0	$0	$0
OKTAY AKGUN	Director	0.00	Director	$0	$0	$0
JAY BULEV	Director	0.00	Director	$0	$0	$0
CAN GUNGOREN	Director	0.00	Director	$0	$0	$0
MELISSA THOMAN	Director	0.00	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	$452,987	$495,413	$602,553	$-42,426
2024	$463,258	$398,939	$580,653	$64,319
2023	$346,437	$328,793	$531,538	$17,644
2022	$247,213	$282,832	$452,542	$-35,619
2021	$225,887	$269,968	$437,657	$-44,081
2020	$396,169	$506,823	$517,118	$-110,654
2019	$434,437	$532,395	$652,350	$-97,958
2018	$513,391	$569,888	$698,720	$-56,497