CHICAGO LATIN AMERICAN SOCCER ASSOCIATIO (EIN 363505313) - 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

FELIPE MANRIQUEZ

Phone

7735227700

Tax Period

2019-01-01 to 2019-12-31

CHICAGO LATIN AMERICAN SOCCER ASSOCIATIO, founded in 1987, is a small nonprofit that reported $218K in total revenue in fiscal year 2019. Revenue decreased 18% compared to the prior year.

Mission

THE CHICAGO LATIN AMERICAN SOCCER ASSOCIATION (CLASA) PROVIDES ORGANIZED AMATEUR SOCCER FOR LATIN AMERICAN CHILDREN, ADOLESCENTS, AND ADULTS THROUGHOUT THE CHICAGOLAND AREA. IN DOING SO, CLASA PROVIDES THE TEAMS WITH A LEAGUE, SCHEDULES, TOURNAMENTS, AND INVITATIONS TO PLAY IN OTHER STATES. CLASA IS A MEMBER OF THE ILLINOIS YOUTH SOCCER ASSOCIATION (IYSA), ILLINOIS STATE SOCCER ASSOCIATION (ISSA) AND THE UNITED STATES SOCCER FEDERATION (USSF).

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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 (2019)

Revenue Breakdown

Contributions & Grants $51,300

Program Service Revenue $167,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,946

Fundraising Expenses $0

Program Expenses $227,506

Other Expenses $221,405

TOTAL EXPENSES $239,351

Year-over-Year Comparison

	2019	2018	Change
Revenue	$218,470	$267,942	-0.2%
Expenses	$239,351	$239,173	+0.0%
Net Income	$-20,881	$28,769	-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

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
FELIPE MANRIQUEZ	President	20.00	Officer	$0	$0	$0
RIGOBERTO ALONSO	Vice President	6.00	Officer	$0	$0	$0
ANTONIO CARATACHIA	Secretary	6.00	Officer	$0	$0	$0
BENJAMIN CHAVOLLA	Treasurer	6.00	Officer	$0	$0	$0
JUAN OROSCO	Director	6.00	Officer	$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
2019	$218,470	$239,351	$296,352	$-20,881

CHICAGO LATIN AMERICAN SOCCER ASSOCIATIO