MADISON 56ERS SOCCER CLUB INC

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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

1956

Legal Domicile

Principal Officer

SIMEON ALDER

Phone

6082731956

Tax Period

2023-07-01 to 2024-06-30

MADISON 56ERS SOCCER CLUB INC, founded in 1956, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 5% surplus.

Mission

MADISON 56ERS SC IS THE PREMIER SOCCER CLUB IN SOUTHWEST WISCONSIN, WITH OVER 60 YEARS OF EXPERIENCE TRAINING THE AREA'S TOP ATHLETES. OUR ACHIEVEMENTS INCLUDE OVER 27 YOUTH STATE TITLES AND A NATIONAL CHAMPIONSHIP. IT IS OUR CONTINUING MISSION TO PROVIDE A QUALITY EDUCATIONAL EXPERIENCE WHICH WILL HELP SOCCER PLAYERS OF ALL AGES REACH THEIR MAXIMUM POTENTIAL AS SOCCER ATHLETES AND TO ACHIEVE THE HIGHEST STANDARDS OF CONDUCT AND PROFESSIONALISM REGARDLESS OF INCOME OR ABILITY TO PLAY.

Program Service Accomplishments

Program 1

Expenses: $1,340,881 Revenue: $1,469,733

YOUTH SOCCER TEAM ORGANIZATION PROVIDING COMPETITIVE SOCCER TEAMS. WE OFFER THE UNIQUE OPPORTUNITY FOR YEAR-ROUND TRAINING, INCLUDING WINTER SESSIONS AT OUR INDOOR TRAINING FACILITY. WE PLACE AN...

YOUTH SOCCER TEAM ORGANIZATION PROVIDING COMPETITIVE SOCCER TEAMS. WE OFFER THE UNIQUE OPPORTUNITY FOR YEAR-ROUND TRAINING, INCLUDING WINTER SESSIONS AT OUR INDOOR TRAINING FACILITY. WE PLACE AN EMPHASIS ON FOSTERING A POSITIVE CLUB COMMUNITY, RESULTING IN STRONG FRIENDSHIPS AND RELATIONSHIPS BETWEEN TEAMMATES AND CLUB MEMBERS. OUR OBJECTIVE IS TO DEVELOP A STABLE YOUTH SOCCER CAREER FOR PLAYERS OF ALL AGES. WE ARE FIRMLY DEDICATED TO PROVIDING A SOCCER ENVIRONMENT THAT WILL ALLOW EVERY PLAYER TO LEARN AND GROW TO THE BEST OF THEIR ABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,363

Program Service Revenue $1,469,733

Investment Income $21,909

Other Revenue $8,657

TOTAL REVENUE $1,532,662

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $660,893

Fundraising Expenses $0

Program Expenses $1,340,881

Other Expenses $774,330

TOTAL EXPENSES $1,460,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,532,662	$1,504,122	+0.0%
Expenses	$1,460,223	$1,541,358	-0.1%
Net Income	$72,439	$-37,236	-2.9%

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

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

$91,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN RICKMAN	DIRECTOR	10.00	Director	$0	$0	$0
SIMEON ALDER	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRIS CARBON	DIRECTOR	10.00	Director	$0	$0	$0
JOANNA GRIFFIN	SECRETARY, BEG 3/24	10.00	Officer Director	$0	$0	$0
ERICA AVERY	DIRECTOR	10.00	Director	$0	$0	$0
MIKE SHAFRANSKI	DIRECTOR, END 3/24	10.00	Director	$0	$0	$0
RYAN AMUNDSON	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MARY KEENAN	DIRECTOR	10.00	Director	$0	$0	$0
MATT SAFARIK	DIRECTOR	10.00	Director	$0	$0	$0
JILL TOMALIN	SECRETARY, END 3/24	10.00	Director	$0	$0	$0
JULIE BALDWIN	DIRECTOR, BEG 3/2024	10.00	Director	$0	$0	$0
ANGIE CYR	DIRECTOR, BEG 3/2024	10.00	Director	$0	$0	$0
NICK WOOD	TREASURER, BEG 3/24	10.00	Officer Director	$0	$0	$0
MARY HERMES	DIRECTOR, BEG 3/2024	10.00	Director	$0	$0	$0
HANNIBAL SMITH	DIRECTOR, BEG 3/2024	10.00	Director	$0	$0	$0
JOSH ANDERSON	DIRECTOR, BEG 3/2024	10.00	Director	$0	$0	$0
TONY WRIGHT	DIRECTOR OF COACHING	40.00	Officer	$91,957	$0	$91,957

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	No data	No data	No data	No data
2024	$1,532,662	$1,460,223	$3,080,425	$72,439
2023	$1,504,122	$1,541,358	$2,526,937	$-37,236
2022	$1,431,913	$1,264,907	$2,284,778	$167,006
2021	$1,311,024	$1,114,374	$2,191,615	$196,650
2020	$1,221,694	$1,021,884	$2,177,760	$199,810
2019	$1,296,365	$1,281,677	$2,042,734	$14,688
2018	$1,144,757	$1,091,464	$2,488,505	$53,293