Norfolk Soccer Club Inc (EIN 364075699) - 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

1996

Legal Domicile

Principal Officer

Kandace Hanna

Phone

4025157919

Tax Period

2024-01-01 to 2024-12-31

Norfolk Soccer Club Inc, founded in 1996, is a micro nonprofit in the Recreation & Sports sector that reported $46K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $365K represent 96 months of operating reserves.

Mission

Norfolk Soccer Club coordinates & promotes soccer activities in the Norfolk, Nebraska area for children of all ages.

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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 $3,278

Program Service Revenue $38,897

Investment Income $202

Other Revenue $3,444

TOTAL REVENUE $45,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,898

Other Expenses $48,898

TOTAL EXPENSES $48,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,821	$41,856	+0.1%
Expenses	$48,898	$63,104	-0.2%
Net Income	$-3,077	$-21,248	-0.9%

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	Role	Reportable Comp	Other Comp	Total
Adam Wachter	President	Officer Director	$0	$0	$0
Heather Werner	Vice President	Officer Director	$0	$0	$0
Heather Werner	Secretary	Officer Director	$0	$0	$0
Kandace Hanna	Treasurer	Officer Director	$0	$0	$0
Alissa Hanna	Registrar	Director	$0	$0	$0
Bill Whitten	Referee Director	Director	$0	$0	$0
Brandi Lanman	Tournament Director	Director	$0	$0	$0
Mark Albin	Field Development	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
2024	$45,821	$48,898	$365,170	$-3,077
2023	$41,856	$63,104	$368,539	$-21,248
2022	$51,175	$47,949	$389,788	$3,226
2021	$58,340	$50,490	$386,562	$7,850
2020	$9,874	$24,998	$378,712	$-15,124
2019	$58,634	$57,441	$393,836	$1,193
2018	$58,410	$60,309	$392,643	$-1,899

Norfolk Soccer Club Inc