MINNESOTA YOUTH SOCCER ASSOCIATION

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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

1987

Legal Domicile

Principal Officer

JOHN CONTE

Phone

9529332384

Tax Period

2021-09-01 to 2022-08-31

MINNESOTA YOUTH SOCCER ASSOCIATION, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2021. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

THE MINNESOTA YOUTH SOCCER ASSOCIATION PROMOTES THE GAME OF SOCCER FOR ALL YOUTH IN MINNESOTA. WE PROMOTE THE IMPORTANCE OF EDUCATION, SELF-ESTEEM, DIVERSITY AND TEAMWORK IN A SAFE, FUN ENVIRONMENT, ALLOWING PLAYERS TO DEVELOP TO THEIR FULLEST POTENTIAL IN SOCCER AND IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $393,623 Revenue: $285,439

MEMBER SERVICES:LEAGUE OPERATIONS AND REGISTRATION DECLINED SLIGHTLY FROM FY21 TO FY22. WORK WITH THE COLLECTIVE GLOBAL CONTINUED, BUT WAS MOSTLY FOCUSED ON A PARTNERSHIP WITH MINNESOTA UNITED WHICH HAS NOT COME TO FRUITION. OUR AGM REMAINED VIRTUAL AND WE DID NOT HAVE A SYMPOSIUM AS IN PREVIOUS YEARS.

Program 2

Expenses: $296,898 Revenue: $254,295

TOURNAMENTS:NO FALL TOURNAMENTS WERE HOSTED BY MYSA. IN THE SPRING OF 2022, WE HELD OUR CUPS EVENTS AT THE NATIONAL SPORTS CENTER. OUR SUMMER CHAMPIONSHIPS WERE HELD IN ST. CLOUD FOR THE 2ND YEAR IN...

Program 3

Expenses: $172,131 Revenue: $77,942

OLYMPIC DEVELOPMENTODP CONDUCTED LIMITED OPERATIONS, THOUGH DID RESUME THE MORE TRADITIONAL MODEL OF EVALUATIONS AND TEAM TRAININGS. IMMEDIATELY AFTER THE CONCLUSION OF THE ODP CYCLE, OUR LONG-TIME...

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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 $172,462

Program Service Revenue $949,237

Investment Income $11

Other Revenue $12,778

TOTAL REVENUE $1,134,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,810

Fundraising Expenses $0

Program Expenses $902,397

Other Expenses $791,741

TOTAL EXPENSES $1,206,551

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,134,488	$1,583,802	-0.3%
Expenses	$1,206,551	$1,393,627	-0.1%
Net Income	$-72,063	$190,175	-1.4%

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

Volunteers

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

$249,516

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYLA JANAE LOKKESMOE	EXECUTIVE DIRECTOR	40.00	Officer	$84,018	$10,323	$94,341
NORINE OLSEN	DIRECTOR OF FINANCE	40.00	Officer	$75,181	$23,925	$99,106
MATTHEW MADEIRA	EXECUTIVE DIRECTOR (PARTIAL YEAR)	40.00	Officer	$53,886	$2,183	$56,069
STEVE MAY	PRESIDENT	3.00	Officer Director	$0	$0	$0
PAT PRINDLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN CONTE	TREASURER	1.00	Officer Director	$0	$0	$0
ANN MARIE COURCHENE	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE MAGNUSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CARTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DAKE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID OLSON	DIRECTOR (PARTIAL YEAR)	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
2022	$1,134,488	$1,206,551	$210,638	$-72,063
2021	$1,583,802	$1,393,627	$332,094	$190,175
2020	$1,045,781	$1,905,466	$510,301	$-859,685
2019	$2,126,752	$3,194,044	$762,856	$-1,067,292
2018	$2,661,047	$2,997,844	$1,776,305	$-336,797