RACINE AREA SOCCER ASSOCIATION INC (EIN 391316634) - 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

1978

Legal Domicile

Principal Officer

Nicholas Wentorf

Phone

2629890887

Tax Period

2024-01-01 to 2024-12-31

RACINE AREA SOCCER ASSOCIATION INC, founded in 1978, is a small nonprofit in the Recreation & Sports sector that reported $941K in total revenue in fiscal year 2024. Expenses of $853K left a modest 9% surplus.

Mission

Racine Area Soccer Association, Inc has educated children in the sport of 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 (2024)

Revenue Breakdown

Contributions & Grants $539

Program Service Revenue $862,218

Investment Income $22,213

Other Revenue $56,520

TOTAL REVENUE $941,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,104

Fundraising Expenses $0

Program Expenses $914,719

Other Expenses $642,816

TOTAL EXPENSES $852,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$941,490	$882,450	+0.1%
Expenses	$852,920	$727,412	+0.2%
Net Income	$88,570	$155,038	-0.4%

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

$27,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Antonneau	Treasurer	2.00	Officer	$0	$0	$0
Nicholas Wentorf	President	2.00	Officer	$0	$0	$0
Naison Nyamatutu	Vice President	1.00	Officer	$0	$0	$0
Ben Lake	Board Member	1.00	Director	$0	$0	$0
Jennifer Waite	Board Member (Non voting)	8.00	Director	$7,110	$0	$7,110
Charles Block	Board Member	1.00	Director	$0	$0	$0
Cari Greving	Board Member	1.00	Director	$0	$0	$0
Rocco Castellano	Board Member	1.00	Director	$0	$0	$0
Adnan Yasatan	Finance Director (non voting)	15.00	Director	$20,357	$0	$20,357

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	$941,490	$852,920	No data	$88,570
2023	$882,450	$727,412	$1,331,162	$155,038
2022	$960,735	$834,661	$1,201,356	$126,074
2021	$940,259	$837,615	$1,102,795	$102,644
2020	$677,889	$755,897	$1,041,190	$-78,008
2019	$781,973	$787,393	$1,149,566	$-5,420
2018	$927,781	$864,355	$1,195,322	$63,426

RACINE AREA SOCCER ASSOCIATION INC