VERONA AREA SOCCER CLUB (EIN 391786117) - 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

1994

Legal Domicile

Principal Officer

PATRICK SWEENEY

Phone

6086982069

Tax Period

2024-01-01 to 2024-12-31

VERONA AREA SOCCER CLUB, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $328K in total revenue in fiscal year 2024. Expenses of $315K left a modest 4% surplus.

Mission

TO PROVIDE OPPORTUNITIES FOR SOCCER PLAYERS OF ALL AGES, BACKGROUNDS, AND SKILL LEVELS TO LEARN, DEVELOP, AND PLAY THE GAME OF SOCCER IN A FUN AND SAFE ENVIRONMENT.

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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 $9,265

Program Service Revenue $317,847

Investment Income $9

Other Revenue $1,000

TOTAL REVENUE $328,121

Expense Breakdown

Grants Paid $387

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,950

Other Expenses $314,982

TOTAL EXPENSES $315,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,121	$329,449	0.0%
Expenses	$315,369	$310,589	+0.0%
Net Income	$12,752	$18,860	-0.3%

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

175

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
LARS NIELSEN	PRESIDENT	4.00	Officer Director	$0	$0	$0
PATRICK SWEENEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEVRA ASHBECK	SECRETARY	2.00	Officer Director	$0	$0	$0
CORY MYERS	TREASURER	2.00	Officer Director	$0	$0	$0
AUTUMN BALLEN	CLUB ADMINISTRATOR	1.00	Director	$0	$0	$0
TRISHA BANECK	VOLUNTEER COORDINATOR (THRU AUG.)	1.00	Director	$0	$0	$0
JUSTIN HINES	SPONSORSHIP DIRECTOR (THRU AUG.)	1.00	Director	$0	$0	$0
TARA MATTILA	REGISTRAR	1.00	Director	$0	$0	$0
MELLANIE NAI	CO-DIRECTOR OF COACHING	1.00	Director	$0	$0	$0
MATT SCHWARTZ	CO-DIRECTOR OF COACHING	1.00	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	$328,121	$315,369	$137,597	$12,752
2023	$329,449	$310,589	$124,845	$18,860
2022	$255,916	$259,833	$105,985	$-3,917
2021	$249,271	$224,517	$109,902	$24,754
2020	$154,025	$167,324	$85,148	$-13,299
2019	$226,510	$242,188	$98,447	$-15,678
2018	$219,736	$184,457	$114,125	$35,279

VERONA AREA SOCCER CLUB