LAKE FOREST SOCCER ASSOCIATION (EIN 363487740) - 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

1987

Legal Domicile

Principal Officer

SCOTT RICE

Phone

8477785372

Tax Period

2022-07-01 to 2023-06-30

LAKE FOREST SOCCER ASSOCIATION, founded in 1987, is a small nonprofit that reported $346K in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $329K left a modest 5% surplus.

Mission

ORGANIZE AND PROMOTE YOUTH SOCCER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $343,452

Investment Income $2,985

Other Revenue $0

TOTAL REVENUE $346,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $315,403

Other Expenses $328,793

TOTAL EXPENSES $328,793

Year-over-Year Comparison

	2022	2021	Change
Revenue	$346,437	$247,213	+0.4%
Expenses	$328,793	$282,832	+0.2%
Net Income	$17,644	$-35,619	-1.5%

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

N/A

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
MARCUS GRANADO	MEMBER AT LA	1.00	Director	$0	$0	$0
MEG GUSTAFSON	MEMBER AT LA	1.00	Director	$0	$0	$0
NATE HAUENSTEIN	SPONSORSHIPS	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

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
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

LAKE FOREST SOCCER ASSOCIATION