RICHFIELD SOCCER ASSOCIATION

EIN: 411453916 501(c)(3)

Richfield, MN

Total Revenue
$244,240
Total Expenses
$277,925
Total Assets
$95,664
Net Assets
$95,664
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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
1979
Legal Domicile
MN
Principal Officer
Matthew Walters
Tax Period
2024-10-01 to 2025-09-30

RICHFIELD SOCCER ASSOCIATION, founded in 1979, is a small nonprofit that reported $244K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 14% operating deficit.

Mission

Founded in 1979, Richfield Soccer Association (RSA) is a youth soccer organization offering recreational and competitive leagues. Join us for fun, skill development, and community in Richfield, Minnesota. Our organization is open to Richfield residents and the surrounding area, from ages 4 to 18.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,937
Program Service Revenue $238,303
Investment Income $0
Other Revenue $0
TOTAL REVENUE $244,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $277,925
Other Expenses $277,925
TOTAL EXPENSES $277,925

Year-over-Year Comparison

2024 2023 Change
Revenue $244,240 $362,768 -0.3%
Expenses $277,925 $327,231 -0.2%
Net Income $-33,685 $35,537 -1.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
3
$16,406
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dirk Spitznagle Director of Coaching 10
Director
$16,406 $0 $16,406
Analy Hernandez Recreational Director 4
Director
$0 $0 $0
Chantel Marx Competitive Director 10
Director
$0 $0 $0
Jeremy Kidd President / Technical Director 10
Officer
$0 $0 $0
Matthew Walters Treasurer 5
Officer
$0 $0 $0
Kim Foss Secretary 5
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
2025 $244,240 $277,925 $95,664 $-33,685
2024 $362,768 $327,231 $124,693 $35,537
2023 $233,929 $205,436 $89,156 $28,493
2022 $221,667 $206,399 $60,663 $15,268
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