SOCKERS FC WISCONSIN INC DBA STRIK… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

MATTHEW MCGONIGLE

Phone

2623034300

Tax Period

2021-01-01 to 2021-12-31

SOCKERS FC WISCONSIN INC DBA STRIKE FC WISCONSIN INC, founded in 1989, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2021. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A UNIFIED, POSITIVE SOCCER EXPERIENCE FOR YOUTH IN THE GREATER KETTLE MORAINE COMMUNITY IN A MANNER THAT DEVELOPS AND ENHANCES THEIR SKILL AND PASSION FOR SOCCER AND TRANLATES INTO SUCCESS BOTH ON AND OFF THE FIELD.

Program Service Accomplishments

Program 1

Expenses: $981,168 Revenue: $1,003,463

INSTRUCT YOUTH IN THE SPORT OF SOCCER AND AID IN THEIR DEVELOPMENT OF SKILLS TO PLAY AT A COMPETITVE LEVEL.

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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 (2021)

Revenue Breakdown

Contributions & Grants $61,975

Program Service Revenue $992,454

Investment Income $61

Other Revenue $10,839

TOTAL REVENUE $1,065,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,636

Fundraising Expenses $2,135

Program Expenses $981,168

Other Expenses $864,037

TOTAL EXPENSES $1,055,673

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,065,329	$970,919	+0.1%
Expenses	$1,055,673	$1,068,630	0.0%
Net Income	$9,656	$-97,711	-1.1%

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

350

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

$80,355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE BALDEH	BOARD MEMBER	1.00	Director	$0	$0	$0
EVAN LORETTI	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT ASHER	EXECUTIVE DIRECTOR	40.00	Director	$80,355	$0	$80,355
DAVE MADSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW MCGONIGLE	PRESIDENT	20.00	Officer	$0	$0	$0
RICK RILEY	TREASURER	10.00	Officer	$0	$0	$0
SEAN SETTLER	SECRETARY	4.00	Officer	$0	$0	$0
NICK HERZOG	VICE PRESIDENT	15.00	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
2021	$1,065,329	$1,055,673	$1,247,987	$9,656
2020	$970,919	$1,068,630	$1,236,021	$-97,711
2019	$1,529,420	$1,518,364	$1,410,864	$11,056
2018	$1,283,320	$1,466,135	$1,399,574	$-182,815

SOCKERS FC WISCONSIN INC DBA STRIKE FC WISCONSIN INC